IMFL vs INTF: Grades, Fees and Holdings Compared

Invesco International Developed Dynamic Multifactor ETF

IMFLCCboe

iShares International Equity Factor ETF

INTFANYSE Arca

Overlap

39.3%by weight

Expense ratio

INTF −0.18pt a year

IMFL0.34%INTF0.16%

Avg volume · 30D

INTF 4.5×the volume

IMFL68.4KINTF309K

5Y return · a year

INTF +2.0pt

IMFL+8.6%INTF+10.6%

IMFL vs INTF Performance

Oct 29, 2021 – Oct 30, 2026

+51.1%IMFL+65.8%INTF

Expense ratio: IMFL 0.34%; INTF 0.16%, better
Fund size: IMFL $1.1B; INTF $3.7B
1Y total return: IMFL +21.0%, better; INTF +17.0%
Yield (12M): IMFL 3.44%, better; INTF 3.02%
Holdings: IMFL 1159; INTF 501
Avg volume (30D): IMFL 68.4K sh; INTF 309K sh, better
NAV per share: IMFL $33.41; INTF $41.10
52W range

ETF.net Grade

Pillar letters and Scores for IMFL, INTF, with each pillar’s weight
Pillar	IMFL	INTF
Cost30% weight	C50	A98Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D38	B55Higher
Tradability15% weight	C47	A73Higher
Holdings10% weight	C45	B68Higher
Durability5% weight	B60	A86Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. IMFL and INTF are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

INTF ranks 1st and IMFL 19th of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 16CUIVMVictoryShares International Value Momentum ETFScore 47
Rank 19CIMFLInvesco International Developed Dynamic Multifactor ETFScore 46
Rank 20CJHMDJohn Hancock Multifactor Developed International ETFScore 45

Our read on each fund

ETF.net Research

IMFLCInvesco International Developed Dynamic Multifactor ETF

INTFAiShares International Equity Factor ETF

In short

IMFL Most international factor funds pick a factor mix and leave it alone. IMFL re-weights monthly, letting Invesco's regime model read where the economy sits in its cycle and shift the tilt across value, momentum, quality, low volatility and size.

INTF Five factors at once (value, quality, momentum, low volatility, low size) aimed at developed markets outside the US, for 0.16% a year. That is well under half what the typical international multifactor fund charges.

Stated mandate

IMFL The Fund is based on the FTSE Developed ex US Invesco Dynamic Multifactor Index and invests at least 80% of its total assets in securities included in that Index.

INTF The fund seeks to track an index of international developed-market stocks chosen using value, quality, momentum, low-volatility, and low-size factors.

Why people hold it

IMFL The rotation is rules-based, not a hunch: the index rebalances monthly on Invesco's Regime Model, built from readings like manufacturing and consumer sentiment, monetary conditions, housing and labor data.invesco.com etfstrategy.com
A 0.34% expense ratio sits under the typical fee in its international multifactor group, which is unusual for a strategy with an active-style overlay running on top of the index.
Wide, not concentrated: roughly 900 developed-market stocks outside the US, drawn from the FTSE Developed ex US universe, with at least 80% of assets in index names.
A multi-billion-dollar fund that trades with reasonable regularity, and it pays distributions quarterly.

INTF At 0.16% a year it undercuts the peer median of 0.38%, and also GSIE (0.25%), RODM (0.29%) and FDEV (0.18%).
One basket of roughly 500 developed-market stocks does the work of separate value, quality, momentum, low-volatility and small-size sleeves.
Live since 2015 and now a multi-billion-dollar iShares fund, giving it more history than much of the international multifactor shelf.
Rates among the strongest implementations in its international multifactor peer group of 29 funds.

Worth knowing

IMFL The regime call is a judgment layer. When the model reads the cycle differently than markets do, IMFL can drift well away from a plain developed ex-US index in either direction.invesco.com
Static factor blends in the same group cost less, notably INTF at 0.16% and FDEV at 0.18%. The rotation machinery is what you are paying the difference for.
Monthly reweighting means more portfolio turnover than a once-a-year rebalance, and the index is measured on a net-return basis, after foreign withholding taxes.invesco.com

INTF Factor tilts are the whole point, so returns can wander from a plain cap-weighted international index in either direction, sometimes for long stretches.
Developed markets only. No emerging-market exposure here, and returns move with foreign currencies as well as foreign stocks.
Volume is moderate rather than heavy, so limit orders help. Distributions land once or twice a year, not quarterly.

