NYLIM International Small-Mid Cap Equity ETF(AMEX:NISM)

NISM is an actively managed ETF seeking long-term capital growth by investing in non-US small- and mid-cap equity securities. The fund typically holds 50100 securities, which may include common stock, preferred shares, convertible securities, ADRs/depositary receipts, REITs, and to a small limit, IPOs. Investments may be held in US and foreign currencies. Its advisor employs a combined top-down and bottom-up investment approach, using macroeconomic analysis to identify favorable regions and sectors, then selecting individual companies based on fundamental factors such as business quality, financial strength, management, and valuation. The fund aims to maintain broad diversification across countries, sectors, and industries, with holdings actively monitored and adjusted based on changing fundamentals or market conditions. Securities may be sold when considered fully valued, when business fundamentals deteriorate, or when position sizes exceed internal risk limits.