Research Affiliates Deletions ETF
NIXT
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- Research Affiliates Deletions ETF (NIXT) is an exchange-traded fund that tracks an index constructed by Research Affiliates LLC, focusing on U.S. equities identified for removal or deletion from major capitalization-weighted benchmarks such as the S&P 500 or Russell 1000; the fund employs a rules-based methodology to capture stocks experiencing negative momentum from index reconstitutions, rebalances, or corporate events like mergers and spin-offs. Core offerings include passive investment exposure to this proprietary deletions index via shares listed on major U.S. exchanges, with low expense ratios typical of smart beta ETFs; it provides institutional and retail investors a thematic strategy for tactical allocation amid market rotations. Headquartered in Newport Beach, California, Research Affiliates LLC, founded in 2002 as the index provider and sponsor, operates globally with offices in Europe and Asia, targeting asset managers, pension funds, and financial advisors in the investment management industry. The ETF launched in late 2023 as part of Research Affiliates' expansion into active index strategies beyond traditional factor-based products like RAFI indices. Recent developments include enhanced index methodology updates in 2025 to incorporate real-time deletion signals from multiple benchmark providers, improving responsiveness to market dynamics; a strategic partnership with a major ETF issuer was announced in mid-2025 to broaden distribution channels. No significant acquisitions or funding rounds reported for the ETF itself, though Research Affiliates continues to integrate deletions theme into broader multi-asset solutions amid rising interest in non-traditional equity factors.