  Shell ferromagnetism is a new functional property of certain Heusler alloys
which has been recently observed in
$\mathrm{Ni}_{50}\mathrm{Mn}_{45}\mathrm{In}_{5}$. We report the results of a
comparative study of the magnetic microstructure of bulk
$\mathrm{Ni}_{50}\mathrm{Mn}_{45}\mathrm{In}_{5}$ Heusler alloys using
magnetometry, synchrotron x-ray diffraction, and magnetic small-angle neutron
scattering (SANS). By combining unpolarized and spin-polarized SANS (POLARIS)
we demonstrate that a number of important conclusions regarding the mesoscopic
spin structure can be made. In particular, the analysis of the magnetic neutron
data suggests that nanoprecipitates with an effective ferromagnetic component
form in an antiferromagnetic matrix on field annealing at $700 \, \mathrm{K}$.
These particles represent sources of perturbation, which seem to give rise to
magnetically disordered regions in the vicinity of the particle-matrix
interface. Analysis of the spin-flip SANS cross section via the computation of
the correlation function yields a value of $\sim 55 \, \mathrm{nm}$ for the
particle size and $\sim 20 \, \mathrm{nm}$ for the size of the spin-canted
region.
