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
$ 3.2 B
ASSETS UNDER MGMT
48 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 25, 2001 |
| Assets (mns) | $3,207 |
| Expense ratio | 48 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| 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 | 10.8 % |
| VALE SA-SP ADR | 8.9 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 6.9 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 5.8 % |
| PETROLEO BRASILEIRO-SPON ADR | 4.5 % |
| GRUPO FINANCIERO BANORTE-O | 4.3 % |
| PETROLEO BRASILEIRO S.A.-ADR | 4.0 % |
| CREDICORP LTD | 3.7 % |
| CEMEX SAB-CPO | 3.2 % |
| BANCO BRADESCO-ADR | 3.2 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 453 |
| Wgt avg mkt cap (mns) | $34,468 |
| Large cap (>$10bn) | 88.1% |
| Mid cap ($2-10bn) | 5.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 13.9% |
| Emerging mkts. | 81.1% |
Country Exposure
 |
BRAZIL | 45.4 % |
 |
MEXICO | 23.9 % |
 |
CAYMAN ISLANDS | 10.8 % |
 |
CHILE | 7.7 % |
 |
PERU | 3.7 % |
 |
UNITED STATES | 2.5 % |
 |
COLOMBIA | 1.2 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 45.6% | 45.6% | 2.4% | 10.0% | 0.7% | 3.7% | 1.1% | 5.5% |
| Dividend Yield | 7.0% | 7.0% | 6.0% | 6.1% | 7.5% | 5.1% | 3.7% | 3.5% |
| Total Returns | 52.6% | 52.6% | 8.3% | 16.0% | 8.2% | 8.8% | 4.8% | 9.0% | Ann. Volatility | 20.7% | 20.7% | 19.4% | 20.2% | 23.2% | 28.9% | 32.6% | 31.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 36% |
| MSCI EAFE | 0.89 | 50% |
| MSCI Emg Mkts | 0.82 | 48% |
Liquidity Measures
| Avg. volume (000) | 3,232 |
| ADV traded (mns) | $111 |
| Turnover | 3.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $31.05 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 0.61/0.50 |
| Bollinger Bands (Upper/Lower) | $32.83/$29.54 |
| Short interest (% of AUM) | 1.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 40.5% | +27 bp | +8.6% |
| FLLA | Franklin FTSE Latin America ETF | 31.2% | -29 bp | +9.8% |
| OTGL | OTG Latin America ETF | 26.1% | +221 bp | +6.3% |
| EWZ | iShares MSCI Brazil ETF | 26.1% | +10 bp | +9.7% |
| FLN | First Trust Latin America AlphaDEX Fund | 21.9% | +32 bp | +9.7% |
| FLMX | Franklin FTSE Mexico ETF | 21.4% | -29 bp | +8.7% |
| EWW | iShares MSCI Mexico ETF | 21.4% | +2 bp | +8.2% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 14.8% | +27 bp | +8.2% |
| FLBR | Franklin FTSE Brazil ETF | 12.3% | -29 bp | +10.9% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 12.3% | +27 bp | +8.0% |
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 1/23/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
ILF
9.0%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 149 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
2.3%. ILF's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places ILF in the 71st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ILFSELL
U/W
HOLD
O/W
BUY