Full IMFL profile⁠

Full INTF profile⁠

IMFL vs INTF Holdings

How IMFL and INTF differ

Overlap by weight

39.3%

Shared holdings make up 77.5% of INTF and 52.2% of IMFL.

Level by level

Holdings357 in both39.3%
Countryby domicile78.5%
Sector11 Sectors85.7%
Asset classEquity100%

Sector

Sector weights in IMFL and INTF, widest gap first
Sector	More in IMFLMore in INTF	IMFL	INTF
Financials	INTF +11.6 points	15.2%	26.8%
Technology	IMFL +5.4 points	16.1%	10.7%
Health Care	IMFL +2.4 points	11.1%	8.7%
Industrials	IMFL +2.3 points	19.2%	16.9%
Consumer Staples	IMFL +2.2 points	8.2%	6.0%
Consumer Discretionary	INTF +2.0 points	7.3%	9.3%
Communication	IMFL +0.8 points	3.9%	3.1%
Materials	IMFL +0.8 points	7.5%	6.7%
Real Estate	INTF +0.6 points	1.7%	2.3%
Energy	IMFL +0.5 points	6.0%	5.5%
Utilities	INTF +0.2 points	3.8%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in IMFL and INTF, widest gap first
Country	More in IMFLMore in INTF	IMFL	INTF
South Korea	IMFL +10.0 points	10.0%	0.0%
Japan	INTF +8.4 points	18.0%	26.4%
Switzerland	IMFL +2.9 points	11.5%	8.6%
United Kingdom	INTF +2.7 points	11.1%	13.8%
Sweden	IMFL +2.2 points	4.3%	2.1%
Italy	INTF +2.0 points	1.6%	3.6%
Canada	INTF +1.7 points	6.1%	7.8%
Spain	INTF +1.5 points	2.5%	4.0%
Other countries (22)	IMFL +1.4 points	35.0%	33.6%

Outside the US: IMFL 88% developed, 12% emerging. INTF 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

IMFL20.8%
INTF12.8%

Securities held

IMFL1,154
INTF482

Asset class

IMFL: Equity
INTF: Equity

Holdings

Only in IMFL797
In both357
Only in INTF125

Only in IMFL

797 securities, 47.5% of IMFL by weight

Samsung Electronics Co Ltd4.41%
SK hynix Inc2.14%
Shell PLC1.69%
AstraZeneca PLC1.10%
TotalEnergies SE1.09%
Samsung Electronics Co Ltd0.61%
Canadian Natural Resources Ltd0.48%
Shin-Etsu Chemical Co Ltd0.45%
Suncor Energy Inc0.42%
Sampo Oyj0.39%
3i Group PLC0.39%
Investor AB0.36%
Canadian National Railway Co0.36%
QBE Insurance Group Ltd0.34%
KDDI Corp0.32%
Anheuser-Busch InBev SA/NV0.32%
National Grid PLC0.31%
Canadian Pacific Kansas City Ltd0.31%
Dhl AG0.29%
Woodside Energy Group Ltd0.27%
Intact Financial Corp0.26%
Atlas Copco AB0.26%
Bridgestone Corp0.24%
Goodman Group0.24%
Sompo Holdings Inc0.24%
Barrick Mining Corp0.23%
Kia Corp0.23%
CSL Ltd0.23%
Ucb SA0.23%
Agnico Eagle Mines Ltd0.22%
Enbridge Inc0.22%
Waste Connections Inc0.21%
Fairfax Financial Holdings Ltd0.21%
Admiral Group PLC0.20%
Hermes International SCA0.20%
Medibank Pvt Ltd0.19%
SoftBank Corp0.19%
Ferrari NV0.19%
Dollarama Inc0.19%
Argenx SE0.18%
Teva Pharmaceutical Industries Ltd0.18%
Japan Tobacco Inc0.18%
Industrivarden AB0.17%
Rwe AG0.17%
Givaudan SA0.17%
Assa Abloy AB0.17%
Alcon AG0.17%
Secom Co Ltd0.16%
Basf SE0.16%
Royal Bank of Canada0.16%

