ETF Evaluator: Nomura High Yield Total Return ETF () Follow This ETF

Nomura High Yield Total Return ETF Overview

Nomura High Yield Total Return ETF (HFIX) is an actively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). Nomura launched the ETF in 2026.

The investment seeks current yield and capital growth. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of high yield bonds (also known as “junk bonds”) rated below investment grade by Moody’s, S&P, or Fitch, or, if unrated, determined to be of comparable quality by Nomura Corporate Research and Asset Management Inc. (“NCRAM” or the “Sub-Adviser”), the fund’s sub-adviser.

About Nomura High Yield Total Return ETF (HFIX)

There are 4 members of the management team with an average tenure of 0.07 years: Amy Chang (2026), Chris Parham (2026), Stephen Kotsen (2026) and David Crall (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

Nomura High Yield Total Return ETF has 958 securities in its portfolio. The top 10 holdings constitute 9.7% 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.

Nomura High Yield Total Return ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Nomura High Yield Total Return ETF has 9.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 93.2% (83.3% domestic bond, 9.9% foreign bond and 0.0% convertible bond). Nomura High Yield Total Return ETF has 6.5% of the portfolio in cash.

Assets Under Management

The fund has $75 million in total assets, which is below the $1 billion average for the High Yield Bond 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.

HFIX 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 High Yield Total Return ETF expense ratio is average compared to funds in the High Yield Bond category. Nomura High Yield Total Return ETF has an expense ratio of 0.45%, which is 14% 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 High Yield Total Return ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 58% for the High Yield Bond category.

Recently, in the month of October 2026, Nomura High Yield Total Return ETF returned 0.0%, which earned it a grade of NA, as the High Yield Bond category had an average return of 0.4%. 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 High Yield Total Return ETF has a trailing yield of 0.00%, which is below the 6.94% category average. The fund normally distributes its income monthly 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.

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