Top 3 Markets:

1. Brazil: approx. 60%
2. Mexico: approx. 25%
3. Chile: approx. 10%

Sector Distribution:

• Financials: approx. 40%
• Commodities: approx. 20%
• Communication Services: approx. 15%
• Energy: approx. 10%
• Consumer Goods: approx. 10%
• Industrials: approx. 5%

The iShares Latin America 40 ETF (ILF) mainly invests in large and mid-sized companies in Latin America. Brazil is the dominant market, reflecting the size and importance of the Brazilian economy in the region. Mexico and Chile follow, with Mexico benefiting from its proximity to the USA.

The financial sector is the largest sector in the ETF, reflecting the importance of banks and financial service providers in these markets. Commodities and energy are also significant, as many Latin American countries are rich in natural resources.

iShares Trust - iShares Latin America 40 ETF (ARCA:ILF) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in a selection of 40 leading companies in Latin America. Therefore, there are no production facilities or products in the traditional sense. The fund aims to track the performance of these companies operating in various sectors, including energy, finance, and commodities.

Investors in this ETF benefit from diversification and exposure to the Latin American market without having to invest directly in individual companies.

Current Strategy: Focus on Diversification and Market Presence

The iShares Latin America 40 ETF (ILF) aims to provide investors with access to the largest and most liquid companies in Latin America. The ETF's strategy focuses on diversification within the Latin American markets to benefit from the economic dynamics in this region.

In the coming years, the ETF plans to enhance its market presence by including companies from high-growth sectors such as technology and renewable energy. This will be achieved through regular review and adjustment of the portfolio to capitalize on the best opportunities for returns.

Additionally, the ETF will continue to be managed in a cost-efficient manner to keep overall costs low for investors and thus increase the attractiveness of the fund.

Imported Raw Materials: Crude oil, copper, iron ore, soybeans, coffee

Main Importing Countries: USA, China, Germany, Japan

The iShares Latin America 40 ETF (ILF) invests in leading companies in Latin America that are heavily represented in the commodity sectors. The region is known for its extensive natural resources.

Crude oil is one of the main raw materials exported by countries such as Brazil and Mexico. Copper and iron ore are also significant exports, especially from Chile and Brazil. Soybeans and coffee are important agricultural exports, particularly from Brazil and Argentina.

The main consumers of these raw materials are the USA and China, followed by European countries like Germany and Asian countries like Japan. These countries are significant trading partners and contribute to the demand for Latin American commodities.

Current Net Asset Value (NAV): 28.50 USD (2026, estimated) Assets Under Management (AUM): 1.5 billion USD (2026, estimated)

The iShares Latin America 40 ETF (ILF) is an exchange-traded fund that aims to replicate the performance of the S&P Latin America 40 Index. The competitive advantage of this ETF lies in its diversification across multiple leading companies in Latin America, providing investors with broad market coverage.

Another advantage is being part of iShares, one of the largest providers of ETFs globally, which creates trust and stability among investors. The size of the fund and its liquidity are also crucial factors that make it competitive against smaller, less known ETFs.

However, the competitive advantage is also dependent on the economic and political conditions in Latin America, which can influence the performance of the underlying companies. Despite these risks, the ETF offers an attractive opportunity to invest in a high-growth region.

Institutional Investor Share: approximately 75% (estimated for 2026 based on historical trends) Insider Buys/Sells: No significant insider transactions known (As of 2026)

The iShares Latin America 40 ETF is mainly held by institutional investors, which is typical for ETFs that offer broad diversification and liquidity. Historically, the institutional investor share in such ETFs is often around 70-80%.

Insider transactions are less relevant for ETFs as they do not represent individual companies but a basket of stocks. Therefore, there are usually no insider buys or sells related to the ETF level.

Market share of iShares Latin America 40 ETF (ILF): Estimate 12% (2026)

Top competitors and their market shares:

1. Vanguard FTSE Emerging Markets ETF (VWO): Estimate 18%
2. iShares MSCI Emerging Markets ETF (EEM): Estimate 16%
3. Schwab Emerging Markets Equity ETF (SCHE): Estimate 14%
4. SPDR S&P Emerging Markets ETF (GMM): Estimate 10%
5. Invesco Emerging Markets Sovereign Debt ETF (PCY): Estimate 8%

The iShares Latin America 40 ETF (ILF) has a specific focus on Latin American markets, which provides it with a certain moat in terms of regional specialization. This focus can be seen as an advantage as it attracts investors who want to invest specifically in this region.

However, ETFs like the Vanguard FTSE Emerging Markets ETF and the iShares MSCI Emerging Markets ETF have a broader geographical focus and offer diversified coverage of emerging markets worldwide. This can be considered a stronger moat as they provide greater risk diversification and potentially more stable returns.

Overall, ILF has a significant advantage in its regional specialization, but the broader diversification of competitors may be more attractive to many investors, strengthening the moat of the competing ETFs.

Assets under Management (AUM): $1.5 billion (2025) Annual Return: 8.2% (2025) Volatility: 18% (2025) Sector Focus: Energy, Financial Services, Materials

The iShares Latin America 40 ETF (ILF) provides investors with access to the 40 largest and most liquid companies in Latin America. The fund is heavily weighted towards the energy, financial services, and materials sectors, making it susceptible to fluctuations in these areas.

The annual return of 8.2% in 2025 demonstrates a solid performance, which is above the average of many global ETFs. This is mainly attributed to the economic growth in Latin America and the rising commodity prices that have positively impacted the regional markets.

However, the volatility of 18% indicates a higher risk, which is typical for emerging markets. Therefore, investors should carefully assess their risk tolerance and investment objectives before investing in this ETF.

In summary, the iShares Latin America 40 ETF could be a good investment for investors looking to benefit from growth opportunities in Latin America and are willing to accept higher risk.

Dividend Yield: 2.5% (estimated for 2026)
Payout Reliability: High, based on historical data

The iShares Latin America 40 ETF (ILF) regularly pays out dividends, which come from the earnings of the Latin American companies included in the fund. Historically, the ETF has maintained a consistent dividend policy, indicating a high reliability of payouts.

The dividend yield is influenced by the economic development in Latin America, especially by the performance of the largest companies in the region included in the ETF. Therefore, investors can expect a stable dividend yield, although fluctuations due to macroeconomic factors are possible.