The ETF invests primarily in the equity securities of domestic and foreign companies expected to benefit, either directly or indirectly, from the increasing focus on climate change and environmentally sensitive carbon-based energy production. A great many businesses will not. The Fund employs a dual, reality-based mandate: (1) companies that produce carbon-based energy positioned to benefit from long-term global demand growth and developing structural supply insufficiency, and (2) remediation companies with existing and/or developing technologies that can alleviate the negative environmental impacts derived from the production and consumption of hydrocarbons.

Data as of: 04/16/2024
  • Ticker

    NVIR

  • CUSIP

    53656G514

  • ISIN

    US53656G5146

  • Fund Type

    Active Equity ETF

  • Exchange

    NYSE

  • Inception Date

    2/21/2023

  • Expense Ratio

    0.85%

  • Typical Number of Holdings

    30 to 50

  • Net Assets

    $3,501,201

Data as of: 04/17/2024
Daily Holdings
  • % Net Assets

    4.95%

  • Name

    Diamondback Energy Inc

  • Ticker

    FANG

  • CUSIP

    25278X109

  • Shares Held

    850

  • Market Value

    $173,358

  • % Net Assets

    4.38%

  • Name

    US BANK MMDA - USBGFS 7 06/01/2031

  • Ticker

    USBGFS7

  • CUSIP

    8AMMF0FT3

  • Shares Held

    153,275

  • Market Value

    $153,275

  • % Net Assets

    4.20%

  • Name

    Pioneer Natural Resources Co

  • Ticker

    PXD

  • CUSIP

    723787107

  • Shares Held

    550

  • Market Value

    $146,993

  • % Net Assets

    4.07%

  • Name

    ConocoPhillips

  • Ticker

    COP

  • CUSIP

    20825C104

  • Shares Held

    1,100

  • Market Value

    $142,483

  • % Net Assets

    3.99%

  • Name

    Exxon Mobil Corp

  • Ticker

    XOM

  • CUSIP

    30231G102

  • Shares Held

    1,176

  • Market Value

    $139,579

  • % Net Assets

    3.98%

  • Name

    PrairieSky Royalty Ltd

  • Ticker

    PSK CN

  • CUSIP

    BN320L4

  • Shares Held

    6,955

  • Market Value

    $139,175

  • % Net Assets

    3.93%

  • Name

    Williams Cos Inc/The

  • Ticker

    WMB

  • CUSIP

    969457100

  • Shares Held

    3,655

  • Market Value

    $137,611

  • % Net Assets

    3.83%

  • Name

    EQT Corp

  • Ticker

    EQT

  • CUSIP

    26884L109

  • Shares Held

    3,705

  • Market Value

    $134,121

  • % Net Assets

    3.72%

  • Name

    Suncor Energy Inc

  • Ticker

    SU

  • CUSIP

    867224107

  • Shares Held

    3,465

  • Market Value

    $130,215

  • % Net Assets

    3.68%

  • Name

    EOG Resources Inc

  • Ticker

    EOG

  • CUSIP

    26875P101

  • Shares Held

    970

  • Market Value

    $128,971

  • % Net Assets

    3.64%

  • Name

    Occidental Petroleum Corp

  • Ticker

    OXY

  • CUSIP

    674599105

  • Shares Held

    1,905

  • Market Value

    $127,292

  • % Net Assets

    3.55%

  • Name

    Chesapeake Energy Corp

  • Ticker

    CHK

  • CUSIP

    165167735

  • Shares Held

    1,425

  • Market Value

    $124,360

  • % Net Assets

    3.46%

  • Name

    Cheniere Energy Inc

  • Ticker

    LNG

  • CUSIP

    16411R208

  • Shares Held

    785

  • Market Value

    $121,102

  • % Net Assets

    3.11%

  • Name

    Schlumberger NV

  • Ticker

    SLB

  • CUSIP

    806857108

  • Shares Held

    2,115

  • Market Value

    $108,732

  • % Net Assets

    3.02%

  • Name

    Texas Pacific Land Corp

  • Ticker

    TPL

  • CUSIP

    88262P102

  • Shares Held

    180

  • Market Value

    $105,647

  • % Net Assets

    2.86%

  • Name

    CES Energy Solutions Corp

  • Ticker

    CEU CN

  • CUSIP

    BZ57CN7

  • Shares Held

    24,705

  • Market Value

    $100,053

  • % Net Assets

    2.38%

  • Name

    Itron Inc

  • Ticker

    ITRI

  • CUSIP

    465741106

  • Shares Held

    920

  • Market Value

    $83,499

  • % Net Assets

    2.16%

  • Name

    Pentair PLC

  • Ticker

    PNR

  • CUSIP

