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
$ 3.3 B
ASSETS UNDER MGMT
47 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 +
| NU HOLDINGS LTD. CLASS A | 7.2 % |
| PETROLEO BRASILEIRO-SPON ADR | 7.0 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 6.7 % |
| PETROLEO BRASILEIRO S.A.-ADR | 6.7 % |
| VALE SA-SP ADR | 6.4 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 6.3 % |
| GRUPO FINANCIERO BANORTE-O | 4.9 % |
| CREDICORP LTD | 3.9 % |
| FOMENTO ECONOMICO MEXICANO SAB DE CV UNI | 3.8 % |
| AMERICA MOVIL B | 3.6 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 440 |
| Wgt avg mkt cap (mns) | $41,823 |
| Large cap (>$10bn) | 89.0% |
| Mid cap ($2-10bn) | 5.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 11.8% |
| Emerging mkts. | 85.0% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 45.5 % |
 |
MEXICO | 26.1 % |
 |
CHILE | 7.3 % |
 |
CAYMAN ISLANDS | 7.2 % |
 |
PERU | 3.9 % |
 |
UNITED STATES | 2.7 % |
 |
COLOMBIA | 1.3 % |
 |
LUXEMBOURG | 1.2 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.3% | 19.4% | 15.4% | 10.5% | 5.4% | 2.1% | 1.0% | 5.9% |
| Dividend Yield | 0.0% | 2.9% | 5.1% | 5.4% | 7.5% | 4.9% | 3.7% | 3.4% |
| Total Returns | 13.3% | 22.3% | 20.5% | 15.9% | 12.9% | 7.0% | 4.7% | 9.3% | Ann. Volatility | 24.1% | 22.9% | 21.7% | 20.8% | 22.9% | 28.2% | 32.3% | 31.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 32% |
| MSCI EAFE | 1.04 | 52% |
| MSCI Emg Mkts | 0.58 | 41% |
Liquidity Measures
| Avg. volume (000) | 3,030 |
| ADV traded (mns) | $97 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $35.17 |
| Relative strength (RSI) | 37 |
| MACD/Signal | -1.04/-0.39 |
| Bollinger Bands (Upper/Lower) | $40.77/$31.09 |
| Short interest (% of AUM) | 0.9% |
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 | 36.4% | +28 bp | +3.8% |
| FLLA | Franklin FTSE Latin America ETF | 30.4% | -28 bp | +0.2% |
| OTGL | OTG Latin America ETF | 27.6% | +48 bp | -0.8% |
| FLMX | Franklin FTSE Mexico ETF | 24.5% | -28 bp | -3.4% |
| EWW | iShares MSCI Mexico ETF | 24.5% | +3 bp | -3.7% |
| EWZ | iShares MSCI Brazil ETF | 20.4% | +12 bp | +2.7% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 18.2% | +28 bp | -3.4% |
| FLN | First Trust Latin America AlphaDEX Fund | 16.6% | +33 bp | -0.4% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 13.3% | +28 bp | -2.9% |
| ICOP | iShares Copper and Metals Mining ETF | 11.6% | 0 bp | -5.9% |
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 11/6/2026
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
12.0%
ALTAR SCORE™
94th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. ILF's ALTAR Score™ is approximately 1.5 standard
deviations above the category average. This places ILF in the 94th percentile
among funds in the category.
Sell-Side Consensus
$38.5
PRICE TARGET
+20.8%
UPSIDE