NYLI FTSE International Equity Currency Neutral ETF (HFXI) is an exchange-traded fund that seeks to provide investment results corresponding to the FTSE Developed ex North America Currency Neutral Index before fees and expenses. The fund offers exposure to large- and mid-cap companies from developed markets outside of North America, with currency risk hedged to the U.S. dollar using forward contracts; it employs a representative sampling strategy to track the index, holding approximately 500 securities across sectors including financials, industrials, consumer discretionary, health care, and information technology. HFXI provides investors with diversified international equity access without direct currency exposure, targeting institutional and retail investors seeking cost-effective global diversification; it is managed by New York Life Investments, part of New York Life Insurance Company founded in 1845 and headquartered in New York City, with operations primarily in the United States. The ETF, launched in 2015, lists on the NYSE Arca and maintains a low expense ratio, focusing on developed markets such as Europe, Japan, Australia, and others. Recent developments include expanded index methodology updates by FTSE Russell in 2024 to enhance liquidity screening and quarterly rebalancing, alongside New York Life Investments' strategic enhancements to ETF lineup through 2025, such as improved hedging techniques amid volatile currency markets; no major acquisitions or name changes reported in the last two years, though the firm continues to emphasize sustainable investing integrations across its offerings.