Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: Exits IEMG Stake

Fjarde Ap-Fonden /Fourth Swedish National Pension Fund has completely exited its investment in iShares Core MSCI Emerging Markets ETF (NYSEArca: IEMG), according to a Form 13F filing disclosed with the SEC on October 15, 2026. Because 13F filings look backward at portfolio choices made during the previous quarter, this update shows the fund's holdings as of that past period and might not match its current market stance.## Inside Fjarde Ap-Fonden's IEMG Trade

The fund sold out of the emerging markets fund entirely during the period, cutting its stake by 100.0%. Fjarde Ap-Fonden parted ways with all 4,165,043 shares it owned, bringing its final share count down to zero. Institutional moves like this show portfolio adjustments made over the course of the quarter, though they do not give a window into day-to-day trading activity.

iShares Core MSCI Emerging Markets ETF Stock Down 1.6%

The exchange-traded fund recently traded around $76.83 as of October 16, 2026. The stock sits about 5.7% below its 50-day moving average of $81.44 and roughly 1.0% below its 200-day moving average of $77.60. Over the past year, shares have moved between a low of $64.67 and a high of $86.49, putting the recent price about 11.2% below its 52-week peak.

Dividend

The fund carries a dividend yield of about 2.21%. Income-focused investors often look to emerging market funds for yield, though payouts can vary depending on underlying index distributions.

About iShares Core MSCI Emerging Markets ETF

iShares Core MSCI Emerging Markets ETF focuses on tracking a benchmark index made up of large-, mid-, and small-cap stocks across global emerging markets. The fund typically invests the vast majority of its assets in component securities that match the characteristics of its target index, giving investors broad exposure to developing international economies without having to buy foreign stocks individually.

Bottom Line

Fjarde Ap-Fonden's complete exit leaves its portfolio without exposure to this specific emerging markets vehicle. Investors tracking institutional sentiment will want to watch subsequent 13F filings to see how major pensions adjust their international asset allocations in future quarters. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.