Macquarie Focused International Core ETF Stock Price, News & Analysis

Nomura ETF Trust Nomura Focused International Core ETF (EXUS) is an exchange-traded fund that provides exposure to an actively managed international core equity strategy. According to available information, the fund is associated with the Macquarie ETF Trust platform and is linked to Macquarie Asset Management’s international core equity approach, implemented in an ETF format under the EXUS ticker.

The ETF is described as an actively managed fund that does not seek to replicate a specific index. Instead, its manager applies the fund’s investment strategies and selects securities in an effort to achieve the fund’s investment objectives. The strategy is designed to invest in international markets and to hold a limited number of stocks, with a focus on companies whose long-run earnings drivers are viewed as underappreciated. The portfolio construction emphasizes granular, stock-specific risks while seeking to limit exposure to broader country and factor risks.

The fund’s approach is characterized as style-agnostic, meaning it is not constrained to a single investment style such as growth or value. The team behind the strategy aims to identify what it considers self-sustaining business models and to build a balanced and diversified portfolio. The stated goal is to deliver consistent returns over the long term, rather than targeting extreme performance at higher levels of risk.

As an international equity ETF, EXUS is subject to a range of risks described in its fund materials. These include market risk, where broad market conditions may cause securities to decline in value; foreign and emerging markets risk, reflecting political, economic, currency, and regulatory uncertainties in non‑U.S. markets; and company size risk, where securities of small- and medium-sized companies may be more volatile than those of larger issuers. The fund may also face liquidity risk, where certain investments cannot be readily sold at prices close to their assessed value.

The fund’s strategy can involve a limited number of securities, which means that movements in a single holding may have a greater impact on overall fund performance than in more widely diversified portfolios. The fund may be treated as nondiversified under applicable regulations, allowing a larger portion of assets to be invested in fewer issuers, which can increase volatility in the value of its shares.

Geographic and sector exposures may also influence risk. The fund’s materials highlight industry and sector risk, where changes in expectations for a particular industry or sector can affect the value of related securities, and geographic focus risk, where concentration in a single country or region can heighten sensitivity to local political and economic events. Specific reference is made to the Asia‑Pacific region and the greater China region as areas where markets can experience significant volatility due to social, economic, regulatory, and political factors.

Shares of EXUS trade on an exchange at market prices, which may differ from the fund’s net asset value (NAV). The NAV is calculated at the end of each business day based on the value of the fund’s holdings, while the market price fluctuates throughout the trading day according to supply and demand and changes in the value of the underlying portfolio. As a result, shares may trade at a premium or discount to NAV, a dynamic that can be more pronounced in periods of market stress or steep market declines.

Because EXUS is actively managed, there is no assurance that the manager’s decisions will achieve the desired outcomes. Securities selected for the fund may perform differently than securities held by other funds with similar objectives, and investment decisions may lead to losses or underperformance relative to other exchange-traded funds with comparable goals. The fund’s disclosures emphasize that investing in any ETF involves the risk of losing part or all of the invested capital.

EXUS is part of the broader Macquarie ETF Trust range, which is distributed by Foreside Financial Services, LLC. Investment advisory services for Macquarie ETF Trust funds are provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, which is registered with the U.S. Securities and Exchange Commission as an investment adviser. Macquarie Asset Management is described as an integrated asset manager across public and private markets, offering capabilities that include real assets, real estate, credit, equities, and multi‑asset strategies.

According to information from Macquarie Group, Macquarie Asset Management is part of Macquarie Group Limited, a diversified financial group that provides asset management, finance, banking, advisory, and risk and capital solutions across debt, equity, and commodities. The fund’s materials also clarify that obligations of Macquarie Group entities involved with the fund are not guaranteed by Macquarie Bank Limited, and that investments in the fund are not bank deposits, are not insured by the Federal Deposit Insurance Corporation, and may lose value.

Prospective investors are directed in the fund’s disclosures to carefully review the prospectus or summary prospectus for detailed information on investment objectives, risks, charges, and expenses. These documents provide the primary reference for understanding how EXUS is managed, the types of securities it may hold, and the specific risk factors that apply to this international core equity ETF.