Only in INTF

125 securities, 21.9% of INTF by weight

Royal Bank of Canada1.20%
Astrazeneca PLC0.96%
Totalenergies0.83%
Loblaw Companies Ltd0.81%
Shell0.80%
Manulife Financial0.66%
Suncor Energy Inc0.62%
Balfour Beatty PLC0.41%
Toronto Dominion0.39%
Deutsche Bank AG0.38%
Yangzijiang Shipbuilding (Holdings0.36%
Canadian Natural Resources Ltd0.36%
Al Sydbank0.35%
Iss A’s0.35%
Hokuhoku Financial Group Inc0.34%
Nutrien Ltd0.30%
Saipem0.29%
Intesa Sanpaolo0.29%
Kinross Gold0.28%
Drax Group PLC0.27%
Barrick Mining0.27%
Aberdeen Group PLC0.26%
Bam Groep Koninklijke NV0.26%
Mercedes-Benz Group N AG0.25%
Power Corporation of Canada0.24%
Wheaton Precious Metals0.24%
Delonghi0.24%
PLUS5000.23%
Banca Generali0.22%
Fairfax Financial Holdings Sub Vot0.22%
Logitech International0.22%
Konecranes0.21%
Sumitomo Pharma Ltd0.21%
Regis Resources0.21%
Jardine Matheson Holdings0.20%
Xtb0.20%
Wh Group0.20%
Basf N0.20%
Investec PLC0.19%
Canadian Imperial Bank of Commerce0.19%
Adidas N AG0.19%
Flatexdegiro N0.19%
Tui N AG0.18%
Serco Group PLC0.18%
Imperial Oil Ltd0.18%
Ck Hutchison Holdings0.18%
Cgi Inc Class A0.17%
Dai Dan Ltd0.17%
Nissan Motor0.16%
Celestica0.15%

Weight gaps

The 100 widest of 357 Holdings in both funds.

