---
ticker: "ILF"
name: "iShares Latin America 40 ETF"
url: "https://etf.net/etf/ILF"
grade: "B"
score: 63
graded_at: "2026-10-12"
category: "Emerging Markets Stocks"
category_rank: "9 of 22"
methodology: "https://etf.net/methodology"
---

# ILF: iShares Latin America 40 ETF

Grade **B**, Score 63 of 100. Rank 9 of 22 in Emerging Markets Stocks.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 64 | 8 of 22 |
| Mission | 63 | 14 of 17 |
| Risk | 45 | 14 of 22 |
| Tradability | 100 | 1 of 22 |
| Holdings | 28 | 17 of 19 |
| Durability | 91 | 1 of 22 |

## Top holdings

The fund holds 50 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | NU | Nu Holdings Class A | 8.61% |
| 2 | ITUB | Itau Unibanco Holding Adr Rep Pre | 7.70% |
| 3 | PBR.A | Petroleo Brasileiro Adr Reptg Pre | 6.95% |
| 4 | PBR | Petroleo Brasileiro Adr Reptg SA | 6.60% |
| 5 | VALE | Vale Adr Representing One | 6.53% |
| 6 | GMEXICOB.MX | Grupo Mexico B | 5.79% |
| 7 | BAP | Credicorp Ltd | 3.63% |
| 8 | GFNORTEO.MX | Gpo Finance Banorte | 3.55% |
| 9 | BBD | Banco Bradesco Adr Reptg Pref | 3.37% |
| 10 | B3SA3.SA | B3 Brasil Bolsa Balcao SA | 3.32% |
| 11 | FEMSAUBD.MX | Fomento Economico Mexicano | 2.80% |
| 12 | SCCO | Southern Copper Corp | 2.72% |
| 13 | AMXB.MX | America Movil B | 2.70% |
| 14 | ITSA4.SA | Itausa Investimentos Itau Pref SA | 2.70% |
| 15 | SBSP3.SA | Companhia De Saneamento Basico De | 2.24% |
| 16 | WEGE3.SA | Weg | 2.19% |
| 17 | CEMEXCPO.MX | Cemex Cpo | 2.03% |
| 18 | BBAS3.SA | Banco Do Brasil SA | 1.99% |
| 19 | ABEV | Ambev Adr Representing One SA | 1.87% |
| 20 | WALMEX.MX | Walmart De Mexico V | 1.79% |
| 21 | AXIA3.SA | Axia Energia SA | 1.70% |
| 22 | FALABELLA.SN | Falabella Saci | 1.54% |
| 23 | CIB | Grupo Cibest American Depositary’s | 1.45% |
| 24 | CHILE.SN | Banco De Chile | 1.35% |
| 25 | RDOR3.SA | Rede Dor Sao Luiz SA | 1.33% |
| 26 | RENT3.SA | Localiza Rent A Car | 1.33% |
| 27 | SQM | Sociedad Quimica Y Minera De Chile | 1.28% |
| 28 | LTM.SN | Latam Airlines Group | 1.20% |
| 29 | PAC | Grupo Aeroportuario Del Pacifico A | 1.15% |
| 30 | TIGO | Millicom International Cellular | 1.03% |

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