iShares Emerging Markets Dividend ETF

iShares Emerging Markets Dividend ETF (DVYE) tracks the Dow Jones Emerging Markets Select Dividend Index. That index holds 100 high-yielding companies in countries such as Brazil, China and Taiwan. Its trailing 12-month yield was 5.17% as of October 27, 2026, and it pays quarterly. Its 0.49% fee is close to the 0.50% average of similar funds, but a broad emerging markets fund such as SCHE charges 0.11%.

• Over the year to Oct 27, 2026, DVYE returned +16.3%, 2nd of 7 among similar funds.
• Its 5-year annualized return was +5.3% and its 10-year +6.6%.
• In the 2020 COVID crash it fell 34% and regained its old high 8.8 months after the low.
• Its worst full calendar year was 2022 (-31.3%); its best was 2025 (+28.3%).
• The deepest fall in its price history was 47.4% (Jan 2, 2013 to Jan 21, 2016), recovered by Jan 26, 2018.

As of Jul 31, 2026, the fund held 123 securities; the ten largest made up 27.69% of assets.

• Over the three months to Jul 31, 2026, investors withdrew a net $63.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -1.73%, -3.82%, +6.28%.

BlackRock runs the fund to follow an index built by S&P Dow Jones Indices. The index starts with the S&P Emerging BMI, a broad emerging markets index, and leaves out real estate investment trusts. To qualify, a company must have paid dividends in each of the past three years and had non-negative earnings over the last 12 months. It must also be worth at least $250 million in shares available to trade and trade enough each day. The index then ranks these companies by indicated annual dividend yield, which is the expected regular dividend divided by the share price, leaving out one-off special dividends. The top 100 are picked, with no more than 30 from any one country.

Company size alone does not set the weights. Each stock's yield, capped at 15%, is multiplied by the square root of its market value, so higher yielders get more weight. One stock can be at most 10% of the index, one country 25% and one sector 30%. The index is rebuilt once a year and trimmed during the year if its largest positions grow too big.

BlackRock uses "representative sampling": it buys a mix of securities meant to behave like the index instead of copying it exactly. As of July 31, 2026, the fund held 123 issuers and a small emerging markets futures position. It may lend out up to one-third of its assets. Its portfolio turnover was 55%.

• DVYE charges 0.49% a year, versus an average of 0.5% for the similar funds below (3rd of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).

It offers a high yield and markets outside the US, but its deep, slow-to-recover drops make it better as a small part of a portfolio than its center.

DVYE can add quarterly income, with a trailing yield of 5.17% as of October 27, 2026, plus exposure to Brazil, China and Taiwan. The cost of that income is large swings. The fund lost 34% in the 2020 COVID crash and was back at its old high by December 2020. In 2022 it fell 40.8% from February to September and did not regain that peak until July 2025, about 33 months after the low. Its deepest drop was 47.4%, from January 2013 to January 2016. Its worst calendar year was 2022, at -30.73%. It launched in 2012, so it has no 2008 record. A retiree who had to sell in years like these would lock in losses, and dividends can be cut. Under the SEC example, the 0.49% fee costs $50 in the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).