Key stats
About iShares Currency Hedged MSCI Emerging Markets ETF
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Inception date
Sep 23, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ISIN
US46434G5099
HEEM offers currency-hedged exposure to a broad basket of emerging-market stocks. The fund piggybacks on iShares' hugely popular EEM. In fact, HEEM simply holds the same stocks as EEM and overlays that position with currency contracts to hedge out its currency exposure to the US dollar. The index is 100% hedged to US dollars by selling each foreign currency forward at the one-month forward weight, while the amount is kept constant during the period. Outside of the currency-hedge, HEEM's exposure is vanilla. It's worth noting that this fund defines Korea as an emerging market, so that country is represented in this portfolio. The index is rebalanced monthly on the last trading day, to take into account the effect of the rolling one-month forward contracts.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.85%
Mutual fund1.98%
Cash−1.83%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HEEM invests in funds. The fund's major sectors are ETF, with 99.85% stocks, and Mutual fund, with 1.98% of the basket. The assets are mostly located in the North America region.
HEEM last dividends amounted to 0.28 USD. Six months before that, the issuer paid 0.46 USD in dividends, which shows a 63.62% decrease.
HEEM assets under management is 184.42 M USD. It's risen 4.83% over the last month.
HEEM fund flows account for −11.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HEEM pays dividends to its holders with the dividend yield of 2.24%. The last dividend (Jul 8, 2025) amounted to 0.28 USD. The dividends are paid semi-annually.
HEEM shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Sep 23, 2014, and its management style is Passive.
HEEM expense ratio is 0.72% meaning you'd have to pay 0.72% of your investment to help manage the fund.
HEEM follows the MSCI EM 100% Hedged to USD Net Variant. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HEEM invests in funds.
HEEM price has risen by 6.54% over the last month, and its yearly performance shows a 16.93% increase. See more dynamics on HEEM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.11% over the last month, showed a 11.74% increase in three-month performance and has increased by 21.80% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.11% over the last month, showed a 11.74% increase in three-month performance and has increased by 21.80% in a year.
HEEM trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.