# NYLI International Small-Mid Cap Equity ETF (NISM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nism for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: NY Life Investments · Asset class: Equity - Strategy: Passive Index · Inception: 2026-05-13 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 cent... ## Key Facts | Metric | Value | |---|---| | Price | $24.64 | | Expense Ratio | 0.70% | | Assets Under Management | $25.8M | | NAV | $24.65 | | Holdings Count | 88 | | Distribution Yield (TTM) | 0.24% | | Annual Distribution (TTM) | $0.06 /share | | Distribution Frequency | Irregular | | 52-Week Range | $23.94 – $25.67 | | Beta | 0.99 | ## Latest Distribution - Amount: $0.0600 /share - Ex-date: 2026-06-18 - Pay date: 2026-06-22 ## Frequently Asked Questions ### 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. ### Does NISM pay a dividend? NYLI International Small-Mid Cap Equity ETF (NISM) currently distributes little or no income. Trailing-twelve-month yield is 0.24%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NISM pay dividends? NYLI International Small-Mid Cap Equity ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NISM's dividend yield? NISM's trailing-twelve-month yield is 0.24%, calculated from the sum of dividends over the past year divided by the current price. ### When is NISM's next ex-dividend date? The most recently announced ex-dividend date for NISM was 2026-06-18. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will NISM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.70% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NISM charge its expense ratio? The expense ratio is deducted in tiny daily slices from NISM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NISM cost more than a fund like VOO? NISM is a passive index fund (current expense ratio 0.70%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to NISM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NISM (0.70%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nism - Distribution history: https://www.dividenddata.com/funds/nism/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nism/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nism/expenses - Peer comparison: https://www.dividenddata.com/funds/nism/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.