NRSH ETF — Aztlan North America Nearshoring Stock Selection ETF

Aztlan North America Nearshoring Stock Selection ETF (NRSH)

Updated October 9, 2026.

NRSH is an ETF. its distribution rate is 0.31%, its trailing-12-month yield is 0.31%, its expense ratio is 0.76%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 56.9% over the past 2.9 years, 20.0 points behind SPY at 76.9%.

At the current 0.31% distribution rate, a $10,000 investment would generate approximately $31 per year if the next payment matches the last regular one.

Aztlan North America Nearshoring Stock Selection ETF is an ETF that tracks an index of companies in nearshoring-related industries, including industrial and specialized real estate, real estate management, ground and air transportation, transportation infrastructure, and marine transportation. The fund has a low current distribution rate and pays distributions annually, with an expense ratio of 0.76%. It appeals to investors seeking exposure to the nearshoring trend through infrastructure and logistics-focused equity sectors.

NRSH performance versus SPY

Price and return data through 2026-10-09.

Total return is 56.9% over the past 2.9 years, 20.0 points behind SPY at 76.9%. Over the past year its total return — price change plus distributions reinvested — is 34.2%. Its deepest 1-year drawdown was 13.8%.

NRSH key facts

Distribution Safety Score™

50 · Unproven

Issuer

Aztlan

Asset type

ETF

Asset class

Equity

Inception date

11/29/2023

Expense ratio

0.76%

Distribution rate

0.31%

Distribution frequency

Annual

Trailing yield

0.31%

Last close

$31.43 (as of 2026-10-09)

AUM

$33,669,607

Average volume

1816.0

Dividend

$0.096

Ex-dividend date

12/24/2025

Payment date

12/26/2025 (as of 2025-12-26)

Beta

1.5325

P/E ratio

30.4036

How Dividend Vision calculates yield and returns

Distribution rate (0.31%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.31%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Aztlan; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NRSH risks and drawbacks

NRSH's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.8%.

Who may consider NRSH — and who may not

It is a weaker fit for investors who need monthly cash flow (NRSH pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Aztlan.