ILF
iShares Latin America 40 ETF
The iShares S&P Latin America 40 Index fund seeks investment results that correspond to the price and yield performance of Standard & Poor's Latin America 40 Index. The index consists primarily of large cap stocks traded in the Mexican and South American equity markets.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 4.4 B
ASSETS UNDER MGMT
48 bp
EXPENSES
Fund Basics
| Inception date | Oct 25, 2001 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VALE SA-SP ADR | 9.1 % |
| NU HOLDINGS LTD. CLASS A | 7.8 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 6.7 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 6.0 % |
| PETROLEO BRASILEIRO-SPON ADR | 5.8 % |
| PETROLEO BRASILEIRO S.A.-ADR | 5.5 % |
| GRUPO FINANCIERO BANORTE-O | 3.9 % |
| AMERICA MOVIL B | 3.6 % |
| CREDICORP LTD | 3.6 % |
| FOMENTO ECONOMICO MEXICANO SAB DE CV UNI | 3.2 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 480 |
| Wgt avg mkt cap (mns) | $34,560 |
| Large cap (>$10bn) | 88.5% |
| Mid cap ($2-10bn) | 5.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 11.1% |
| Emerging mkts. | 89.4% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 48.3 % |
 |
MEXICO | 23.2 % |
 |
CAYMAN ISLANDS | 7.8 % |
 |
CHILE | 7.2 % |
 |
PERU | 3.6 % |
 |
UNITED STATES | 2.5 % |
 |
COLOMBIA | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.7% | 38.2% | 13.6% | 12.3% | 2.7% | 4.0% | 1.4% | 6.0% |
| Dividend Yield | 0.0% | 6.7% | 6.6% | 6.2% | 7.6% | 5.1% | 3.8% | 3.4% |
| Total Returns | 14.7% | 44.9% | 20.3% | 18.5% | 10.3% | 9.1% | 5.2% | 9.4% | Ann. Volatility | 26.9% | 21.6% | 21.7% | 20.8% | 23.2% | 28.4% | 32.5% | 31.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 34% |
| MSCI EAFE | 1.03 | 51% |
| MSCI Emg Mkts | 0.79 | 52% |
Liquidity Measures
| Avg. volume (000) | 2,846 |
| ADV traded (mns) | $99 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $35.59 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.32/-0.30 |
| Bollinger Bands (Upper/Lower) | $36.89/$34.13 |
| Short interest (% of AUM) | 1.3% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ILF |
Expenses vs. ILF |
ALTAR Score™ vs. ILF |
|---|---|---|---|---|
| BRAZ | Global X Brazil Active ETF | 38.5% | +27 bp | +1.2% |
| FLLA | Franklin FTSE Latin America ETF | 30.3% | -29 bp | +0.8% |
| OTGL | OTG Latin America ETF | 28.3% | +221 bp | -2.1% |
| EWZ | iShares MSCI Brazil ETF | 22.1% | +10 bp | +1.1% |
| FLMX | Franklin FTSE Mexico ETF | 21.7% | -29 bp | -0.8% |
| EWW | iShares MSCI Mexico ETF | 21.7% | +2 bp | -1.2% |
| FLN | First Trust Latin America AlphaDEX Fund | 18.9% | +32 bp | +0.6% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 14.8% | +27 bp | -3.6% |
| FLBR | Franklin FTSE Brazil ETF | 11.9% | -29 bp | +1.8% |
| ICOP | iShares Copper and Metals Mining ETF | 11.3% | -1 bp | -5.2% |
Risk and Returns: ILF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.9%
ALTAR SCORE™
88th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. ILF's ALTAR Score™ is approximately 1.2 standard
deviations above the category average. This places ILF in the 88th percentile
among funds in the category.
Sell-Side Consensus
$38.32
PRICE TARGET
+9.6%
UPSIDE