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Launched · SEC filings

National Security Emerging Markets Index ETF

NSINasdaqF

$35.52+0.22 (+0.62%)

At close: Nov 2, 2026, 4:00 PM ET

F16/ 100

Rank 42 of 42 in Other Major Indexes

F16/100Rank 42 of 42inOther Major Indexes
Intraday session: up, 78 prints from 35.31 to 35.52. Range 35.52 to 36.13. Use the arrow keys to read each point.35.4035.8036.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$40M
1Y total return
+6.7%
Yield · Last 12 months
1.30%
Holdings
103
Avg volume · 30D
1.38K sh
52W range
low $31.81high $39.85
Launched
Filings
SEC EDGAR

The ETF.net NSI Grade

Based on 5 of 6 pillars

F

Score 16 out of 100

Category
Other Major Indexes⁠
Rank
42 of 42
Six-pillar profile for NSI. Scores out of 100: Cost 4, Risk 29, Mission not scored, Tradability 19, Holdings 31, Durability 19. Strongest: Holdings (31). Weakest: Cost (4). Based on 5 of 6 pillars.

Score 16 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.
    F4 out of 100
    Rank 39 of 42

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 34 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F19 out of 100
    Rank 38 of 42

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 34 of 40

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F19 out of 100
    Rank 38 of 42

Our read on NSI

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Dec 6, 2023

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

Not enough history yet.Not enough history yet.Not enough history yet.
NSI$10,666
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NSI $10,666. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 NSI. Periods over one year show the average yearly return.
PeriodNSI
Year to date+5.8%
1 month−7.3%
3 months−5.6%
1 year+6.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 NSI
YearReturn barNSI
2026 YTD+5.8%
2025+35.9%
2024−1.2%
2023+12.3%

Since listing, Dec 6, 2023

NSI in the news

NSI 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 Oct 30, 2026.
1.30%Last 12 months
Payout per share
$0.46Last 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 11 payments from 2017 to 2026 YTD. Apr 24, 2018 $1.12; Apr 23, 2019 $1.12; Jul 18, 2023 $0.75; Dec 29, 2023 $0.09; May 24, 2024 $0.15; Nov 22, 2024 $0.25; Dec 20, 2024 $0.45; May 23, 2025 $0.16; Nov 21, 2025 $0.15; Dec 17, 2025 $0.26; May 22, 2026 $0.05. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
May 22, 2026May 27, 2026$0.05
Dec 17, 2025Dec 24, 2025$0.26
Nov 21, 2025Nov 26, 2025$0.15
May 23, 2025May 28, 2025$0.16
Dec 20, 2024Dec 26, 2024$0.45
Nov 22, 2024Nov 27, 2024$0.25
May 24, 2024Jun 3, 2024$0.15
Dec 29, 2023Jan 8, 2024$0.09
Jul 18, 2023No data$0.75
Apr 23, 2019No data$1.12
Apr 24, 2018No data$1.12
Aug 2, 2016No data$0.13

— Pay date not on file.

See all 17 payments⁠

$10,000 in NSI 1 year ago paid $137 in dividends.⁠

NSI Risk

Risk pillarD29 out of 100Rank 34 of 42 in Other Major Indexes
How much the fund’s monthly returns vary, scaled to a year.
13.9%
Annualised · 34 months to Oct 2026
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.
0.65
vs 3-month T-bills · 34 months to Oct 2026
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.
−18.8%
34 months · trough Apr 2025
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.
0.60
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.

FMP measures it over up to five years of monthly returns.

NSI Cost

Compare NSI and SCHK

Overpaying vs SCHK, cheapest in Other Major Indexes

$13,844

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

  • NSI 0.75%

    $14,482

  • SCHK 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • NSI 0.75%
  • SCHK 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NSI $14,482SCHK $638

Year by year

YearNSISCHKOverpaying
10$1,336$55$1,281
20$5,078$216$4,862
30$14,482$638$13,844

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