Holding weights in IMFL and INTF, widest gap first
Holding	More in IMFLMore in INTF	IMFL	INTF
Roche Holding AG	IMFL +1.01 points	2.23%	1.22%
Investor AB	IMFL +0.94 points	1.36%	0.42%
Mitsubishi UFJ Financial Group Inc	INTF +0.93 points	0.11%	1.04%
Mizuho Financial Group Inc	INTF +0.77 points	0.06%	0.83%
HSBC Holdings PLCHSBA.L	INTF +0.77 points	0.25%	1.02%
Sumitomo Mitsui Financial Group Inc	INTF +0.76 points	0.10%	0.86%
ABN AMRO Bank NV	INTF +0.66 points	0.03%	0.69%
UniCredit SpA	INTF +0.63 points	0.14%	0.77%
Nestle SA	IMFL +0.60 points	1.59%	0.99%
Advantest Corp	INTF +0.58 points	0.05%	0.63%
Air Liquide SA	IMFL +0.58 points	0.71%	0.13%
AIB Group PLC	INTF +0.58 points	0.05%	0.63%
UBS Group AG	INTF +0.52 points	0.10%	0.62%
BHP Group Ltd	IMFL +0.49 points	1.40%	0.91%
Asics Corp	INTF +0.48 points	0.06%	0.54%
Repsol SA	INTF +0.44 points	0.12%	0.56%
Keyence Corp	IMFL +0.44 points	0.50%	0.06%
Rio Tinto Ltd	INTF +0.43 points	0.21%	0.64%
Schneider Electric SE	IMFL +0.42 points	0.82%	0.40%
Sage Group PLC/TheSGE.L	INTF +0.41 points	0.07%	0.48%
Nordea Bank Abp	INTF +0.41 points	0.08%	0.49%
Unilever PLCULVR.L	IMFL +0.40 points	0.61%	0.21%
Banco Bilbao Vizcaya Argentaria SA	INTF +0.40 points	0.23%	0.63%
Credit Agricole SA	INTF +0.38 points	0.02%	0.40%
Shopify IncSHOP	INTF +0.38 points	0.01%	0.39%
Commonwealth Bank of Australia	INTF +0.36 points	0.28%	0.64%
SoftBank Group Corp	INTF +0.35 points	0.02%	0.37%
Siemens Energy AG	INTF +0.35 points	0.12%	0.47%
British American Tobacco PLCBATS.L	IMFL +0.34 points	0.51%	0.17%
JB Hi-Fi Ltd	INTF +0.35 points	0.03%	0.38%
Kioxia Holdings Corp	INTF +0.34 points	<0.01%	0.35%
Daiwa Securities Group Inc	INTF +0.34 points	0.01%	0.35%
Vodafone Group PLCVOD.L	INTF +0.32 points	0.10%	0.42%
Ageas SA/NV	INTF +0.30 points	0.04%	0.34%
USS Co Ltd	INTF +0.30 points	0.04%	0.34%
Societe Generale SA	INTF +0.30 points	0.02%	0.32%
Deutsche Boerse AG	INTF +0.29 points	0.09%	0.38%
Toyota Motor Corp	INTF +0.29 points	0.39%	0.68%
Safran SA	IMFL +0.29 points	0.69%	0.40%
Unibail-Rodamco-Westfield	INTF +0.29 points	0.02%	0.31%
Otsuka Corp	INTF +0.28 points	0.06%	0.34%
MS&AD Insurance Group Holdings Inc	INTF +0.28 points	0.10%	0.38%
Engie SA	INTF +0.28 points	0.19%	0.47%
Rio Tinto PLCRIO.L	IMFL +0.28 points	0.50%	0.22%
Siemens AG	INTF +0.28 points	0.41%	0.69%
Tokyo Electron Ltd	INTF +0.28 points	0.19%	0.47%
Subaru Corp	INTF +0.27 points	0.03%	0.30%
Yamazaki Baking Co Ltd	INTF +0.27 points	0.01%	0.28%
Recruit Holdings Co Ltd	INTF +0.27 points	0.54%	0.81%
Japan Post Bank Co Ltd	INTF +0.27 points	0.02%	0.29%
Swiss Re AG	IMFL +0.26 points	0.33%	0.07%
Coca-Cola HBC AGCCH.L	INTF +0.26 points	0.07%	0.33%
Mitsubishi Corp	IMFL +0.26 points	0.31%	0.05%
Aurizon Holdings Ltd	INTF +0.26 points	0.03%	0.29%
Banco de Sabadell SA	INTF +0.25 points	0.01%	0.26%
Santen Pharmaceutical Co Ltd	INTF +0.25 points	0.02%	0.27%
Nordex SE	INTF +0.24 points	<0.01%	0.25%
Iberdrola SA	IMFL +0.25 points	0.60%	0.35%
Sanofi SA	IMFL +0.24 points	0.67%	0.43%
Rolls-Royce Holdings PLCRR.L	INTF +0.24 points	0.30%	0.54%
Naturgy Energy Group SA	INTF +0.24 points	0.09%	0.33%
Klepierre SA	INTF +0.23 points	0.07%	0.30%
Hitachi Ltd	IMFL +0.23 points	0.79%	0.56%
AP Moller - Maersk A/S	INTF +0.23 points	0.05%	0.28%
Fisher & Paykel Healthcare Corp Ltd	INTF +0.22 points	0.10%	0.32%
Banca Mediolanum SpA	INTF +0.23 points	0.01%	0.24%
Airbus SE	IMFL +0.22 points	0.36%	0.14%
Barclays PLCBARC.L	INTF +0.22 points	0.07%	0.29%
VZ Holding AG	INTF +0.22 points	0.01%	0.23%
Vinci SA	IMFL +0.21 points	0.29%	0.08%
Relx PLCREL.L	IMFL +0.21 points	0.31%	0.10%
Bayerische Motoren Werke AG	INTF +0.20 points	0.03%	0.23%
Japan Real Estate Investment Corp	INTF +0.20 points	0.01%	0.21%
Telstra Group Ltd	INTF +0.21 points	0.08%	0.29%
Daiichi Life Group Inc	INTF +0.20 points	0.03%	0.23%
Bp PLCBP.L	INTF +0.20 points	0.40%	0.60%
Coca-Cola Bottlers Japan Holdings Inc	INTF +0.20 points	0.01%	0.21%
Tokio Marine Holdings Inc	INTF +0.20 points	0.30%	0.50%
Pandora A/S	INTF +0.20 points	0.04%	0.24%
ASML Holding NV	IMFL +0.20 points	2.50%	2.30%
Ssab Ab	INTF +0.19 points	0.02%	0.21%
Hochtief AG	INTF +0.19 points	0.04%	0.23%
TISI Inc	INTF +0.19 points	0.03%	0.22%
Nomura Real Estate Holdings Inc	INTF +0.19 points	<0.01%	0.20%
Toyoda Gosei Co Ltd	INTF +0.19 points	0.02%	0.21%
Konami Group Corp	INTF +0.18 points	0.07%	0.25%
Reckitt Benckiser Group PLCRKT.L	IMFL +0.19 points	0.27%	0.08%
ING Groep NV	INTF +0.19 points	0.12%	0.31%
Endesa SA	INTF +0.18 points	0.11%	0.29%
Wesfarmers Ltd	IMFL +0.18 points	0.37%	0.19%
Takeda Pharmaceutical Co Ltd	INTF +0.18 points	0.03%	0.21%
Banco Santander SA	INTF +0.18 points	0.20%	0.38%
Sap SE	IMFL +0.18 points	1.00%	0.82%
Ricoh Co Ltd	INTF +0.18 points	<0.01%	0.19%
A2A SpA	INTF +0.18 points	0.02%	0.20%
Kamigumi Co Ltd	INTF +0.17 points	0.02%	0.19%
AGL Energy Ltd	INTF +0.17 points	0.02%	0.19%
Kingfisher PLCKGF.L	INTF +0.18 points	0.04%	0.22%
Daiichi Sankyo Co Ltd	INTF +0.17 points	0.02%	0.19%
DNB Bank ASA	INTF +0.17 points	0.06%	0.23%