    G7S00T104

  • Shares Held

    945

  • Market Value

    $75,647

  • % Net Assets

    2.14%

  • Name

    Liberty Energy Inc

  • Ticker

    LBRT

  • CUSIP

    53115L104

  • Shares Held

    3,465

  • Market Value

    $74,775

  • % Net Assets

    2.08%

  • Name

    Ecolab Inc

  • Ticker

    ECL

  • CUSIP

    278865100

  • Shares Held

    330

  • Market Value

    $72,725

  • % Net Assets

    2.01%

  • Name

    Trican Well Service Ltd

  • Ticker

    TCW CN

  • CUSIP

    2869964

  • Shares Held

    22,415

  • Market Value

    $70,353

  • % Net Assets

    1.99%

  • Name

    Secure Energy Services Inc

  • Ticker

    SES CN

  • CUSIP

    B55SGV6

  • Shares Held

    8,705

  • Market Value

    $69,816

  • % Net Assets

    1.98%

  • Name

    Flowserve Corp

  • Ticker

    FLS

  • CUSIP

    34354P105

  • Shares Held

    1,495

  • Market Value

    $69,338

  • % Net Assets

    1.94%

  • Name

    Badger Meter Inc

  • Ticker

    BMI

  • CUSIP

    056525108

  • Shares Held

    440

  • Market Value

    $67,800

  • % Net Assets

    1.83%

  • Name

    Xylem Inc/NY

  • Ticker

    XYL

  • CUSIP

    98419M100

  • Shares Held

    500

  • Market Value

    $64,000

  • % Net Assets

    1.80%

  • Name

    Oil States International Inc

  • Ticker

    OIS

  • CUSIP

    678026105

  • Shares Held

    11,300

  • Market Value

    $62,941

  • % Net Assets

    1.73%

  • Name

    Veralto Corp

  • Ticker

    VLTO

  • CUSIP

    92338C103

  • Shares Held

    666

  • Market Value

    $60,533

  • % Net Assets

    1.72%

  • Name

    TETRA Technologies Inc

  • Ticker

    TTI

  • CUSIP

    88162F105

  • Shares Held

    13,600

  • Market Value

    $60,248

  • % Net Assets

    1.69%

  • Name

    Watts Water Technologies Inc

  • Ticker

    WTS

  • CUSIP

    942749102

  • Shares Held

    295

  • Market Value

    $59,080

  • % Net Assets

    1.65%

  • Name

    Fluor Corp

  • Ticker

    FLR

  • CUSIP

    343412102

  • Shares Held

    1,430

  • Market Value

    $57,715

  • % Net Assets

    1.61%

  • Name

    Permian Basin Royalty Trust

  • Ticker

    PBT

  • CUSIP

    714236106

  • Shares Held

    4,760

  • Market Value

    $56,358

  • % Net Assets

    1.60%

  • Name

    Franklin Electric Co Inc

  • Ticker

    FELE

  • CUSIP

    353514102

  • Shares Held

    555

  • Market Value

    $56,033

  • % Net Assets

    1.51%

  • Name

    IDEX Corp

  • Ticker

    IEX

  • CUSIP

    45167R104

  • Shares Held

    230

  • Market Value

    $52,728

  • % Net Assets

    1.47%

  • Name

    IDEXX Laboratories Inc

  • Ticker

    IDXX

  • CUSIP

    45168D104

  • Shares Held

    105

  • Market Value

    $51,405

  • % Net Assets

    1.41%

  • Name

    Enerflex Ltd

  • Ticker

    EFXT

  • CUSIP

    29269R105

  • Shares Held

    8,325

  • Market Value

    $49,367

  • % Net Assets

    1.37%

  • Name

    STEP Energy Services Ltd

  • Ticker

    STEP CN

  • CUSIP

    BD6RP33

  • Shares Held

    16,600

  • Market Value

    $48,140

  • % Net Assets

    1.08%

  • Name

    Calfrac Well Services Ltd

  • Ticker

    CFW CN

  • CUSIP

    BNLXSR1

  • Shares Held

    11,935

  • Market Value

    $37,978

  • % Net Assets

    0.95%

  • Name

    Energy Recovery Inc

  • Ticker

    ERII

  • CUSIP

    29270J100

  • Shares Held

    2,440

  • Market Value

    $33,428

  • % Net Assets

    0.90%

  • Name

    Sabine Royalty Trust

  • Ticker

    SBR

  • CUSIP

    785688102

  • Shares Held

    493

  • Market Value

    $31,591

  • % Net Assets

    0.64%

  • Name

    San Juan Basin Royalty Trust

  • Ticker

    SJT

  • CUSIP

    798241105

  • Shares Held

    4,493

  • Market Value

    $22,555

  • % Net Assets

    0.00%

  • Name

    Cash & Other

  • Ticker

    Cash&Other

  • CUSIP

    Cash&Other

  • Shares Held

    121

  • Market Value

    $121

Data as of: 04/17/2024
