EAFG vs IQLT: Grades, Fees and Holdings Compared

Pacer Developed Markets Cash Cows Growth Leaders ETF

EAFGDNYSE Arca

iShares MSCI Intl Quality Factor ETF

IQLTBNYSE Arca

Overlap

18.3%by weight

Expense ratio

IQLT −0.35pt a year

EAFG0.65%IQLT0.30%

Avg volume · 30D

IQLT 5020.7×the volume

EAFG293IQLT1.47M

EAFG vs IQLT Performance

Oct 31, 2025 – Oct 30, 2026

+13.1%EAFG+16.0%IQLT

Expense ratio: EAFG 0.65%; IQLT 0.30%, better
Fund size: EAFG $2M; IQLT $13.7B
1Y total return: EAFG +13.1%; IQLT +16.0%, better
Yield (12M): EAFG 2.02%; IQLT 2.37%, better
Holdings: EAFG 108; IQLT 308
Avg volume (30D): EAFG 293 sh; IQLT 1.47M sh, better
NAV per share: EAFG $25.60; IQLT $50.38
52W range

ETF.net Grade

Pillar letters and Scores for EAFG, IQLT, with each pillar’s weight
Pillar	EAFG	IQLT
Cost30% weight	F23	C44Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D25	C52Higher
Tradability15% weight	F17	A85Higher
Holdings10% weight	C44	B62Higher
Durability5% weight	D30	A86Higher

Rank among International Quality Index funds

How we build Categories ›

Same Category. EAFG and IQLT are both graded against the same 6 International Quality Index funds, so their Grades compare head to head.

International Quality Index⁠

Category · 6 funds

See all 6 ›

IQLT ranks 4th and EAFG 6th of 6 funds in the International Quality Index Category.

Rank 1AQLVDNorthern Trust Developed Markets ex-US Quality Low Volatility ETFScore 71
Rank 2BIDHQInvesco S&P International Developed Quality ETFScore 63
Rank 3BDIHPDimensional International High Profitability ETFScore 60
Rank 4BIQLTiShares MSCI Intl Quality Factor ETFScore 59
Rank 5CFICSFirst Trust International Developed Capital Strength ETFScore 45
Rank 6DEAFGPacer Developed Markets Cash Cows Growth Leaders ETFScore 25

Our read on each fund

ETF.net Research

EAFGDPacer Developed Markets Cash Cows Growth Leaders ETF

IQLTBiShares MSCI Intl Quality Factor ETF

In short

EAFG Pacer's Cash Cows playbook sent overseas with a growth tilt: developed-market large and mid caps screened on free cash flow, growth, momentum and profitability. A 2024 arrival in an aisle long ruled by min-vol veterans.

IQLT Quality investing abroad, with the sector bets stripped out. IQLT holds developed-market companies picked for high return on equity, stable earnings and low debt, while keeping sector weights close to the broad market.

Stated mandate

EAFG The fund seeks to track the performance, before fees and expenses, of the Pacer Developed Markets Cash Cows Growth Leaders Index. Its strategy targets developed-markets large- and mid-capitalization companies using free cash flow and growth-oriented screening.

IQLT The fund seeks to track an index of international developed-market stocks selected for high return on equity, stable earnings, and low debt.

Why people hold it

EAFG Screens developed large and mid caps on free cash flow, then leans growth, momentum and profitability. A cash-generation lens in a corner of the market that mostly sells low volatility.paceretfs.com
Rules-based and readable: it tracks the Pacer Developed Markets Cash Cows Growth Leaders Index, holds roughly 110 stocks, and pays quarterly inside a plain 1940 Act ETF wrapper.paceretfs.com
Sits apart from shelf-mates like EFAV, ACWV and QLVD, which tilt toward low volatility and quality. EAFG starts from cash generation and growth instead.

IQLT The screen is refreshingly plain: high return on equity, stable earnings, low debt, spread across roughly 300 developed-market companies outside the US.ishares.com
Sector neutral by design. The quality tilt shows up in which companies it owns, not as a quiet overweight to whatever sector screens well that year.ishares.com
0.30% a year, below the typical international factor fund, and it has been running since 2015.
A multi-billion-dollar, actively traded fund, which puts it among the more established ways to own the quality factor overseas.

