Key Highlights

  • The fund tracks 40 of the largest equities across Latin America.
  • NU Holdings, Itau Unibanco and Vale rank among the largest positions by market value.
  • The expense ratio is 0.47 percent, with semi-annual distributions.
  • Net Assets were about $3.4 billion as of November 11, 2026.

The iShares Latin America 40 ETF (NYSEARCA:ILF) closed at $32.48 on November 11, 2026, with net assets of about $3.4 billion. The fund seeks to track an index composed of 40 of the largest Latin American equities, offering a regional view of the market through one holding. Its portfolio reflects the weight of banks, Mining companies and energy producers within the economies it covers.

Ticker and exchange

ILF, NYSE Arca

Benchmark index

S&P Latin America 40 (Net)

Net asset value

$32.50 (Nov 11, 2026)

Daily NAV change

Up $0.13 (0.39%)

Net assets

$3,396,353,248

Number of holdings

41

Expense ratio

0.47%

30-day SEC yield

1.68%

Distribution frequency

Semi-annual

Fund inception

October 25, 2001

A Regional Approach

The index behind ILF selects large and liquid companies from Latin American markets, which means the fund covers several countries rather than one. Because the constituents trade in different currencies and respond to local policy decisions, the fund is exposed to currency movements as well as to the operating performance of its companies.

The portfolio holds 41 positions. That relatively small number gives each company a meaningful share of the fund, so the largest holdings have a considerable effect on its overall direction.

Largest Holdings and Sector Mix

NU Holdings accounts for about 7.61 percent of market value, followed by Itau Unibanco at 6.61 percent and Vale at 6.55 percent. Grupo Mexico holds roughly 6.17 percent, while Petroleo Brasileiro appears in both its common and preferred share classes, together making up more than 11 percent of the fund.

Financials, materials and energy make up a large part of the portfolio. Telecommunications companies such as America Movil and consumer staples producers such as Fomento Economico Mexicano also appear among the top holdings, adding variety to the sector mix.

Trading and Distribution Details

About 1.30 million shares traded on November 11, 2026, compared with a 30-day Average Daily Volume of roughly 2.86 million shares. The 30-day median bid-ask spread was 0.03 percent, and the fund had 104.5 million shares outstanding.

The fund pays distributions twice a year, with the June 2026 payment totaling $0.439247 per share. The 30-day SEC Yield was 1.68 percent, and the 12-month trailing yield was 3.67 percent, both reported at the end of October 2026. Yield figures for funds that hold international companies can differ widely depending on the Withholding taxes applied in each country.

Final Word

ILF offers a route into 40 large Latin American companies, with a portfolio concentrated in banking, mining, energy and telecommunications. Its 0.47 percent expense ratio, semi-annual distributions and international structure shape the fund's cost and income profile. Results will depend on regional economic conditions, currency movements and the policy decisions of governments in the countries the fund covers.