Summary
iShares Latin America 40 ETF is an ETF - a fund traded on an exchange like a stock - run by IShares. Positions inside: 49. The ten largest make up 55% of the fund.
- Yearly costs
- 0.47%
- Fund size
- $3.36B
- Positions
- 49
- Dividend yield
- 3.05%
- Running since
- 2001
What speaks for it
- A large fund with $3.36B under management.
- Easy to buy and sell: about $82.7M changes hands a day.
- It has been running since 2001.
What to watch
- The ten largest positions make up 55% of the fund, so its result rests on a few names.
- In the last five years its price once dropped by 36% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -14%
- 3 months
- -7.2%
- This year
- +5.6%
- 1 year
- +6.2%
- 3 years
- +22%
- 5 years
- +27%
- 10 years
- +2.1%
- Avg. market cap
- $53.1B
- P/E
- 9.1x
- Forward P/E
- 8.9x
- P/S
- 1.2x
- P/B
- 1.9x
- P/FCF
- 5.8x
- EV/EBITDA
- 4.9x
- Dividend yield
- 3.52%
- ROIC
- -38.2%
- ROE
- 24.9%
- Gross margin
- 43.0%
- Operating margin
- 26.0%
- Net margin
- 21.9%
- Payout ratio
- 32.2%
- Net debt/EBITDA
- 1.2x
- Beta
- 0.93
Weighted average of the 41 largest companies, which make up 99% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 NUNu NU 7.5%
- 2 ITItaú Unibanco Holding S.A. ITUB 6.6%
- 3 VAVale VALE 6.6%
- 4 PBPetróleo Brasileiro S.A. - Petrobras PBR-A 6.2%
- 5 GMGrupo México, S.A.B. de C.V. GMEXICOB.MX 6.1%
- 6 PBPetróleo Brasileiro PBR 5.9%
- 7 GFGrupo Financiero Banorte, S.A.B. de C.V. GFNORTEO.MX 4.6%
- 8 BACredicorp BAP 4.0%
- 9 AMAmérica Móvil, S.A.B. de C.V. AMXB.MX 3.8%
- 10 FEFomento Económico Mexicano, S.A.B. de C.V. FEMSAUBD.MX 3.6%
Positions in the fund: 49. The ten largest make up 55% of it.
Composition as of Nov 6, 2026.
Where is it spread?
Spread outBy sector
- Energy 14%
- Industrials 6.5%
- Utilities 3.9%
- Real estate 0.8%
- Other 74%
By country
- Brazil 53%
- Mexico 28%
- Chile 7.4%
- Peru 6.9%
- Other countries 5.1%
By company size
- Large cap 96%
- Mid cap 4.0%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Energy (14%). Largest country: Brazil (53%). Largest size group: Large cap (96%).
What does it cost me?
Usual costs- A year from $10,000
- $47.00
- Over 20 years
- $2,277
From every $10,000 invested the fund takes $47.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,277.
How has it done?
Growing slowly- A year on average, 10 years
- +0.2%
- Deepest drop
- -36%
- Yearly volatility
- 27%
Average yearly growth over the last ten years: 0.2%. Deepest drop in these years: 36% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.05%
- Payments a year
- 2
- Last payment
- $0.44
Over the last 12 months it paid $0.98 per share, which is 3.05% of today's price. The last payment was $0.44 on Jun 15, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $82.7M
- Shares a day
- 2.6M
On an average day about $82.7M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 9.1
- Average Bulios Score
- 69 out of 100
Weight by Bulios Fair Price
- Undervalued 45%
- Fairly valued 16%
- Overvalued 38%
On average the companies inside trade for 9.1 times their yearly profit. By Fair Price, 45% of the rated weight comes out as undervalued.
Counted from its largest companies (41), which make up 99% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IU IUSC.DE iShares MSCI EM Latin America UCITS ETF USD | Ireland | 0.20% | $1.29B | +12% | Pays out | 45% |
FL FLXB.DE Franklin FTSE Brazil UCITS ETF USD | Ireland | 0.19% | $57.2M | +13% | Reinvests | 43% |
10 105010.KS TIGER Latin | South Korea | 0.49% | $5.81M | +2.6% | Pays out | 37% |
FL FLLA Franklin FTSE Latin America ETF | United States | 0.19% | $41.0M | +5.6% | Pays out | 36% |
BR BRAZ Global X - Brazil Active ETF | United States | 0.75% | $9.07M | -0.1% | Pays out | 35% |
OT OTGL OTG Latin America ETF | United States | 0.95% | $19.9M | +1.3% | Pays out | 29% |