Worth knowing

EAFG Charges 0.65% a year, above what the typical developed-markets factor fund costs. The screen carries a higher toll than an index-hugging alternative.
A small, thinly traded fund. Spreads can run wider and less predictable than in the giant developed-markets index products.
Launched in 2024, so the track record is short: no full market cycle yet to show how a cash-flow-plus-growth screen behaves overseas.

IQLT Developed markets outside the US only. No American stocks, no emerging markets, so it fills one slot rather than covering the whole map.
A quality screen narrows the field to profitable, low-debt names, so results can diverge from the broad international market in either direction.
Cheaper factor options sit in the same aisle (QLVD, EFAV, ACWV), though each runs a different screen rather than sector-neutral quality.

Full EAFG profile⁠

Full IQLT profile⁠

EAFG vs IQLT Holdings

As of Oct 23, 2026

How EAFG and IQLT differ

Overlap by weight

18.3%

Shared holdings make up 51.2% of EAFG and 27.7% of IQLT.

Level by level

Holdings53 in both18.3%
Sector11 Sectors59.5%
Countryby domicile62.1%
Asset classEquity100%

Sector

Sector weights in EAFG and IQLT, widest gap first
Sector	More in EAFGMore in IQLT	EAFG	IQLT
Financials	IQLT +24.9 points	1.8%	26.7%
Technology	EAFG +16.3 points	26.9%	10.6%
Communication	EAFG +11.8 points	15.2%	3.4%
Consumer Discretionary	EAFG +10.3 points	17.8%	7.5%
Consumer Staples	IQLT +4.0 points	2.5%	6.5%
Energy	IQLT +3.3 points	3.0%	6.3%
Utilities	IQLT +2.9 points	0.9%	3.8%
Materials	IQLT +2.2 points	4.7%	6.9%
Health Care	EAFG +2.1 points	11.1%	9.0%
Industrials	IQLT +2.0 points	16.1%	18.1%
Real Estate	IQLT +1.3 points	0.0%	1.3%

Country, concentration and asset class

Country by domicile

Country weights in EAFG and IQLT, widest gap first
Country	More in EAFGMore in IQLT	EAFG	IQLT
Japan	EAFG +15.1 points	29.7%	14.6%
Canada	IQLT +9.1 points	0.0%	9.1%
Switzerland	IQLT +6.6 points	7.3%	13.9%
Australia	EAFG +6.5 points	11.3%	4.8%
Denmark	EAFG +5.8 points	7.0%	1.2%
Germany	IQLT +4.6 points	1.9%	6.5%
France	IQLT +4.2 points	4.4%	8.6%
United Kingdom	IQLT +3.8 points	12.3%	16.1%
Other countries (13)	EAFG +1.1 points	26.2%	25.1%

Outside the US: EAFG 99% developed, 1% emerging. IQLT 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

EAFG27.2%
IQLT23.6%

Securities held

EAFG103
IQLT290

Asset class

EAFG: Equity
IQLT: Equity

Holdings

Only in EAFG50
In both53
Only in IQLT237

Only in EAFG

50 securities, 48.2% of EAFG by weight

Ibiden Co Ltd3.51%
Kioxia Holdings Corp2.81%
Var Energi ASA2.54%
LY Corp2.13%
Pearson PLC2.04%
Diploma PLC1.89%
Kawasaki Kisen Kaisha Ltd1.81%
Keyence Corp1.60%
Dassault Systemes SE1.59%
Argenx SE1.57%
Novonesis Novozymes B1.52%
Millicom International Cellular SA1.50%
InterContinental Hotels Group PLC1.46%
Genmab A/S1.36%
Sap SE1.15%
Galderma Group AG1.12%
Ferrari NV1.08%
Hexagon AB1.06%
Renesas Electronics Corp1.00%
ASM International NV0.98%
CK Hutchison Holdings Ltd0.98%
Amadeus IT Group SA0.95%
Informa PLC0.93%
Wolters Kluwer NV0.93%
Spotify Technology SA0.88%
Transurban Group0.70%
Anheuser-Busch Inbev Sa/Nv0.65%
Aena SME SA0.62%
Xero Ltd0.56%
Haleon PLC0.53%
Sanofi SA0.48%
PLS Group Ltd0.48%
Telia Co Ab0.46%
WiseTech Global Ltd0.43%
Swisscom AG0.42%
Prosus NV0.40%
FANUC Corp0.39%
Kering0.38%
Galaxy Entertainment Group Ltd0.37%
Italgas SpA0.36%
Siemens Energy AG0.36%
Shionogi & Co Ltd0.36%
Telenor ASA0.34%
Deutsche Telekom AG0.33%
Mitsubishi Heavy Industries Ltd0.33%
Ferrovial NV0.31%
Lynas Rare Earths Ltd0.30%
Sands China Ltd0.29%
Australian Dollar0.00%
Singapore Dollar0.00%

