National Security Emerging Markets Index ETF
$38.47−0.69 (−1.75%)
- Expense ratio
- 0.75%
- Fund size
- $44M
- 1Y return
- +22.9%
- Yield · Last 12 months
- 1.17%
- Volume · 30D
- 0M sh
- NAV per share
- $38.68
- 52W range
The ETF.net NSI Grade
Score 20 of 100 sits in the F 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.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 18Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 35Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 22Category rank
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
- —
- 47%
- TSM
Sectors
- Technology41.8%
- Financials20.3%
- Consumer Discr.8.8%
- Communication8.6%
- Materials7.3%
- Energy3.4%
- Industrials3.3%
- Health Care2.8%
- Cons. Staples2.1%
- Utilities1.0%
- Real Estate0.6%
Geography
- Taiwan (Province of China)27.64%
- China18.69%
- Korea (the Republic of)16.70%
- India6.82%
- Brazil6.72%
- South Africa4.29%
- Mexico3.20%
- Ireland2.46%
- 13.49%
Developed 7% · Emerging 93%
NSI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +17.3% |
| 1 month | +2.2% |
| 3 months | +0.1% |
| 1 year | +22.9% |
| 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 | +17.3% | |
| 2025 | +35.9% | |
| 2024 | −1.2% | |
| 2023 | +12.3% |
NSI in the news
ETF.net Research hasn’t filed on NSI yet — coverage lands here as it’s written.
NSI Dividends
- 1.17%
- $0.46
- $0.05 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| May 22, 2026 | May 27, 2026 | $0.05 |
| Dec 17, 2025 | Dec 24, 2025 | $0.26 |
| Nov 21, 2025 | Nov 26, 2025 | $0.15 |
| May 23, 2025 | May 28, 2025 | $0.16 |
| Dec 20, 2024 | Dec 26, 2024 | $0.45 |
| Nov 22, 2024 | Nov 27, 2024 | $0.25 |
| May 24, 2024 | Jun 3, 2024 | $0.15 |
| Dec 29, 2023 | Jan 8, 2024 | $0.09 |
| Jul 18, 2023 | Data unavailable | $0.75 |
| Apr 23, 2019 | Data unavailable | $1.12 |
| Apr 24, 2018 | Data unavailable | $1.12 |
| Aug 2, 2016 | Data unavailable | $0.13 |
NSI Risk
- 13.3%
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.
- 0.93
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
- The middle half of Other Major Indexes funds
- Median 0.29%
36 of the 42 Other Major Indexes funds charge less.