ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

iShares Core MSCI EM IMI UCITS ETFIndex, costs, backtest, listings and taxation

Class:

ISIN: IE00BKM4GZ66Ticker: EIMI (Borsa Italiana) · IS3N (Xetra) · EMIM (London SE) · EMIM (Euronext AMS) · EIMI (SIX)Issuer: iShares

Global Equity tracking the MSCI Emerging Markets IMI Index (Net), physical replication, accumulating. Share class in US dollars (USD).

0.18% + 0.04%

TER + KID transaction costs ✓ declared by the issuer

4,152

rows published by the issuer · holdings ↓ ✓ declared by the issuer

38.5 bn €

share-class assets ✓ declared by the issuer

+0.08 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ computed by Rebalix

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

iShares Core MSCI EM IMI UCITS ETF

Declared index

MSCI Emerging Markets IMI Index (Net)

Management

Passive (index-tracking)

Replication

Physical

Domicile

Ireland

Share classes of this fund

2, this one is USD (Acc) · compare them in the table →

Share class · this page

ISIN

IE00BKM4GZ66

Ticker

EIMI (Borsa Italiana) · IS3N (Xetra) · EMIM (London SE) · EMIM (Euronext AMS) · EIMI (SIX)

Share-class currency

US dollars (USD)

TER

0.18%

Transaction costs

0.04% (issuer estimate, from the KID)

Income policy

Accumulating

Share-class assets

38.5 bn EUR

NAV

52.37 USD (16 October 2026)

Share-class launch

30 May 2014

Data as declared by iShares in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

TER 0.18%below the median of equity ETFs we track (0.23%).≈ computed by Rebalix
Assetslarger than 99% of equity ETFs we track.≈ computed by Rebalix
Average tracking difference over the last 3 years+0.08% p.a., against a declared TER of 0.18%.≈ computed by Rebalix
Information Technology 41.3%first sector from the declared portfolio✓ declared by the issuer
4,152 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 34.2%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

iShares Core MSCI EM IMI UCITS ETF tracks the issuer-declared index: MSCI Emerging Markets IMI Index (Net). The declared annual cost (TER) is 0.18%, plus 0.04% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 38.5 billion euro, was launched on 30 May 2014 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI Emerging Markets Investable Market Index (IMI), the Fund’s benchmark index (Index).
Keep reading the KID section ▾
The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Index. The Index measures the performance of large, mid and small-cap sectors (i.e. companies with large, mid and small market capitalisation) within the equity markets in emerging markets which comply with MSCI’s size, liquidity and free float criteria. Companies are included in the Index based on the proportion of their shares in issue that are available for purchase by international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. The investment manager may use financial derivative instruments (“FDIs”) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. In order to gain exposure to certain securities in emerging markets that make up the Index, the Fund may invest in American Depository Receipts (ADRs) and Global Depositary Receipts (GDRs). ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The price of equity securities fluctuates daily and may be influenced by factors affecting the performance of the individual companies issuing the equities, as well as by daily stock market movements, and broader economic and political developments which in turn may affect the value of your investment. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).
The depositary of the Fund is The Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.
Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.
Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).
Insurance benefits:The Fund does not offer any insurance benefits.

From the KID’s “Objectives” section · KID acquired on 2 October 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
30 May 2014
declared by the issuer
Basket snapshots
3 monthly
since August 2026
Dated events
none so far
TER, index, name, tax: every change is an event

Open the history →

Italian taxation

Effective rate on capital gains

26.00%

White-list share

0.00%

From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.

Deep-dive into this fund’s taxation →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared total-return series (base 100; accumulating class) · USD (loading exchange rates) · from Jun 2014 to Oct 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+111.0%

Annualised

+6.2%

Volatility (ann.)

