ETF Evaluator: NYLI FTSE International Eq Ccy Netrl ETF (HFXI) Follow This ETF

NYLI FTSE International Eq Ccy Netrl ETF Overview

NYLI FTSE International Eq Ccy Netrl ETF (HFXI) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). New York Life Investment Management LLC launched the ETF in 2015.

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the FTSE Developed ex North America 50% Hedged to USD Index. The underlying index is an equity benchmark of international stocks from developed markets, with approximately half of the currency exposure of the securities included in the underlying index "hedged" against the U.S. dollar on a monthly basis. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its underlying index.

About NYLI FTSE International Eq Ccy Netrl ETF (HFXI)

There are 2 members of the management team with an average tenure of 6.85 years: Greg Barrato (2015) and Francis Ok (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and FTSE Dvlp ex NA 50% (US RIC) NR Hdg USD index with a weighting of 100%. NYLI FTSE International Eq Ccy Netrl ETF has 821 securities in its portfolio. The top 10 holdings constitute 17.1% 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.

NYLI FTSE International Eq Ccy Netrl ETF is part of the Equity global asset class and is within the International Equity ETF group. NYLI FTSE International Eq Ccy Netrl ETF has 98.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.6% There is 98.7% allocated to foreign stock, and 0.2% 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). NYLI FTSE International Eq Ccy Netrl ETF has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $1 billion 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.

HFXI 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 NYLI FTSE International Eq Ccy Netrl ETF expense ratio is below average compared to funds in the Foreign Large Blend category. NYLI FTSE International Eq Ccy Netrl ETF has an expense ratio of 0.20%, which is 49% 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. NYLI FTSE International Eq Ccy Netrl ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 39% for the Foreign Large Blend category.

Recently, in the month of June 2026, NYLI FTSE International Eq Ccy Netrl ETF returned 0.9%, which earned it a grade of B, as the Foreign Large Blend category had an average return of -0.1%. 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.

NYLI FTSE International Eq Ccy Netrl ETF has a trailing yield of 3.29%, which is above the 2.63% 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.

NYLI FTSE International Eq Ccy Netrl ETF Grades

Year to date, the ETF has returned 17.5%, 6.6 percentage points better than the category, which translates into a grade of A. The fund has returned 33.6% over the past year (grade of A), 20.3% over the past three years (grade of A) and 12.6% per year over the past five years (grade of A) and 11.9% per year over the past 10 years (grade of A).

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