---
ticker: "FLN"
name: "First Trust Latin America AlphaDEX Fund"
url: "https://etf.net/etf/FLN"
grade: "D"
score: 26
graded_at: "2026-10-12"
category: "Emerging Markets Factor Index"
category_rank: "10 of 10"
methodology: "https://etf.net/methodology"
---

# FLN: First Trust Latin America AlphaDEX Fund

Grade **D**, Score 26 of 100. Rank 10 of 10 in Emerging Markets Factor Index.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 14 | 9 of 10 |
| Mission | 45 | 3 of 3 |
| Risk | 34 | 9 of 10 |
| Tradability | 40 | 6 of 10 |
| Holdings | 33 | 8 of 10 |
| Durability | 29 | 10 of 10 |

## Top holdings

The fund holds 54 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | BPAC11.SA | Banco BTG Pactual SA (Unit) | 4.01% |
| 2 | PETR4.SA | Petroleo Brasileiro S.A. (Petrobras) (Preference Shares) | 3.60% |
| 3 | KOFUBL.MX | Coca-Cola FEMSA, S.A.B. de C.V. | 3.43% |
| 4 | GGBR4.SA | Gerdau S.A. (Preferred Shares) | 3.34% |
| 5 | UGPA3.SA | Ultrapar Participacoes S.A. | 3.28% |
| 6 | FUNO11.MX | Fibra Uno Administracion, S.A. de C.V. | 3.14% |
| 7 | VBBR3.SA | Vibra Energia SA | 3.13% |
| 8 | TIMS3.SA | Tim S.a. | 3.12% |
| 9 | ENEV3.SA | Eneva S.a. | 2.84% |
| 10 | ITSA4.SA | Itausa S.A. (Preference Shares) | 2.82% |
| 11 | CMIG4.SA | Companhia Energetica de Minas Gerais-CEMIG (Preference) | 2.74% |
| 12 | BAP | Credicorp Ltd. | 2.73% |
| 13 | COPEC.SN | Empresas Copec S.A. | 2.62% |
| 14 | VIVT3.SA | Telefonica Brasil S.A. | 2.57% |
| 15 | RENT3.SA | Localiza Rent a Car S.A. | 2.55% |
| 16 | — | Enel Chile SA | 2.55% |
| 17 | — | US Dollar | 2.47% |
| 18 | ITAUCL.SN | Banco Itau Chile SA | 2.45% |
| 19 | SUZB3.SA | Suzano SA | 2.44% |
| 20 | PINFRA.MX | Promotora y Operadora de Infraestructura, S.A.B. de C.V. | 2.34% |
| 21 | MOTV3.SA | Motiva Infraestrutura de Mobilidade SA | 2.32% |
| 22 | EMBJ3.SA | Embraer SA | 2.31% |
| 23 | PSSA3.SA | Porto Seguro S.A. | 2.13% |
| 24 | CPLE3.SA | Companhia Paranaense de Energia-Copel | 2.09% |
| 25 | AMXB.MX | America Movil, S.A.B. de C.V. (Class B) | 2.05% |
| 26 | CEMEXCPO.MX | CEMEX, S.A.B. de C.V. (Unit) | 2.04% |
| 27 | BBAS3.SA | Banco do Brasil S.A. | 2.02% |
| 28 | PRIO3.SA | Petro Rio S.A. | 2.00% |
| 29 | — | Falabella SA | 1.93% |
| 30 | GFNORTEO.MX | Grupo Financiero Banorte, S.A.B. de C.V. | 1.71% |

Source: etf.net, https://etf.net/etf/FLN. Please cite the page URL.