16.3%

Max drawdown

-38.57%

02 Jun 2014 → 16 Oct 202612 years and 4 months · +111.0%

Chart, returns, risk and the simulation use the issuer’s total-return series (base 100, as of 16 October 2026): for an accumulating class it is the same thing as the NAV, published with more decimals. The latest NAV at the top of the page is the published one.

Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-38.57%

peak → trough

Trough

23 Mar 2020

from the 26 Jan 2018 peak

Recovery time

238 days

recovery only: trough to break-even · ≈ 8 months

Underwater

1,025 days

decline + recovery: peak to break-even · ≈ 2 years and 10 months · → recovered on 16 Nov 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
26 Jan 2018	23 Mar 2020	-38.57%	16 Nov 2020	1,025
17 Feb 2021	24 Oct 2022	-36.87%	17 Jul 2025	1,611
03 Sept 2014	21 Jan 2016	-34.79%	13 Jul 2017	1,044
26 Feb 2026	31 Mar 2026	-13.27%	21 Apr 2026	54
22 Jun 2026	29 Jul 2026	-13.01%	ongoing	116

Calendar-year returns

2016

9.6%

2017

37.0%

2018

-14.8%

2019

17.5%

2020

18.4%

2021

-0.2%

2022

-19.8%

2023

11.6%

2024

7.2%

2025

31.6%

2026

16.4%

2014: the share class was launched on 30 May 2014 and the available series starts on 2 June 2014; the return runs from that date (not from launch) to 31 December 2014 and is not a full year.

Month-by-month returns

2026Year 16.4%

Jan

8.7

Feb

5.3

Mar

-12.8

Apr

14.5

May

8.8

Jun

-1.6

Jul

-3.5

Aug

4.1

Sept

-0.7

Oct

-4.5

Nov

Dec

2025Year 31.6%

Jan

1.2

Feb

0.0

Mar

0.5

Apr

1.5

May

4.8

Jun

6.0

Jul

1.7

Aug

1.6

Sept

6.4

Oct

3.9

Nov

-2.3

Dec

2.7

2024Year 7.2%

Jan

-4.3

Feb

4.5

Mar

2.0

Apr

0.9

May

0.6

Jun

3.8

Jul

0.3

Aug

1.7

Sept

6.2

Oct

-4.3

Nov

-3.3

Dec

-0.3

2023Year 11.6%

Jan

7.6

Feb

-6.0

Mar

2.8

Apr

-0.9

May

-1.3

Jun

3.9

Jul

6.3

Aug

-5.6

Sept

-2.6

Oct

-4.0

Nov

8.2

Dec

4.0

2022Year -19.8%

Jan

-2.2

Feb

-3.8

Mar

-0.8

Apr

-5.5

May

0.1

Jun

-7.1

Jul

0.1

Aug

0.6

Sept

-11.5

Oct

-2.7

Nov

14.1

Dec

-1.3

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	8.7	5.3	-12.8	14.5	8.8	-1.6	-3.5	4.1	-0.7	-4.5			16.4
2025	1.2	0.0	0.5	1.5	4.8	6.0	1.7	1.6	6.4	3.9	-2.3	2.7	31.6
2024	-4.3	4.5	2.0	0.9	0.6	3.8	0.3	1.7	6.2	-4.3	-3.3	-0.3	7.2
2023	7.6	-6.0	2.8	-0.9	-1.3	3.9	6.3	-5.6	-2.6	-4.0	8.2	4.0	11.6
2022	-2.2	-3.8	-0.8	-5.5	0.1	-7.1	0.1	0.6	-11.5	-2.7	14.1	-1.3	-19.8
2021	2.8	1.3	-1.2	2.9	2.3	0.5	-6.1	2.4	-3.7	0.9	-3.9	2.2	-0.2
2020	-4.6	-5.5	-16.2	9.6	0.9	7.5	8.9	2.4	-1.6	1.8	9.7	7.4	18.4
2019	8.4	0.3	0.8	1.9	-7.0	6.0	-1.3	-4.9	1.9	4.2	-0.2	7.3	17.5
2018	8.1	-4.6	-1.9	-0.3	-3.4	-4.4	2.1	-2.6	-0.8	-8.9	4.3	-2.5	-14.8
2017	5.4	3.4	2.6	2.0	2.6	1.0	5.7	2.2	-0.3	3.5	0.4	3.6	37.0
2016	-6.6	-0.1	12.7	0.6	-3.7	3.8	4.9	2.3	1.3	-0.1	-4.6	0.1	9.6
2015	0.6	2.8	-1.3	7.9	-3.7	-2.8	-7.1	-9.0	-2.6	7.0	-3.7	-1.9	-14.4
2014							1.8	2.3	-7.2	0.8	-1.1	-4.4	-5.5(from 2 Jun)

