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
$ 4.9 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 | 8.2 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 7.1 % |
| PETROLEO BRASILEIRO-SPON ADR | 6.2 % |
| PETROLEO BRASILEIRO S.A.-ADR | 5.8 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 5.3 % |
| GRUPO FINANCIERO BANORTE-O | 4.0 % |
| AMERICA MOVIL B | 3.5 % |
| CREDICORP LTD | 3.3 % |
| BANCO BRADESCO-ADR | 3.1 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 431 |
| 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. | 10.6% |
| Emerging mkts. | 83.6% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 50.9 % |
 |
MEXICO | 21.8 % |
 |
CAYMAN ISLANDS | 8.2 % |
 |
CHILE | 6.7 % |
 |
PERU | 3.3 % |
 |
UNITED STATES | 2.2 % |
 |
COLOMBIA | 1.1 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.7% | 50.8% | 11.8% | 14.2% | 5.2% | 3.5% | 1.2% | 6.1% |
| Dividend Yield | 0.0% | 7.3% | 6.5% | 6.3% | 7.8% | 5.1% | 3.7% | 3.5% |
| Total Returns | 16.7% | 58.1% | 18.3% | 20.5% | 13.0% | 8.6% | 4.9% | 9.6% | Ann. Volatility | 30.6% | 23.6% | 21.4% | 20.8% | 23.2% | 28.6% | 32.6% | 31.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 38% |
| MSCI EAFE | 1.00 | 56% |
| MSCI Emg Mkts | 0.91 | 61% |
Liquidity Measures
| Avg. volume (000) | 3,254 |
| ADV traded (mns) | $116 |
| Turnover | 2.4% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $36.33 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.61/0.69 |
| Bollinger Bands (Upper/Lower) | $39.22/$34.14 |
| 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 | 40.1% | +27 bp | +0.4% |
| FLLA | Franklin FTSE Latin America ETF | 31.0% | -29 bp | +0.8% |
| OTGL | OTG Latin America ETF | 28.5% | +221 bp | -1.8% |
| EWZ | iShares MSCI Brazil ETF | 23.8% | +10 bp | +0.5% |
| FLMX | Franklin FTSE Mexico ETF | 20.2% | -29 bp | -0.1% |
| EWW | iShares MSCI Mexico ETF | 20.2% | +2 bp | -0.6% |
| FLN | First Trust Latin America AlphaDEX Fund | 18.4% | +32 bp | +0.4% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 15.5% | +27 bp | -2.3% |
| FLBR | Franklin FTSE Brazil ETF | 13.3% | -29 bp | +1.3% |
| GPT | Intelligent Alpha Atlas ETF | 10.9% | +21 bp | -2.1% |
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 4/30/2026
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
9.6%
ALTAR SCORE™
80th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 202 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.8% and a standard deviation
of 2.3%. ILF's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places ILF in the 80th percentile
among funds in the category.
Sell-Side Consensus
$37.88
PRICE TARGET
+6.2%
UPSIDE