- 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 $24.9M 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.