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested: where declared). Deeper colour = larger move.

Method and sources

Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 6 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average annual TD, 2023–2025

+0.08 pt /year

Declared TER

0.18%

Year	Fund	Index	Difference (pt)
2025	+31.58%	+31.37%	+0.21 pt
2024	+7.21%	+7.09%	+0.12 pt
2023	+11.58%	+11.67%	-0.09 pt
2022	-19.79%	-19.83%	+0.04 pt
2021	-0.24%	-0.28%	+0.05 pt
2020	+18.35%	+18.39%	-0.04 pt
2019	+17.45%	+17.64%	-0.18 pt
2018	-14.83%	-15.04%	+0.21 pt
2017	+36.98%	+36.84%	+0.14 pt
2016	+9.60%	+9.89%	-0.29 pt

Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)21.53%

Max drawdown-13.05%

Sharpe0.96

Sortino1.39

Last 3 years

Volatility (ann.)16.80%

Max drawdown-17.67%

Sharpe0.92

Sortino1.28

Last 5 years

Volatility (ann.)16.03%

Max drawdown-22.31%

Sharpe0.40

Sortino0.56

Last 10 years

Volatility (ann.)15.97%

Max drawdown-32.63%

Sharpe0.50

Sortino0.69

Full history

Volatility (ann.)16.28%

Max drawdown-34.34%

Sharpe0.48

Sortino0.66

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	21.53%	16.80%	16.03%	15.97%	16.28%
Max drawdown	-13.05%	-17.67%	-22.31%	-32.63%	-34.34%
Sharpe	0.96	0.92	0.40	0.50	0.48
Sortino	1.39	1.28	0.56	0.69	0.66

Computed from the issuer’s daily total-return series (base 100: for an accumulating class it coincides with the NAV, with more decimals), always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.25%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

4,152

Top-10 weight

34.2%

Top 10 holdings

TAIWAN SEMICONDUCTOR MANUFACTURING · 2330

13.68%

SAMSUNG ELECTRONICS LTD · 005930

6.61%

SK HYNIX · 000660

5.16%

TENCENT HOLDINGS · 700

2.40%

ALIBABA GROUP HOLDING · 9988

1.62%

MEDIATEK · 2454

1.60%

DELTA ELECTRONICS · 2308

0.83%

SAMSUNG ELECTRONICS NON VOTING PRE · 005935

0.82%

CHINA CONSTRUCTION BANK CORP H · 939

0.75%

HON HAI PRECISION INDUSTRY · 2317

0.69%

Sectors

Information Technology

41.3%

Financials

18.6%

Consumer Discretionary

7.6%

Industrials

7.6%

Materials

6.1%

Communication

5.5%

Health Care

3.4%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Top 7 countries

Taiwan28.6%

South Korea20.6%

China18.4%

India11.8%

Brazil3.5%

South Africa3%

Saudi Arabia2.2%

Breakdown computed by Rebalix by aggregating the full-precision per-position weights declared by the issuer. Cash and derivatives are not artificially attributed to a country. Values are not rescaled.

