ETF Evaluator:
Main International ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
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ETF Details
Main International ETF Overview
Main International ETF (INTL) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Main Management ETFs launched the ETF in 2022.
The investment seeks to outperform the MSCI All Country World ex-USA Index® over a full market cycle while maintaining below-benchmark risk.
The fund utilizes a “fund of funds” structure to invest in ETFs that primarily provide exposure to non-U.S. equity securities of companies of any capitalization representing sectors and geographic regions that appear undervalued in comparison to their historical average price. Under normal circumstances, the fund invests at least 50% of its total assets in funds that invest at least 50% of their respective total assets in securities of non-U.S. issuers organized or having their principal place of business outside the U.S.
About Main International ETF (INTL)
There are 5 members of the management team with an average tenure of 3.25 years: Kim Arthur (2022), James Concidine (2022), J. Richard Fredericks (2022), Alex Varner (2022) and Darol Ryan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Main International ETF has 9 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Main International ETF is part of the Equity global asset class and is within the International Equity ETF group. Main International ETF has 97.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.1% There is 97.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Main International ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $239 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
INTL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Main International ETF expense ratio is high compared to funds in the Foreign Large Blend category. Main International ETF has an expense ratio of 0.84%, which is 112% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Main International ETF has a portfolio turnover rate of 36%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Main International ETF returned -1.1%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Main International ETF has a trailing yield of 3.42%, which is above the 2.56% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Main International ETF Grades
Year to date, the ETF has returned 9.8%, 2.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 22.3% over the past year (grade of D) and 14.1% over the past three years (grade of F).
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INTL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| INTL Return (NAV) | -1.1% | 0.9% | 22.3% | 14.1% | na | na |
| INTL Return (Price) | -1.2% | 1.0% | 22.2% | 14.0% | na | na |
| NAV +/- Price Return | 0.060% | -0.106% | 0.115% | 0.044% | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| INTL Grade (NAV) | F | F | D | F | na | na |
| +/- Category (NAV) | -2.2% | -3.4% | -2.7% | -2.3% | na | na |
| INTL Tax-Cost Ratio | na | na | 1.4% | 1.0% | na | na |
INTL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| INTL Return (NAV) | 9.8% | 29.1% | 2.1% | 18.3% | na | na | na | na | na | na | na |
| INTL Return (Price) | 9.4% | 29.5% | 2.0% | 18.2% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.039% | 0.016% | -0.031% | -0.009% | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| INTL Grade (NAV) | F | D | F | B | na | na | na | na | na | na | na |
| +/- Category | -2.3% | -2.1% | -3.2% | 1.5% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.88 |
| R-Squared: | 92% |
| Standard Deviation: | 12.8% |
| Category Risk Index: | 0.97 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.04 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 3.4% |
| Total Assets: | $ 240 Mil |
| Share Class Assets: | $ 240 Mil |
| Turnover: | 36.0% |
| Expense Ratio: | 0.84% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 3.7 years | |||
| Average Tenure: 3.3 years | |||
| Managers (Year): Arthur Kim (2022), Concidine James (2022), Fredericks J. Richard (2022), Varner Alex (2022), Ryan Darol (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 9 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.9% |
Portfolio Allocation |
|
| Domestic Stock: | 1.1% |
| Foreign Stock: | 97.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Main Management ETFs |
| Phone Number: | 866-383-9778 |
| Website: | |
| Inception Date: | December 1, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.84% (Rating: High) |
| Category Average Expense Ratio (%): | 0.40% |
