Aztlan North America Nearshoring Stock Selection ETF (NRSH) Fund Overview

Aztlan North America Nearshoring Stock Selection ETF (NRSH) Financial Services Profile

Aztlan North America Nearshoring Stock Selection ETF (NRSH) is a non-diversified fund targeting North American companies benefiting from the nearshoring trend in sectors like transportation, logistics, and real estate. The fund's strategy focuses on mirroring the performance of its underlying index, offering investors exposure to this specific economic theme.

What Is the Investment Thesis for NRSH?

NRSH presents a focused investment opportunity targeting the nearshoring trend in North America. The fund's concentration in specific sectors like transportation, logistics, and real estate offers potential for growth as companies increasingly relocate operations to the region. With a beta of 1.23, NRSH exhibits higher volatility compared to the broader market, which could lead to amplified returns during periods of economic expansion in North America. The primary value driver is the continued growth of nearshoring, driven by factors such as rising labor costs in Asia, supply chain disruptions, and the desire for greater proximity to North American markets. However, potential risks include economic slowdowns in North America, which could reduce nearshoring activity, and increased competition within the targeted sectors.

Based on FMP financials and quantitative analysis

NRSH Key Highlights

NRSH focuses on companies involved in industries that directly support or facilitate nearshoring activities within North America.

• The fund's investment universe includes companies classified under specific Global Industry Classification Standard (GICS) codes.
• NRSH is a non-diversified fund, investing all or substantially all of its assets in the component securities that constitute its underlying index.
• NRSH has a market capitalization of $0.01 billion as of March 16, 2026.
• The fund has a beta of 1.23, indicating higher volatility compared to the broader market.

Who Are NRSH's Competitors?

NRSH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are NRSH's Key Strengths?

Focused exposure to the growing nearshoring trend.

• Transparent and rules-based investment approach.
• Potential for high growth in targeted sectors.
• Non-diversified structure allows for concentrated exposure.

What Are NRSH's Weaknesses?

Non-diversified structure increases risk.

• Sensitivity to economic conditions in North America.
• Limited track record as a relatively new ETF.
• Small market capitalization may limit liquidity.

What Are the Key Risks for NRSH?

Economic slowdown in North America reducing nearshoring activity.

• Increased competition within the targeted sectors.
• Changes in trade policies that discourage nearshoring.
• Geopolitical risks affecting North American supply chains.
• The fund's non-diversified structure increases risk.

What Are NRSH's Competitive Advantages?

• First-mover advantage in the nearshoring ETF space.
• Focused investment strategy targeting a specific economic theme.
• Transparent and rules-based approach to index replication.
• Low expense ratio compared to actively managed funds.

What Does NRSH Do?

Aztlan North America Nearshoring Stock Selection ETF (NRSH) is designed to provide investors with targeted exposure to North American companies poised to benefit from the increasing trend of nearshoring. Nearshoring refers to the practice of relocating business operations to nearby countries, often to reduce costs, improve supply chain efficiency, and enhance responsiveness to regional markets. NRSH focuses on companies involved in industries that directly support or facilitate nearshoring activities. The fund's investment universe includes companies classified under specific Global Industry Classification Standard (GICS) codes, encompassing sectors such as Industrial REITs, Office REITs, Real Estate Management & Development, Specialized REITs, Ground Transportation, Air Freight & Logistics, Transportation Infrastructure, and Marine Transportation. By concentrating on these sectors, NRSH aims to capture the economic benefits generated by the expansion of nearshoring within North America. As a non-diversified fund, NRSH invests all or substantially all of its assets in the component securities that constitute its underlying index. This approach allows for a high degree of concentration in the targeted nearshoring theme, potentially leading to greater sensitivity to the performance of these specific companies and sectors. The fund's objective is to replicate the performance of its index, providing investors with a transparent and rules-based approach to accessing the nearshoring investment opportunity.

What Products and Services Does NRSH Offer?

• Invests in North American companies involved in nearshoring activities.
• Tracks an index focused on sectors like transportation, logistics, and real estate.
• Provides exposure to companies benefiting from the relocation of business operations to nearby countries.
• Offers a non-diversified investment approach for concentrated exposure to the nearshoring theme.
• Replicates the performance of its underlying index.
• Targets companies classified under specific GICS codes related to nearshoring.

How Does NRSH Make Money?

• NRSH generates revenue through management fees charged to investors.
• The fund's expense ratio covers operational costs and administrative expenses.
• NRSH's performance is directly linked to the performance of its underlying index and the companies it holds.

What Industry Does NRSH Operate In?

The asset management industry is characterized by intense competition, with numerous firms offering a wide range of investment products, including ETFs, mutual funds, and hedge funds. The growth of ETFs has been particularly strong in recent years, driven by their low cost, transparency, and flexibility. NRSH operates within this competitive landscape, differentiating itself by focusing on the specific theme of nearshoring in North America. The nearshoring trend is driven by factors such as rising labor costs in Asia, supply chain disruptions, and the desire for greater proximity to North American markets. This trend is expected to continue to grow, creating opportunities for companies in sectors such as transportation, logistics, and real estate.

Who Are NRSH's Key Customers?

• Institutional investors seeking exposure to the nearshoring trend.
• Retail investors interested in thematic investing.
• Financial advisors looking for targeted investment solutions.
• Pension funds and endowments seeking diversification.

NRSH Financials

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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