⬇ Download the published holdings — Excel, 4,152 rows

Holdings as published by iShares, holdings as at 30 September 2026: 4,152 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. How Rebalix verifies portfolio holdings →

StructureIn this sectionShare classes Exchanges

Share classes of the same fund

This page covers ISIN IE00BKM4GZ66. The other classes belong to the same fund but may differ in currency, income policy or currency hedging.

Share class	ISIN	Ticker	Income	Currency
USD (Dist)	IE00BD45KH83	EIMU	Distributing	USD
USD (Acc) · this page	IE00BKM4GZ66	EIMI	Accumulating	USD

Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BKM4GZ66EIMI(class: USD (Acc))

BG Saxozero within the savings plan (buys)
Directazero within the savings plan (buys)
Moneyfarmzero within the savings plan (buys), agreement until 31 March 2027
Moneyfarmzero on single buys from 1,000 €, agreement until 31 March 2027
XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

IE00BD45KH83IBC3(class: USD (Dist))

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 15 October 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Borsa Italiana (ETFplus)	EIMIfrom tax document	ESMA register (FIRDS)	24 Jul 2014
Börse Düsseldorf	IS3Nfrom mapping	ESMA register (FIRDS)	18 Jun 2014
Börse Frankfurt	IS3Nfrom mapping	ESMA register (FIRDS)	4 Jun 2014
Börse Hamburg	IS3Nfrom mapping	ESMA register (FIRDS)	1 Aug 2016
Börse Hannover	IS3Nfrom mapping	ESMA register (FIRDS)	28 Dec 2022
Börse München / gettex	IS3Nfrom mapping	ESMA register (FIRDS)	10 Oct 2014
Börse Stuttgart	IS3Nfrom mapping	ESMA register (FIRDS)	5 Jun 2014
Euronext Amsterdam	EMIMfrom tax document	ESMA register (FIRDS)	2 Jun 2014
London Stock Exchange	EMIMfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
SIX Swiss Exchange	EIMIfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
Tradegate Exchange	IS3Nfrom mapping	ESMA register (FIRDS)	24 May 2016
Xetra (Deutsche Börse)	IS3Nfrom tax document	ESMA register (FIRDS)	4 Jun 2014

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

Other exchanges on record · 1 · show

Exchange	Ticker	Exchange source	Registered since
Budapest Stock Exchange	not available	ESMA register (FIRDS)	6 Mar 2025

For these exchanges none of the listing sources Rebalix covers provides a ticker; the listing is known from the ESMA register (FIRDS) or declared by the issuer.

+ 8 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Frequently asked questions

Which index does iShares Core MSCI EM IMI UCITS ETF track?

The issuer iShares declares the benchmark: MSCI Emerging Markets IMI Index (Net).

How much does EIMI cost?

The issuer-declared TER is 0.18% per year; the transaction costs estimated in the KID are 0.04%.

How is EIMI taxed in Italy?

On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of EIMI?

The fund size declared by iShares is about 38.5 billion euro.

When was EIMI launched?

The fund was launched on 30 May 2014: it has 12 years of history.

How does EIMI replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).

Does EIMI pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

Where does EIMI trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 12 exchanges with a ticker available, including Borsa Italiana (ETFplus) (EIMI), Börse Düsseldorf (IS3N), Börse Frankfurt (IS3N), Börse Hamburg (IS3N), Börse Hannover (IS3N), Börse München / gettex (IS3N).

What was EIMI's worst fall?

Over the available history (since 2014), the maximum drawdown was -38.57%, reached in March 2020. Past performance is not indicative of future results.

What is EIMI's tracking difference?

Over the three most recent complete calendar years (2023–2025) the fund returned on average +0.08 percentage points per year versus its index: the annual mean of the differences, from issuer-declared series.

How many positions does EIMI publish?

The list published by the issuer and archived by Rebalix has 4,152 rows; the top 10 weigh 34.2%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

Transparency note

The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.

Do you represent the issuer? Report a correction or an update