Category Review
The payout and the result came apart in option-income funds
Main International ETF
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.
The ETF.net INTL Grade
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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
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.
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 Holdings
- Stocks
- 9
- 100%
- IDEV
Sectors
- Financials22.4%
- Technology22.4%
- Industrials14.7%
- Consumer Discretionary8.3%
- Materials6.9%
- Health Care6.7%
- Communication5.1%
- Consumer Staples4.6%
- Energy4.5%
- Utilities2.6%
- Real Estate1.9%
Geography
- United States100.00%
INTL Performance
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$11,491
Returns run to the Oct 12, 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.
| Period | INTL |
|---|---|
| Year to date | +9.3% |
| 1 month | −3.4% |
| 3 months | −1.3% |
| 1 year | +14.9% |
| 3 years | +18.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INTL |
|---|---|---|
| 2026 YTD | +9.3% | |
| 2025 | +29.5% | |
| 2024 | +2.0% | |
| 2023 | +18.2% | |
| 2022 | −2.7% |
INTL in the news
INTL Dividends
- 3.42%
- $1.03
- $0.32 per share
- Twice a year
Distribution history
INTL Risk
- 12.0%
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.
- 1.08
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.
- −14.5%
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.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INTL Cost
0.79%