NYLI International Small-Mid Cap Equity ETF

Frequently Asked Questions About NISM

What does NISM invest in?

The NYLI International Small-Mid Cap Equity ETF, an exchange-traded fund operating under the New York Life Investment Active ETF Trust, is primarily overseen by New York Life Investment Management LLC, with Ausbil Investment Management Limited serving as co-manager. This fund strategically invests in publicly traded international equities, specifically those located outside the United States. It allocates capital to companies across a diverse array of economic sectors, concentrating on small and mid-capitalization firms that exhibit both growth potential and value attributes. The ETF's central objective is to replicate the performance of the MSCI World Ex-USA SMID Cap Index. While its investment focus is global (excluding the U.S.), the fund itself is legally domiciled within the United States.

What is the expense ratio of NISM?

NYLI International Small-Mid Cap Equity ETF (NISM) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NISM?

NYLI International Small-Mid Cap Equity ETF (NISM) manages $25.8M 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 NISM actively managed or an index fund?

NISM 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 (NISM's is 0.70%) because there's no security selection cost.

When was NISM launched?

NYLI International Small-Mid Cap Equity ETF (NISM) launched in May 2026 and is managed by NY Life Investments.

How has NISM performed?

NISM'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.