{
 "ticker": "NSI",
 "name": "National Security Emerging Markets Index ETF",
 "issuer": "not established",
 "desk": "themes",
 "url": "https://etfiq.com/funds/NSI",
 "html": "https://etfiq.com/funds/NSI",
 "markdown": "https://etfiq.com/funds/NSI.md",
 "as_of": "2026-09-11",
 "verdict": "NSI holds 104 stocks, and 100% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NSI, already in the S&P 500: 0.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NSI, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "49.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NSI, top ten holdings: 49.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+23.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NSI, total return, 1 year: +23.6%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$42m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "NSI, net assets: $42m (SEC filing, whole fund, as filed for May 31, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Mar 25, 2026",
   "as_of": "2026-09-11",
   "sentence": "NSI, expense ratio: 0.75% (485BPOS XBRL, Mar 25, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy security and critical technology",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Dec 7, 2023",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "4.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.4%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "49.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "104",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 31, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 16.6%, SAMSUNG ELECTRONICS CO LTD 9.5%, HON HAI PRECISION INDUSTRY COMPANY LTD 3.8%, ASE TECHNOLOGY HOLDING CO LTD 3.8%, CHINA CONSTRUCTION BANK CORP 3.5%, PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD 2.6%, PDD HOLDINGS INC 2.5%, NASPERS LTD 2.3%, RELIANCE INDUSTRIES LTD 2.3%, NETEASE INC 2.1%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$42m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22123.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Mar 25, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.75%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "JHAI 16%, THMZ 12%, FRWD 12%, FDCF 12%, CARZ 11%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+0.6%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22122.7 pts",
   "Gap to Nasdaq-100": "+1.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+10.8%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22125.2 pts",
   "Gap to Nasdaq-100": "\u22129.9 pts"
  },
  {
   "window": "1 year",
   "Total return": "+23.6%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+6.1 pts",
   "Gap to Nasdaq-100": "+0.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+62.3%",
   "S&P 500": "+72.5%",
   "Gap to S&P 500": "\u221210.2 pts",
   "Gap to Nasdaq-100": "\u221223.7 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of NSI is in S&P 500 companies?",
   "a": "By its holdings filed for May 31, 2026, 0% of NSI by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does NSI hold?",
   "a": "104 positions as filed for May 31, 2026, with the top ten at 49% of the fund. The largest are TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD at 16.6%, SAMSUNG ELECTRONICS CO LTD at 9.5%, HON HAI PRECISION INDUSTRY COMPANY LTD at 3.8%."
  },
  {
   "q": "Has NSI beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 NSI returned +23.6% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 6.1 points."
  },
  {
   "q": "What does NSI cost?",
   "a": "The prospectus expense ratio is 0.75% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.75%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}