Only in IQLT

237 securities, 71.7% of IQLT by weight

Allianz2.65%
Shell1.96%
Nestle SA1.87%
Astrazeneca PLC1.85%
Zurich Insurance Group AG1.83%
Abb Ltd1.71%
Tokio Marine Holdings1.62%
Totalenergies1.43%
Iberdrola1.38%
Unilever PLC1.38%
Muenchener Rueckversicherungs-Gese1.16%
Canadian Natural Resources Ltd1.14%
Schneider Electric1.14%
Airbus Group1.08%
Tokyo Electron1.06%
Dbs Group Holdings Ltd1.03%
Hong Kong Exchanges and Clearing1.02%
Novo Nordisk Class B0.94%
Deutsche Boerse AG0.91%
Oversea-Chinese Banking0.87%
Manulife Financial0.86%
Investor Class B0.83%
Wesfarmers0.76%
Nintendo0.76%
Lair Liquide Societe Anonyme Pour0.74%
Axa SA0.73%
Suncor Energy Inc0.72%
Glaxosmithkline0.71%
National Grid PLC0.68%
London Stock Exchange Group PLC0.67%
Bae Systems PLC0.67%
Ferrari0.64%
MS&AD Insurance Group Holdings0.63%
Kddi0.60%
Swiss Re AG0.59%
Rio Tinto0.59%
Compass Group PLC0.56%
Rheinmetall AG0.53%
Sun Life Financial Inc0.53%
3I Group Fund PLC0.52%
Canadian National Railway0.52%
Atlas Copco Class A0.50%
Agnico Eagle Mines0.50%
Intact Financial Corp0.49%
Prudential PLC0.45%
Daiichi Life Group0.44%
Sampo Class A0.42%
Qbe Insurance Group0.41%
Adyen0.41%
Caixabank SA0.41%

Weight gaps

All 53 Holdings in both funds, largest gap first.

