HFXI ETF — NYLI FTSE International Equity Currency Neutral ETF

NYLI FTSE International Equity Currency Neutral ETF (HFXI)

HFXI is a low-cost ETF. its distribution rate is 2.44%, its trailing-12-month yield is 2.81%, its expense ratio is 0.20%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Total return is 167.4% over the past 11.2 years, 165.9 points behind SPY at 333.3%.

At the current 2.44% distribution rate, a $10,000 investment would generate approximately $244 per year, or about $61.00 per quarter if the next payment matches the last regular one.

This ETF tracks an international developed-markets equity index while hedging approximately half of its currency exposure against the U.S. dollar on a monthly basis, aiming to reduce fluctuations from foreign exchange movements. The fund distributes quarterly income at a modest current rate with a low expense ratio. It appeals to income-focused investors seeking international equity exposure with reduced currency volatility.

HFXI performance versus SPY

Price and return data through 2026-09-18.

Total return is 167.4% over the past 11.2 years, 165.9 points behind SPY at 333.3%. Over the past year its total return — price change plus distributions reinvested — is 24.0%. Its deepest 1-year drawdown was 10.8%.

HFXI key facts

Distribution Safety Score™

74 · Generally safe

Safety-Adjusted Yield

1.81%

Issuer

New York Life Investments

Asset type

ETF

Asset class

Equity

Inception date

07/22/2015

Expense ratio

0.20%

Distribution rate

2.44%

Distribution frequency

Quarterly

Trailing yield

2.81%

Last close

$37.20 (as of 2026-09-18)

NAV

$37.41

Premium / discount

0.56% discount

AUM

$2,244,565,758

Average volume

296600.0

Last dividend

$0.227

Last ex-dividend date

06/18/2026 (as of 2026-06-18)

Last payment date

06/22/2026 (as of 2026-06-22)

Beta

0.89

P/E ratio

18.3079

How Dividend Vision calculates yield and returns

Distribution rate (2.44%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.81%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: New York Life Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HFXI risks and drawbacks

HFXI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.8%.

Who may consider HFXI — and who may not

HFXI may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (HFXI pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from New York Life Investments.