# NRSH (Aztlan North America Nearshoring Stock Selection ETF)

not established · Thematic ETFs · data as of Sep 11, 2026

NRSH holds 30 stocks, and 61% of its weight is outside the S&P 500.

## Key facts

- NRSH, already in the S&P 500: 39.1%, as of Sep 11, 2026.
- NRSH, active share vs the S&P 500: 92.6%, as of Sep 11, 2026.
- NRSH, top ten holdings: 39.8%, as of Sep 11, 2026.
- NRSH, total return, 1 year: +34.7%, as of Sep 11, 2026.
- NRSH, net assets: $28m (SEC filing, whole fund, as filed for Apr 30, 2026).
- NRSH, expense ratio: 0.76% (485BPOS XBRL, Nov 24, 2025).

## NRSH over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −9.3% | +3.3% | −12.6 pts | −8.5 pts |
| 6 months | +26.2% | +16.0% | +10.2 pts | +5.5 pts |
| 1 year | +34.7% | +17.5% | +17.2 pts | +11.7 pts |
| Since launch | +51.6% | +73.2% | −21.6 pts | −35.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Reshoring and manufacturing | ETFIQ, editorial |
| Launched | Nov 30, 2023 | ETFIQ |
| Already in the S&P 500, by weight | 39.1% | ETFIQ |
| Active share vs the S&P 500 | 92.6% | ETFIQ |
| Already in the Nasdaq-100, by weight | 20.3% | ETFIQ |
| Active share vs the Nasdaq-100 | 88.9% | ETFIQ |
| Top ten holdings weight | 39.8% | ETFIQ |
| Holdings | 30 | ETFIQ |
| Holdings as of | Apr 30, 2026 | SEC N-PORT |
| Top holdings | Sanmina Corp 4.7%, Ciena Corp 4.3%, Celestica Inc 4.2%, MYR Group Inc 4.2%, Microchip Technology Inc 4.1%, TFI International Inc 3.8%, MasTec Inc 3.7%, Ryerson Holding Corp 3.6%, Analog Devices Inc 3.6%, DXP Enterprises Inc/TX 3.6% | ETFIQ |
| Net assets | $28m | SEC filing, whole fund, as filed for Apr 30, 2026 |
| Below its all-time high | −11.6% | ETFIQ |
| Expense ratio | 0.76% | 485BPOS XBRL, Nov 24, 2025 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.82% | ETFIQ |
| Closest funds by holdings overlap | XAR 18%, TCAI 16%, SOXX 16%, SOXQ 15%, SMH 15% | ETFIQ |

## Questions

### How much of NRSH is in S&P 500 companies?

By its holdings filed for Apr 30, 2026, 39% of NRSH by weight is stocks the S&P 500 already holds. Its active share against the index is 93%, so that share is the part doing something different.

### What does NRSH hold?

30 positions as filed for Apr 30, 2026, with the top ten at 40% of the fund. The largest are Sanmina Corp at 4.7%, Ciena Corp at 4.3%, Celestica Inc at 4.2%.

### Has NRSH beaten the S&P 500?

Over the year to Sep 11, 2026 NRSH returned +34.7% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 17.2 points.

### What does NRSH cost?

The prospectus expense ratio is 0.76% a year. Because 93% of the fund differs from the S&P 500, the fee on that differing part works out at 0.82%.


## Cite this page

ETFIQ, NRSH, data as of Sep 11, 2026. https://etfiq.com/funds/NRSH
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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