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Launched

Main International ETF

INTLCboeMain ManagementGrades compare a fund with genuinely similar funds. This fund's comparison group currently has too few members for a fair comparison, so no letter is published.

$29.35+0.05 (+0.17%)

As of Nov 2, 2026, 3:59 PM ET

Too few comparable funds to grade fairly
Intraday session: up, 78 prints from 29.30 to 29.35. Range 29.35 to 29.70. Use the arrow keys to read each point.29.4029.5029.6029.7010 AM12 PM2 PM4 PM
Expense ratio
0.79%*
Fund size
$238M
1Y total return
+8.4%
Yield · Last 12 months
3.52%
Holdings
10
Avg volume · 30D
27.6K sh
52W range
low $27.03high $32.34
Launched

*After a fee waiver that ends Feb 29, 2028. Without it: 0.89%.

The ETF.net INTL Grade

—

Too few comparable funds to grade fairly

Grades compare a fund with genuinely similar funds. This fund's comparison group currently has too few members for a fair comparison, so no letter is published.

Our read on INTL

ETF.net Research

In short

An active international value fund with an unusual two-sided mandate in its own documents: beat the MSCI ACWI ex-USA index over a full market cycle while carrying less risk than it. The trade-off is the price tag.

Stated mandate

The Fund aims to beat the MSCI All Country World ex-USA Index across a complete market cycle while keeping risk below the benchmark.

Why people hold it

  • The objective is written two ways: outperform MSCI ACWI ex-USA across a complete market cycle and keep risk below the benchmark. Downside discipline is part of the job description, not an afterthought.
  • A real stock-picking mandate with a value lean across markets outside the US, in a corner of the market now dominated by systematic, rules-driven value products.
  • Plain vanilla plumbing: a standard 1940 Act equity ETF, no leverage, no derivatives overlay, no K-1 at tax time.

Worth knowing

  • At 1.03%, the fee sits well above systematic peers like AVIV (0.25%) and AVDV (0.36%), so the manager starts each year further behind the benchmark.
  • A small, thinly traded fund. Spreads can run wider than the category's household names, and order size matters more than it would in a mega-fund.
  • Launched in 2022, so there is no track record spanning the full market cycle its own objective uses as the yardstick.

INTL Performance

Launched Dec 2, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
INTL$10,838
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. INTL $10,838. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for INTL. Periods over one year show the average yearly return.
PeriodINTL
Year to date+6.1%
1 month−3.9%
3 months−3.1%
1 year+8.4%
3 yearsper year+17.8%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for INTL
YearReturn barINTL
2026 YTD+6.1%
2025+29.5%
2024+2.0%
2023+18.2%
2022−2.7%

Since listing, Dec 2, 2022

INTL in the news

INTL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.52%Last 12 months
Payout per share
$1.03Last 12 months
Last payment
$0.32 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2022–2026

One bar per payment. 7 payments from 2022 to 2026 YTD. Dec 22, 2022 $0.27; Jun 22, 2023 $0.30; Dec 21, 2023 $0.33; Jun 20, 2024 $0.07; Dec 19, 2024 $0.53; Dec 23, 2025 $0.72; Jun 25, 2026 $0.32. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.32
Dec 23, 2025Dec 29, 2025$0.72
Dec 19, 2024Dec 24, 2024$0.53
Jun 20, 2024Jun 25, 2024$0.07
Dec 21, 2023Jan 3, 2024$0.33
Jun 22, 2023Jul 5, 2023$0.30
Dec 22, 2022Jan 3, 2023$0.27

$10,000 in INTL 3 years ago paid $967 in dividends.

INTL Risk

How much the fund’s monthly returns vary, scaled to a year.
12.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.06
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.5%
46 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.80
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

INTL Cost

Compare INTL and IQSI

Overpaying vs IQSI, cheapest in International Stocks

$12,037

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • INTL 0.79%

    $15,174

  • IQSI 0.15% Cheapest

    $3,137

$10,000
30 years

Cost over time

  • INTL 0.79%
  • IQSI 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530INTL $15,174IQSI $3,137

Year by year

YearINTLIQSIOverpaying
10$1,405$274$1,131
20$5,331$1,071$4,260
30$15,174$3,137$12,037
How the 0.79% is worked out

Full fee 0.89%− waiver 0.10%= you pay 0.79%

The waiver ends Feb 29, 2028. After that the fee is 0.89% unless Main Management renews it. Source: prospectus, Sep 2026.