NRSH Fees and Costs — Aztlan North America Nearshoring Stock Selection ETF
Data updated: 2026-10-13
The net expense ratio is 0.76%: a 0.75% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0912% of average net assets, and portfolio turnover was 184%.
NRSH Fees and Expenses
Annual operating expenses and sales charges of NRSH. Prospectus, as of November 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
NRSH Costs Over Time
On $10,000 invested in NRSH, assuming 5% a year before costs, total costs come to $534 over 5 years, cutting the return by 0.89% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $534 |
| Value after costs | $10,411 | $11,283 | $12,229 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
NRSH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0912%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 184%
NRSH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $8K | 36.69% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $5K | 23.59% |
| BTIG LLC | $3K | 16.20% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $2K | 11.41% |
| PERSHING LLC | $2K | 10.79% |
| TELSEY ADVISORY GROUP LLC | $214 | 1.04% |
| ROBERT W. BAIRD & CO. INCORPORATED | $30 | 0.15% |
| CITIGROUP GLOBAL MARKETS INC. | $16 | 0.08% |
| MORGAN STANLEY & CO. LLC | $11 | 0.05% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.