Overview
40 largest Latin American companies. Brazil and Mexico combined at 65%+. Petrobras, Vale, and FEMSA among top holdings. Highest dividend yield in the regional ETF universe. Heavy commodity and currency risk.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| PBR | Petrobras S.A. | 14.8% |
| VALE3 | Vale S.A. | 12.4% |
| FEMSA | Fomento Economico | 8.4% |
| WEGE3 | WEG S.A. | 6.8% |
| BIMBOA | Grupo Bimbo | 5.8% |
| ITUB4 | Itau Unibanco | 5.4% |
| ABEV3 | Ambev S.A. | 4.8% |
| AMXL | America Movil | 4.4% |
| B3SA3 | B3 S.A. | 3.8% |
| GMEXICOB | Grupo Mexico | 3.4% |
Fund Details
Investment Thesis
ILF provides the broadest single-fund exposure to Latin America's 40 largest companies, spanning Brazil's commodity giants and consumer champions through Mexico's industrial conglomerates. The fund offers some of the highest dividend yields of any major ETF, driven primarily by Petrobras's mandatory dividend policy and Brazilian state-affiliated bank distributions. Latin America's economic outlook is heavily commodity-driven — when oil and iron ore prices rise, ILF captures amplified equity gains. BRL and MXN currency movements can significantly impact USD returns.
Who It's For
Contrarian emerging market investors comfortable with Latin American political risk, commodity cycle dependency, and significant BRL/MXN currency exposure. ILF suits those seeking the highest dividend yields available in a diversified equity ETF and investors with a positive outlook on commodity prices and Brazilian-Mexican economic cycles. Currency hedging may be worth considering. Best used as a tactical satellite position during commodity bull markets.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $25.82 | -- |
| 2017 | $34.82 | +34.9% |
| 2018 | $26.42 | -24.1% |
| 2019 | $31.42 | +18.9% |
| 2020 | $22.42 | -28.6% |
| 2021 | $28.42 | +26.8% |
| 2022 | $24.42 | -14.1% |
| 2023 | $28.42 | +16.4% |
| 2024 | $25.82 | -9.2% |
| 2025 | $23.42 | -9.3% |
| Year | Yield |
|---|---|
| 2016 | 5.42% |
| 2017 | 4.82% |
| 2018 | 5.82% |
| 2019 | 5.28% |
| 2020 | 5.82% |
| 2021 | 4.42% |
| 2022 | 5.18% |
| 2023 | 5.42% |
| 2024 | 5.58% |
| 2025 | 5.42% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2.4B | -- |
| 2017 | $3.2B | +33.3% |
| 2018 | $2.0B | -37.5% |
| 2019 | $2.4B | +20.0% |
| 2020 | $1.4B | -41.7% |
| 2021 | $1.8B | +28.6% |
| 2022 | $1.4B | -22.2% |
| 2023 | $1.8B | +28.6% |
| 2024 | $1.6B | -11.1% |
| 2025 | $1.2B | -25.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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