NYLI FTSE International Equity Currency Neutral ETF

Frequently Asked Questions About HFXI

What does HFXI invest in?

The NYLI FTSE International Equity Currency Neutral ETF (HFXI) aims to mirror the investment performance, encompassing both price changes and yield, of the FTSE Developed ex North America 50% Hedged to USD Index, before accounting for fees and expenses. This underlying index serves as a benchmark for international stocks, specifically excluding those from North America, and strategically hedges approximately half of its foreign currency exposure against the U.S. dollar on a monthly basis. It includes equities from developed nations within Europe, Australasia, and the Far East, primarily focusing on large and mid-sized companies. HFXI is recognized as a key offering designed to help investors expand their stock market participation into global and international spheres, particularly valuable amid prevailing macroeconomic and market instability.

What is the expense ratio of HFXI?

NYLI FTSE International Equity Currency Neutral ETF (HFXI) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HFXI?

NYLI FTSE International Equity Currency Neutral ETF (HFXI) manages $2.32B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is HFXI actively managed or an index fund?

HFXI is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (HFXI's is 0.19%) because there's no security selection cost.

When was HFXI launched?

NYLI FTSE International Equity Currency Neutral ETF (HFXI) launched in July 2015 and is managed by NY Life Investments.

How has HFXI performed?

HFXI's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.