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.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 25, 2001 |
| Assets (mns) | $1,631 |
| 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 +
| VALE SA-SP ADR | 8.9 % |
| PETROLEO BRASILEIRO-SPON ADR | 7.2 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 6.5 % |
| NU HOLDINGS LTD. CLASS A | 6.0 % |
| PETROLEO BRASILEIRO S.A.-ADR | 6.0 % |
| GRUPO FINANCIERO BANORTE-O | 5.7 % |
| FOMENTO ECONOMICO MEXICANO SAB DE CV UNI | 4.9 % |
| WALMART DE MEXICO-SER V | 4.1 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 4.1 % |
| BANCO DO BRASIL SA | 3.4 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 436 |
| Wgt avg mkt cap (mns) | $37,746 |
| Large cap (>$10bn) | 78.5% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 8.2% |
| Emerging mkts. | 91.8% |
Country Exposure
 |
BRAZIL | 52.1 % |
 |
MEXICO | 25.1 % |
 |
CAYMAN ISLANDS | 6.0 % |
 |
CHILE | 5.4 % |
 |
PERU | 2.5 % |
 |
COLOMBIA | 2.0 % |
 |
UNITED STATES | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -3.3% | 23.3% | 4.7% | 9.3% | 2.7% | 1.6% | 11.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 38% |
| MSCI EAFE | 0.95 | 38% |
| MSCI Emg Mkts | 0.80 | 29% |
Liquidity Measures
| Avg. volume (000) | 970 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $1,706 |
Technical Indicators
| Recent close | $27.30 |
| 30d moving avg. | $27.60 |
| Annualized volatility | 26.1% |
| Relative strength (RSI) | 68 |
| Short interest (ETF) | 2.0% |
| Short interest (underlying) | 0.0% |
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 | 39.9% | +27 bp | 0.0% |
| FLLA | Franklin FTSE Latin America ETF | 30.6% | -29 bp | +1.4% |
| FLMX | Franklin FTSE Mexico ETF | 25.1% | -29 bp | +0.6% |
| EWW | iShares MSCI Mexico ETF | 25.1% | +2 bp | -0.6% |
| EWZ | iShares MSCI Brazil ETF | 16.3% | +10 bp | +1.5% |
| FLBR | Franklin FTSE Brazil ETF | 16.0% | -29 bp | +2.1% |
| FLN | First Trust Latin America AlphaDEX Fund | 14.9% | +32 bp | +0.7% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 14.8% | +27 bp | -0.6% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 10.1% | +22 bp | +1.2% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 4/22/2024
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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
ILF
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ILF
10.2%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.2% |
Recommendation
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.
Category Overview
There are 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
3.8%. ILF's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places ILF in the 74th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ILF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ILF | 48.0 | 3.9 | 51.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .