ETF Evaluator: Research Affiliates Deletions ETF (NIXT) Follow This ETF

Research Affiliates Deletions ETF Overview

Research Affiliates Deletions ETF (NIXT) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). Research Affiliates LLC launched the ETF in 2024.

The investment seeks to track the total return performance, before fees and expenses, of the Research Affiliates Deletions Index. The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

About Research Affiliates Deletions ETF (NIXT)

There are 2 members of the management team with an average tenure of 1.81 years: Richard Shaner (2024) and Joshua Russell (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Research Affiliates Deletions TR USD index with a weighting of 100%. Research Affiliates Deletions ETF has 211 securities in its portfolio. The top 10 holdings constitute 7.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Research Affiliates Deletions ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Research Affiliates Deletions ETF has 1.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.9% There is 1.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Research Affiliates Deletions ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $39 million in total assets, which is below the $2 billion average for the Small Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NIXT Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Research Affiliates Deletions ETF expense ratio is low compared to funds in the Small Value category. Research Affiliates Deletions ETF has an expense ratio of 0.19%, which is 60% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Research Affiliates Deletions ETF has a portfolio turnover rate of 48%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Small Value category.

Recently, in the month of June 2026, Research Affiliates Deletions ETF returned 2.8%, which earned it a grade of F, as the Small Value category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Research Affiliates Deletions ETF has a trailing yield of 1.33%, which is below the 1.78% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Research Affiliates Deletions ETF Grades

Year to date, the ETF has returned 23.4%, 5.2 percentage points better than the category, which translates into a grade of A. The fund has returned 34.8% over the past year (grade of B).

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