Holding weights in EAFG and IQLT, widest gap first
Holding	More in EAFGMore in IQLT	EAFG	IQLT
ASML Holding NV	IQLT +3.98 points	1.23%	5.21%
Pandora A/S	EAFG +2.91 points	2.99%	0.08%
Recruit Holdings Co Ltd	EAFG +2.40 points	4.39%	1.99%
SITC International Holdings Co Ltd	EAFG +2.31 points	2.44%	0.13%
Pro Medicus Ltd	EAFG +2.13 points	2.20%	0.07%
Sage Group PLC/TheSGE.L	EAFG +2.00 points	2.12%	0.12%
Evolution AB	EAFG +1.98 points	2.10%	0.12%
Roche Holding AG	IQLT +1.93 points	0.55%	2.48%
Computershare Ltd	EAFG +1.64 points	1.83%	0.19%
Aristocrat Leisure Ltd	EAFG +1.50 points	1.73%	0.23%
Obic Co Ltd	EAFG +1.46 points	1.53%	0.07%
Novartis AG	IQLT +1.39 points	0.47%	1.86%
Capcom Co Ltd	EAFG +1.22 points	1.35%	0.13%
Sonova Holding AG	EAFG +1.14 points	1.21%	0.07%
Sanrio Co Ltd	EAFG +1.03 points	1.10%	0.07%
Logitech International SA	EAFG +0.86 points	1.01%	0.15%
REA Group Ltd	EAFG +0.80 points	0.91%	0.11%
Konami Group Corp	EAFG +0.74 points	0.96%	0.22%
Experian PLCEXPN.L	EAFG +0.70 points	1.12%	0.42%
VAT Group AG	EAFG +0.63 points	0.84%	0.21%
Inpex Corp	EAFG +0.60 points	0.75%	0.15%
Diageo PLCDGE.L	EAFG +0.57 points	0.86%	0.29%
Lasertec Corp	EAFG +0.51 points	0.75%	0.24%
BE Semiconductor Industries NV	EAFG +0.50 points	0.60%	0.10%
Coloplast A/S	EAFG +0.48 points	0.52%	0.04%
Cie Financiere Richemont SA	EAFG +0.47 points	1.20%	0.73%
LVMH Moet Hennessy Louis Vuitton SE	IQLT +0.46 points	0.34%	0.80%
Power Assets Holdings Ltd	EAFG +0.44 points	0.57%	0.13%
Nexon Co Ltd	EAFG +0.43 points	0.48%	0.05%
Reckitt Benckiser Group PLCRKT.L	IQLT +0.42 points	<0.01%	0.42%
Check Point Software Technologies LtdCHKP	EAFG +0.38 points	0.52%	0.14%
Astellas Pharma Inc	EAFG +0.37 points	0.49%	0.12%
BHP Group Ltd	IQLT +0.33 points	1.11%	1.44%
Thales SA	EAFG +0.31 points	0.53%	0.22%
Relx PLCREL.L	EAFG +0.30 points	0.95%	0.65%
Advantest Corp	IQLT +0.29 points	1.57%	1.86%
Evolution Mining Ltd	EAFG +0.27 points	0.38%	0.11%
Tele2 AB	EAFG +0.25 points	0.37%	0.12%
Fortescue Ltd	EAFG +0.24 points	0.35%	0.11%
Fresnillo PLCFRES.L	EAFG +0.24 points	0.28%	0.04%
Moncler SpA	EAFG +0.24 points	0.33%	0.09%
Koninklijke KPN NV	EAFG +0.18 points	0.39%	0.21%
Industria de Diseno Textil SA	IQLT +0.18 points	0.68%	0.86%
Wartsila OYJ Abp	EAFG +0.17 points	0.31%	0.14%
Rolls-Royce Holdings PLCRR.L	IQLT +0.14 points	1.12%	1.26%
L'Oreal SA	IQLT +0.14 points	0.59%	0.73%
Hoya Corp	EAFG +0.13 points	0.45%	0.32%
Chugai Pharmaceutical Co Ltd	EAFG +0.12 points	0.26%	0.14%
Disco Corp	EAFG +0.10 points	0.34%	0.23%
Fast Retailing Co Ltd	EAFG +0.09 points	0.84%	0.75%
Hermes International SCA	IQLT +0.08 points	0.32%	0.40%
Geberit AG	EAFG +0.06 points	0.39%	0.33%
British American Tobacco PLCBATS.L	IQLT +0.04 points	0.51%	0.55%

All 112 EAFG holdings⁠All 291 IQLT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EAFG vs IQLT Cost

Overpaying EAFG vs IQLT

$6,568

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

EAFG 0.65%
$12,717
IQLT 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

EAFG 0.65%
IQLT 0.30%
Overpaying

Year by year

Year	EAFG	IQLT	Overpaying
10	$1,163	$545	$618
20	$4,440	$2,113	$2,327
30	$12,717	$6,149	$6,568

Expense ratio

0.65%EAFG
0.30%IQLT, cheaper

IQLT0.30%EAFG0.65%

0.12%0.70%

Middle half of International Quality Index funds
Median 0.29%

IQLT 4th cheapest of 6 funds

EAFG 5th cheapest of 6 funds

EAFG vs IQLT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EAFG 2.02%; IQLT 2.37%, better
Payout (12M): EAFG $0.51; IQLT $1.20
Last payment: EAFG $0.03; IQLT $0.75
Ex-dividend: EAFG Sep 3, 2026; IQLT Jun 15, 2026
Paid on: EAFG Sep 8, 2026; IQLT Jun 18, 2026
Frequency: EAFG Quarterly; IQLT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EAFGQuarterly · 9 paymentsAll EAFG payments⁠

IQLTTwice a year · 19 paymentsAll IQLT payments⁠

EAFG vs IQLT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EAFG 15.6%since Apr 2024IQLT 12.2%
Return per unit of riskSharpe ratio, 3 years: EAFG 0.47since Apr 2024IQLT 1.08
Worst fallMax drawdown, 5 years: EAFG −16.5%since Mar 2024IQLT −29.7%
Market sensitivityBeta, 5 years: EAFG 0.92IQLT 0.83; Market = 1

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