Research Affiliates Deletions ETF

Frequently Asked Questions About NIXT

What does NIXT invest in?

NIXT tracks an index of recently deleted US small- and mid-cap stocks screened for quality. The portfolio aims to benefit from a potential long-term reversal in the performance of these deleted stocks. The index is constructed from a pool of the top 1000 and top 500 US companies in the RAFI Global Equity Investable Universe (GEIU), which are maintained in two benchmark indices, the Cap-Weight 500 and Cap-Weight 1000. Using a five-year look-back period, the smallest stocks or those that have fallen out of the benchmark indices are identified, scored, and ranked for quality using the following metrics: debt coverage ratio, equity issuance, debt issuance, change in leverage, total payout, and net payout. The top 80% are added to the index and are equally weighted. Companies in the index have a 5-year holding period and are removed if their market cap has risen enough to re-qualify for the benchmark indexes. The index is reconstituted annually in April and rebalanced in May.

What is the expense ratio of NIXT?

Research Affiliates Deletions ETF (NIXT) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NIXT?

Research Affiliates Deletions ETF (NIXT) manages $34.4M 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 NIXT actively managed or an index fund?

NIXT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was NIXT launched?

Research Affiliates Deletions ETF (NIXT) launched in September 2024 and is managed by RAFI Indices.

How has NIXT performed?

NIXT'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.