National Security Emerging Markets Index ETF
$37.91−0.18 (−0.47%)
- 0.75%
- $43M
- +22.8%
- 1.21%
- 0M sh
- $38.32
- low $31.76high $39.85
The ETF.net NSI Grade
F
Score 18 out of 100
- 42 of 43
Score 18 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 38 of 43Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D29 out of 100Rank 36 of 43Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 40 of 43Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 35 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F20 out of 100Rank 39 of 43
Our read on NSI
FEmerging markets, run through a national-security filter. NSI tracks a purpose-built index that screens out companies flagged as threats to US interests, then holds what survives passively.
The Fund aims to follow the Alerian National Security Emerging Markets Index before fees and expenses. It invests at least 80% of total assets in index components and generally uses passive replication.
Why people hold it
- The whole point: a rules-based process that filters out EM companies tripping any of nine national-security screens, from sanctions lists on down.vettafi.com
- Ordinary index plumbing underneath. Passive replication, at least 80% of assets in index components, drawn from a universe of the 500 largest EM stocks.nasdaqtrader.com
- The benchmark is calculated by an outside index provider (VettaFi) rather than the adviser, and the fund distributes quarterly.vettafi.com
Worth knowing
- It runs 0.75% a year, well above the going rate for plain-vanilla index trackers. The screen is what the premium buys.
- A small fund that trades thinly, so spreads can be wide and patient limit orders matter more than usual.
- Exclusions turn on the sponsor's own view of what threatens US national security, so the holdings can look quite different from a standard EM index.nasdaqtrader.com
NSI Holdings
- Stocks
- 102
- 50%
- TSM
Sectors
- Technology43.3%
- Financials18.4%
- Consumer Discretionary10.3%
- Communication8.9%
- Materials6.1%
- Industrials3.5%
- Energy3.2%
- Health Care2.6%
- Consumer Staples2.1%
- Utilities1.0%
- Real Estate0.5%
Geography
- Taiwan (Province of China)28.64%
- Korea (the Republic of)18.45%
- China18.06%
- India7.28%
- Brazil7.04%
- South Africa3.68%
- Mexico3.58%
- Ireland2.42%
- 10.85%
Developed 5% · Emerging 95%
NSI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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NSI$12,278
Returns run to the Oct 12, 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.
| Period | NSI |
|---|---|
| Year to date | +14.1% |
| 1 month | −1.2% |
| 3 months | −0.1% |
| 1 year | +22.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NSI |
|---|---|---|
| 2026 YTD | +14.1% | |
| 2025 | +35.9% | |
| 2024 | −1.2% | |
| 2023 | +12.3% |
NSI in the news
NSI Dividends
- 1.21%
- $0.46
- $0.05 per share
- Twice a year
Distribution history
NSI Risk
- 13.1%
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.
- 0.92
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.
- −18.8%
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.
- 0.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NSI Cost
0.75%
NSI0.75%
- The middle half of Other Major Indexes funds
- Median 0.29%
36 of the 42 Other Major Indexes funds charge less.
Other funds in Other Major Indexes
- DGURUGlobal X - Guru Index ETFExpense ratio 0.75%1 year return +15.9%
- DEXEQWedbush ReturnOnLeadership U.S. Large-Cap ETFExpense ratio 0.75%1 year return —
- DRNDFirst Trust Bloomberg R&D Leaders ETFExpense ratio 0.60%1 year return +17.6%
- DGYLDArrow Dow Jones Global Yield ETFExpense ratio 0.75%1 year return +8.3%
- FKEMQKraneShares Public-Private Emerging Markets Internet and Technology ETFExpense ratio 0.79%1 year return +1.7%