ETF Evaluator:
Nomura Focused International Core ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
Risk
Index
Risk
Index
ETF Details
Nomura Focused International Core ETF Overview
Nomura Focused International Core ETF (EXUS) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Nomura launched the ETF in 2025.
The investment seeks to provide capital growth and appreciation.
Under normal circumstances, the ETF will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity companies. The fund will invest primarily in common stocks of non-U.S. companies located or operating in both developed markets and emerging markets. The fund is non-diversified.
About Nomura Focused International Core ETF (EXUS)
There are 3 members of the management team with an average tenure of 1.12 years: Charles John (2025), Aditya Kapoor (2025) and Trey Schorgl (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Nomura Focused International Core ETF has 48 securities in its portfolio. The top 10 holdings constitute 39.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Nomura Focused International Core ETF is part of the Equity global asset class and is within the International Equity ETF group. Nomura Focused International Core ETF has 83.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 14.5% There is 83.0% 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). Nomura Focused International Core ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $96 million in total assets, which is below the $9 billion average for the Foreign Large Blend 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.
EXUS 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 Nomura Focused International Core ETF expense ratio is average compared to funds in the Foreign Large Blend category. Nomura Focused International Core ETF has an expense ratio of 0.59%, which is 49% higher than its category average, making the fund expense ratio grade a D. 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. Nomura Focused International Core ETF has a portfolio turnover rate of 133%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Nomura Focused International Core ETF returned -1.1%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 1.1%. 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.
Nomura Focused International Core ETF has a trailing yield of 0.03%, which is below the 2.56% category average.
The fund normally distributes its income annually 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.
Nomura Focused International Core ETF Grades
Year to date, the ETF has returned 7.8%, 4.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.8% over the past year (grade of F).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Nomura Focused International Core ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
EXUS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EXUS Return (NAV) | -1.1% | 5.8% | 11.8% | na | na | na |
| EXUS Return (Price) | -2.4% | 4.4% | 11.8% | na | na | na |
| NAV +/- Price Return | 1.243% | 1.377% | -0.021% | na | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| EXUS Grade (NAV) | F | B | F | na | na | na |
| +/- Category (NAV) | -2.3% | 1.4% | -13.2% | na | na | na |
| EXUS Tax-Cost Ratio | na | na | 0.0% | na | na | na |
EXUS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EXUS Return (NAV) | 7.8% | na | na | na | na | na | na | na | na | na | na |
| EXUS Return (Price) | 7.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.061% | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| EXUS Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -4.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 97 Mil |
| Share Class Assets: | $ 97 Mil |
| Turnover: | 133.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): John Charles (2025), Kapoor Aditya (2025), Schorgl Trey (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 48 |
| % in Top 10 Holdings: | 39.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 83.0% |
Portfolio Allocation |
|
| Domestic Stock: | 14.5% |
| Foreign Stock: | 83.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.3% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Nomura |
| Phone Number: | 844-469-9911 |
| Website: | global.nomuraassetmanagement.com/investments/etf |
| Inception Date: | June 17, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.40% |