All 1,154 IMFL holdings⁠All 483 INTF 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.

IMFL vs INTF Cost

Overpaying IMFL vs INTF

$3,590

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

IMFL 0.34%
$6,932
INTF 0.16%
$3,342

Amount$10,000

Years30 years

Cost over time

IMFL 0.34%
INTF 0.16%
Overpaying

Year by year

Year	IMFL	INTF	Overpaying
10	$616	$292	$324
20	$2,386	$1,141	$1,245
30	$6,932	$3,342	$3,590

Expense ratio

0.34%IMFL
0.16%INTF, cheaper

INTF0.16%IMFL0.34%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

INTF 2nd cheapest of 30 funds

IMFL 15th cheapest of 30 funds

IMFL vs INTF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMFL 3.44%, better; INTF 3.02%
Payout (12M): IMFL $1.15; INTF $1.24
Last payment: IMFL $0.39; INTF $0.72
Ex-dividend: IMFL Sep 21, 2026; INTF Jun 15, 2026
Paid on: IMFL Sep 25, 2026; INTF Jun 18, 2026
Frequency: IMFL Quarterly; INTF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IMFLQuarterly · 22 paymentsAll IMFL payments⁠

INTFTwice a year · 20 paymentsAll INTF payments⁠

IMFL vs INTF Risk

Fall from peak · 5 years

IMFL
INTF

Risk facts

VolatilityStd dev, 3 years: IMFL 13.1%INTF 11.2%, better
Return per unit of riskSharpe ratio, 3 years: IMFL 1.04INTF 1.45, better
Worst fallMax drawdown, 5 years: IMFL −31.5%INTF −27.6%, better
Market sensitivityBeta, 5 years: IMFL 0.86INTF 0.74; Market = 1

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