FYLD vs IDLV

FYLDCCambria Foreign Shareholder Yield ETF

IDLVBInvesco S&P International Developed Low Volatility ETF

In short

FYLD Most international income funds stop at dividends. FYLD screens developed-market companies returning cash three ways: dividends, share buybacks and debt paydown, then leans toward the cheap ones.

IDLV Screens developed markets for calm instead of size: roughly 200 international large and mid caps chosen by an S&P low volatility index, run on the same rulebook since 2012.

Stated mandate

FYLD The fund targets international companies that return cash to investors through dividends, share buybacks, and debt reduction, collectively described as shareholder yield.

IDLV The Fund seeks exposure to large- and mid-cap stocks from international developed markets through the S&P BMI International Developed Low Volatility Index. It invests at least 90% of total assets in securities comprising that Index.

Why people hold it

• FYLD Shareholder yield counts dividends, buybacks and debt paydown, so a company quietly retiring stock or borrowings can qualify without a headline dividend.sec.gov
• Actively managed rather than index-tracking, pairing the yield ranking with value and quality screens instead of a fixed rulebook.sec.gov
• Running since 2013, the developed-markets sibling of Cambria's original shareholder-yield ETF: roughly 100 names, several hundred million in assets, quarterly payouts.cambriafunds.com

• IDLV The low-vol screen is a rule, not a mood. The fund keeps at least 90% of assets in the S&P BMI International Developed Low Volatility Index it advertises.invesco.com
• Holdings line up with the stated mandate: about 200 developed-market large and mid caps, no drift into off-label names.
• Live since 2012, so this is a long-running version of the low-volatility idea abroad, not a freshly launched factor experiment. Distributions come quarterly.

Worth knowing

• FYLD At 0.59% a year it costs more than the typical international factor fund; index-built peers like QLVD (0.15%) and EFAV (0.20%) charge far less.
• The value-and-yield screen builds a portfolio that can look nothing like a standard developed-markets index in sector, size and country mix.cambriafunds.com
• Volume is moderate rather than mega-fund heavy, so spreads can widen at the edges of the trading day.

• IDLV At 0.25% it runs above the cohort median of 0.18%, and well above plain cap-weighted developed peers like VEA and SPDW at 0.03%. The volatility screen is what the extra buys.
• Thinly traded for its category, so limit orders and mid-session trading matter more here than with the giants of developed-markets indexing.
• A volatility screen reshuffles the map: country and sector weights can sit far from a standard developed-markets index, and the fund can lag when riskier stocks lead.

Full FYLD profile⁠

Full IDLV profile⁠