Aztlan North America Nearshoring Stock Selection ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About NRSH
The Fund uses a “passive management”(or indexing) approach to track the performance, before fees and expenses, of the Index. The Index is based on a proprietary methodologycreated by Aztlan Equity Management, LLC (“Aztlan”) that follows a non-discretionary, rules-based methodology to determinethe universe of potential Index components. The Index is owned, published, and administered by Aztlan, and it is calculated byS&P Dow Jones Indices. What is Nearshoring? Nearshoring is a business strategy involvingthe transfer of some or all of a company’s operations to a nearby country. The strategy offers various benefits, includingcost savings, similar time zones, and cultural similarities. In addition, it mitigates some of the risks associated with offshoring,like communication and logistic complexities. Aztlan North America Nearshoring PriceReturn Index The Index will include equity securitieslisted on regulated exchanges in the United States, Canada, and Mexico. The Index will be comprised of securities of 30 companiesconsidered to be direct beneficiaries of the nearshoring secular trend in North America (each such company, a “NearshoringCompany”). Each Index constituent must have a marketcapitalization of at least $500 million USD at the time of its initial inclusion in the Index. Additionally, each Index constituentmust have an average daily trading volume exceeding $2 million over the 30 business days leading up to and including the SelectionDay (as described below). The initial universe is limited to companiesthat Aztlan’s research has determined will have a pecuniary benefit from nearshoring activities across North America. Nearshoringactivities include companies bringing jobs, manufacturing, and business activities back to North America. Nearshoring activitiesmay occur across industries, and may currently be most prevalent among producers of semi-conductors or industrial products, materialscompanies, transportation companies, cyber-security companies, defense companies and infrastructure companies. Aztlan identifiesnearshoring companies through company disclosures, trade publications, and industry research, targeting businesses opening newNorth American facilities, expanding operations, supporting nearshoring activities or exposed to government efforts to stimulatethese activities. On an annual basis in November, prior tothe December rebalance, the Index narrows the initial universe to 70 potential constituents by calculating a 12-month average scoreacross five equally weighted fundamental factors: ● Value – Assessed using trailing earnings yield and forward earnings yield, which relate to a stock’s relative valuation and future profitability expectations. ● Cash Flow – Evaluated through free cash flow yield and dividend yield, measuring a company’s ability to generate cash and provide income. ● Growth – Analyzed via historical earnings per share (EPS) growth and year-over-year EPS forecasts, offering perspectives on past momentum and future potential. ● Quality – Determined using average return on equity over five years and recent changes in return on equity, assessing long-term profitability and operational efficiency. ● Estimate Surprise – A proprietary model ranks stocks based on their likelihood of exceeding consensus earnings per share estimates. The Index evaluates these factors usingpublicly available company data. From the 70 remaining companies, a proprietaryquantitative fundamental model ranks stocks based on these five factors. The 30 highest-ranked stocks are selected and equallyweighted in the Index. The Index is rebalanced quarterly in March, June, September, and December to reflect the latest selectionof Index components determined on the Selection Day. The “Selection Day” generally occurs five business days beforethe scheduled rebalance day. For a detailed explanation of these factors and the Index’s calculation methodology, pleasesee the “Additional Information about the Index” section of the Fund’s Prospectus. The Fund’s Investment Strategy The Fund will invest all, or substantiallyall, of its assets in the component securities that make up the Index (the “Index Components”).Under normal circumstances, at least 80%of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be invested in equity securitiesof Nearshoring Companies that are component securities of the Index and that are incorporated in or that are listed in the UnitedStates, Canada, or Mexico. The 80% policy has been adopted as a non-fundamental investment policy and may be changed without shareholderapproval upon approval by the Board of Trustees (the “Board”) of Tidal Trust I (the “Trust”) and 60 days’written notice to shareholders. The Fund will generally use a “replication”strategy to achieve its investment objective, meaning it generally will invest in all of the Index Components. However, the Fundmay use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whoserisk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, whenthe Adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficultiesor substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictionsor limitations that apply to the Fund but not to the Index). The Fund may invest in securities or otherinvestments not included in the Index, but which the Adviser believes will help the Fund track the Index. For example, the Fundmay invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index(such as reconstitutions, additions, and deletions). To the extent the Index concentrates (i.e.,holds more than 25% of its total assets in the securities of a particular industry or group of related industries), the Fund willconcentrate its investments to approximately the same extent as the Index. The Fund is considered to be non-diversified,which means that it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuersthan if it were a diversified fund.
NRSH News
- How Aztlan North America Nearshoring Stock Selection Etf (NRSH) Affects Rotational Strategy Timing
- Understanding the Setup: (NRSH) and Scalable Risk
- The Technical Signals Behind (NRSH) That Institutions Follow
- The Technical Signals Behind (NRSH) That Institutions Follow
- Precision Trading with Aztlan North America Nearshoring Stock Selection Etf (NRSH) Risk Zones
- Short Interest in Aztlan North America Nearshoring Stock Selection ETF (NYSEARCA:NRSH) Drops By 43.3%
- Technical Reactions to NRSH Trends in Macro Strategies
Data for NRSH is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.