HFXI Fees and Costs — NYLI FTSE International Equity Currency Neutral ETF
Data updated: 2026-09-25
The net expense ratio is 0.20%: a 0.19% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $278K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 14%.
HFXI Fees and Expenses
Annual operating expenses and sales charges of HFXI. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HFXI Costs Over Time
On $10,000 invested in HFXI, assuming 5% a year before costs, total costs come to $142 over 5 years, cutting the return by 0.23% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.20%) | $21 | $66 | $115 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $77 | $142 |
| Value after costs | $10,477 | $11,499 | $12,621 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
HFXI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $278K
- Bought from dealers (principal trades, not a cost): $386.6M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $35.4M
- Net income from securities lending: $129K (0.011% of average net assets)
HFXI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $227K | 81.60% |
| CitiGroup Global Markets Inc. | $41K | 14.69% |
| VIRTU AMERICAS LLC | $9K | 3.11% |
| CITADEL SECURITIES LLC | $1K | 0.38% |
| MISCHLER FINANCIAL GROUP, INC. | $624 | 0.22% |
HFXI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $284.0M | 73.46% |
| BOFA SECURITIES, INC. | $63.3M | 16.38% |
| UBS SECURITIES LLC | $39.3M | 10.16% |
| MORGAN STANLEY & CO. LLC | $2K | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.