Fund Evaluator:
Nia Impact Solutions (NIAGX)
Follow This Fund
Best Performing in Global Small/Mid Stock Over the Last Year
| 43.3% | AMG Yacktman Global N (YFSNX) |
| 36.9% | Third Avenue Value Investor (TVFVX) |
| 27.6% | Domini Sustainable Solutions Inv (CAREX) |
| 27.6% | Oberweis Global Opportunities Investor (OBEGX) |
| 18.2% | Fidelity Advisor Low-Priced Stock Z (FLPGX) |
Fund Details
Nia Impact Solutions Overview
Nia Impact Solutions (NIAGX) is an actively managed International Equity Global Small/Mid Stock fund. Nia Impact Capital launched the fund in 2022.
The investment seeks long-term capital appreciation by investing in companies that contribute towards advancements in the areas of diversity and inclusion, sustainability and/or social justice. Under normal circumstances the fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities of U.S. and non-U.S. companies, including emerging market companies that meet the Adviser’s environmental, social, and corporate governance (“ESG”) criteria at the time of investment.
About Nia Impact Solutions (NIAGX)
There are 2 members of the management team with an average tenure of 3.19 years: Kristin Hull (2022), Jethro Townsend (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI IMI NR USD index with a weighting of 100%. Nia Impact Solutions has 56 securities in its portfolio. The top 10 holdings constitute 35.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Nia Impact Solutions is part of the Equity global asset class and is within the International Equity fund group. Nia Impact Solutions has 23.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 67.1%. There is 23.6% 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). Nia Impact Solutions has 9.4% of the portfolio in cash.
Assets Under Management
The fund has $90 million in total assets, which is below the $858 million average for the Global Small/Mid Stock 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.
NIAGX 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 Nia Impact Solutions expense ratio is high compared to funds in the Global Small/Mid Stock category. Nia Impact Solutions has an expense ratio of 0.97%, which is 23% lower than its category average, making the fund expense ratio grade a B. 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. Nia Impact Solutions has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Global Small/Mid Stock category.
Recently, in the month of August 2026, Nia Impact Solutions returned 3.0%, which earned it a grade of A, as the Global Small/Mid Stock category had an average return of 1.9%. 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 funds in that category.
Nia Impact Solutions has a trailing yield of 0.24%, which is below the 1.30% 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.
Nia Impact Solutions Grades
Year to date, the fund has returned 8.8%, 4.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.5% over the past year (grade of D) and 15.2% over the past three years (grade of A).
For more mutual fund 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 Nia Impact Solutions, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
NIAGX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NIAGX Return (NAV) | 3.0% | -0.3% | 11.5% | 15.2% | na | na |
| NIAGX Grade | A | D | D | A | na | na |
| +/- Category | 1.1% | -1.5% | -3.5% | 3.5% | na | na |
| Global Small/Mid Stock Avg | 1.9% | 1.1% | 15.0% | 11.7% | 2.8% | 8.4% |
| NIAGX Tax Cost Ratio | na | na | 0.1% | 0.2% | na | na |
NIAGX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NIAGX Return (NAV) | 8.8% | 16.3% | 10.9% | 13.1% | na | na | na | na | na | na | na |
| NIAGX Grade | F | B | A | D | na | na | na | na | na | na | na |
| +/- Category | -4.2% | 2.1% | 8.0% | -3.3% | na | na | na | na | na | na | na |
| Global Small/Mid Stock Avg | 13.0% | 14.2% | 2.9% | 16.5% | -22.3% | 16.1% | 27.5% | 27.6% | -14.0% | 26.0% | 7.9% |
| Risk Measures | |
| Standard Deviation: | 13.9% |
| Total Risk Index: | 1.14 - Above Average |
| Category Risk Index: | 0.83 - Low |
| Category Risk Grade: | A (16% Rank) |
| Beta: | 0.96 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $90 Mil |
| Fund Total Assets: | $ 90 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.3 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Hull Kristin (2022), Townsend Jethro (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 35.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 23.6% |
Portfolio Allocation |
|
| Domestic Stock: | 67.1% |
| Foreign Stock: | 23.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 9.4% |
Purchase Information
| Fund Family: | Nia Impact Capital |
| Phone Number: | 833-571-2833 |
| Website: |
| Status: | Open |
| Inception Date: | May 10, 2022 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.97% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.26% |
| Share Class: | Nia Impact Solutions |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
