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NISM

GradeCNew York Stock Exchange Arca

NYLI International Small-Mid Cap Equity ETF

Active Equity · NY Life Investments · Inception 2026-05-13

$25.06+0.15 (+0.60%)

As of Sep 18, 2026, 1:58 PM EDT

Market opens at 9:30 AM ET.History starts May 13, 2026.History starts May 13, 2026.History starts May 13, 2026.
Intraday session: up, 5 prints from 24.91 to 25.06. Range 24.89 to 25.26. Use the arrow keys to read each point.$24.90$25.00$25.20$25.30Sep 14Sep 15Sep 17Sep 18
Expense ratio
0.70%
Fund size
$25M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
88
Volume · 30D
0M sh
NAV per share
$25.24
52W range
low $23.94high $25.67

The ETF.net NISM Grade

C

40/ 100

Rank 39 of 57 in International Active Equity⁠

Confidence Medium

Six-pillar profile for NISM. Scores out of 100: Cost 37, Risk 61, Mission not scored, Tradability 17, Holdings 64, Durability 24. Strongest: Holdings (64). Weakest: Tradability (17). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank36/57 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank15/57 · top 26%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 17
    Category rank51/57 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 64
    Category rank18/53 · top 34%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank56/57 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NISM

ETF.net Research

CActive stock-picking in a corner Wall Street barely covers: New York Life hands the keys to Ausbil's Global SmallCap team in Sydney, which builds a 50 to 100 name portfolio of non-US companies sized from roughly $500 million to $35 billion.

Stated mandate

The Fund seeks long-term capital growth.

Why people hold it

  1. 01Sub-advised by Ausbil, an Australian active-equity specialist in New York Life's boutique network, running a global small-cap strategy that predates this ETF wrapper.nylim.combusinesswire.com
  2. 02Concentrated by design: the mandate targets 50 to 100 non-US names, so each pick carries real weight instead of being diluted across a thousand-stock index.businesswire.com
  3. 03Spans small and mid caps (roughly $500 million to $35 billion), covering the size band pure small-cap funds stop short of and large-cap international funds skip.businesswire.com
  4. 04Fully active, with no index to hug: a macro read, then regional and sector tilts, then company-level research, then risk-aware portfolio construction.businesswire.com

Worth knowing

  1. 01At 0.70% a year, it costs more than the typical fund in its active international peer group (median 0.59%) and well more than systematic peers like AVDE at 0.23% or AVDS at 0.30%.
  2. 02Launched in 2026 with a small asset base and light trading, so spreads can run wider than the category's giants and there is little live record to study.
  3. 03Distributions come once or twice a year at most. The stated goal is long-term capital growth, not an income stream.

NISM Holdings

As of Sep 22, 2026, 10:00 PM
Asset class
Stocks
Holdings
88
Top-10 weight
22%
Largest holding
4021.T2.6%

Geography

  • Japan32.08%
  • Canada10.25%
  • Australia8.75%
  • United Kingdom6.51%
  • Sweden6.42%
  • Italy6.05%
  • Netherlands5.06%
  • Germany4.77%
  • Other countries (9)20.13%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014021.TNissan Chemical Corporation2.64%12,956$679K74
002SOL.AXWashington H. Soul Pattinson and Company Limited2.30%18,228$592K79
0037832.TBandai Namco Holdings Inc.2.28%16,523$586K114
004INA.AXIngenia Communities Group2.20%182,980$567K41
0056988.TNitto Denko Corp.2.16%25,953$557K119
006TRN.MITerna S.p.A.2.09%49,896$538K105
007GTT.PAGaztransport & Technigaz SA2.09%2,091$537K64
008EMP-A.TOEmpire Co Ltd Class A2.08%16,031$535K49
009X.TOTMX Group Ltd.2.05%13,612$528K61
0108697.TJapan Exchange Group, Inc.2.01%36,497$518K111
011CTC-A.TOCanadian Tire Corporation, Limited Class A1.95%3,772$502K58
0126762.TTDK Corporation1.92%27,388$495K128
0136856.THoriba, Ltd.1.92%3,403$495K63
0145020.TENEOS Holdings, Inc.1.84%52,047$473K112
015KPN.ASRoyal KPN NV1.80%99,547$463K132

Showing 1–15 of 92 holdings

NISM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NISM$10,150
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,226
Jun 18, 2026 to Sep 18, 2026. NISM $10,150. SPY $10,226. Use the arrow keys to read each point.$9,710$10,090$10,469Jun 2026Aug 2026Sep 2026

Jun 18, 2026 – Sep 18, 2026

Returns run to the Sep 18, 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.

Trailing total return for NISM. Periods over one year show the average yearly return.
PeriodNISM
Year to dateFund launched this year—
1 month−0.8%
3 months+1.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NISM
YearReturn barNISM
2026 YTD+0.4%

Since listing, May 13, 2026

NISM in the news

ETF.net Research hasn’t filed on NISM yet — coverage lands here as it’s written.

NISM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 18, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 18, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 22, 2026$0.06

NISM Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.94
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NISM Cost

Expense ratio0.70%
  • The middle half of International Active Equity funds
  • Median 0.58%

34 of the 55 International Active Equity funds charge less.

NISM costs $70.00 a year on $10,000. The median International Active Equity fund costs $58.00.