Daily Holdings
  • % Net Assets

    Name

    Ticker

    CUSIP

    Shares Held

    Market Value

  • 4.95%

    Diamondback Energy Inc

    FANG

    25278X109

    850

    $173,358

  • 4.38%

    US BANK MMDA - USBGFS 7 06/01/2031

    USBGFS7

    8AMMF0FT3

    153,275

    $153,275

  • 4.20%

    Pioneer Natural Resources Co

    PXD

    723787107

    550

    $146,993

  • 4.07%

    ConocoPhillips

    COP

    20825C104

    1,100

    $142,483

  • 3.99%

    Exxon Mobil Corp

    XOM

    30231G102

    1,176

    $139,579

  • 3.98%

    PrairieSky Royalty Ltd

    PSK CN

    BN320L4

    6,955

    $139,175

  • 3.93%

    Williams Cos Inc/The

    WMB

    969457100

    3,655

    $137,611

  • 3.83%

    EQT Corp

    EQT

    26884L109

    3,705

    $134,121

  • 3.72%

    Suncor Energy Inc

    SU

    867224107

    3,465

    $130,215

  • 3.68%

    EOG Resources Inc

    EOG

    26875P101

    970

    $128,971

  • 3.64%

    Occidental Petroleum Corp

    OXY

    674599105

    1,905

    $127,292

  • 3.55%

    Chesapeake Energy Corp

    CHK

    165167735

    1,425

    $124,360

  • 3.46%

    Cheniere Energy Inc

    LNG

    16411R208

    785

    $121,102

  • 3.11%

    Schlumberger NV

    SLB

    806857108

    2,115

    $108,732

  • 3.02%

    Texas Pacific Land Corp

    TPL

    88262P102

    180

    $105,647

  • 2.86%

    CES Energy Solutions Corp

    CEU CN

    BZ57CN7

    24,705

    $100,053

  • 2.38%

    Itron Inc

    ITRI

    465741106

    920

    $83,499

  • 2.16%

    Pentair PLC

    PNR

    G7S00T104

    945

    $75,647

  • 2.14%

    Liberty Energy Inc

    LBRT

    53115L104

    3,465

    $74,775

  • 2.08%

    Ecolab Inc

    ECL

    278865100

    330

    $72,725

  • 2.01%

    Trican Well Service Ltd

    TCW CN

    2869964

    22,415

    $70,353

  • 1.99%

    Secure Energy Services Inc

    SES CN

    B55SGV6

    8,705

    $69,816

  • 1.98%

    Flowserve Corp

    FLS

    34354P105

    1,495

    $69,338

  • 1.94%

    Badger Meter Inc

    BMI

    056525108

    440

    $67,800

  • 1.83%

    Xylem Inc/NY

    XYL

    98419M100

    500

    $64,000

  • 1.80%

    Oil States International Inc

    OIS

    678026105

    11,300

    $62,941

  • 1.73%

    Veralto Corp

    VLTO

    92338C103

    666

    $60,533

  • 1.72%

    TETRA Technologies Inc

    TTI

    88162F105

    13,600

    $60,248

  • 1.69%

    Watts Water Technologies Inc

    WTS

    942749102

    295

    $59,080

  • 1.65%

    Fluor Corp

    FLR

    343412102

    1,430

    $57,715

  • 1.61%

    Permian Basin Royalty Trust

    PBT

    714236106

    4,760

    $56,358

  • 1.60%

    Franklin Electric Co Inc

    FELE

    353514102

    555

    $56,033

  • 1.51%

    IDEX Corp

    IEX

    45167R104

    230

    $52,728

  • 1.47%

    IDEXX Laboratories Inc

    IDXX

    45168D104

    105

    $51,405

  • 1.41%

    Enerflex Ltd

    EFXT

    29269R105

    8,325

    $49,367

  • 1.37%

    STEP Energy Services Ltd

    STEP CN

    BD6RP33

    16,600

    $48,140

  • 1.08%

    Calfrac Well Services Ltd

    CFW CN

    BNLXSR1

    11,935

    $37,978

  • 0.95%

    Energy Recovery Inc

    ERII

    29270J100

    2,440

    $33,428

  • 0.90%

    Sabine Royalty Trust

    SBR

    785688102

    493

    $31,591

  • 0.64%

    San Juan Basin Royalty Trust

    SJT

    798241105

    4,493

    $22,555

  • 0.00%

    Cash & Other

    Cash&Other

    Cash&Other

    121

    $121

Data as of: 04/16/2024
  • Net Asset Value

    $28.01

  • NAV Change

    $-0.16

  • Median 30 Day Spread

    %

  • Market Price

    $28.01

  • Market Price Change

    $-0.16

  • Premium/Discount

    $0 | 0.01%

Historical Data

Premium/Discount Range (%)

Date

  • Greatest Premium

    0.14% 04/09/2024

  • Greatest Discount

    -0.32% 04/01/2024

  • Number of Days At

  • Premium:

    8

  • NAV:

    0

  • Discount:

    4

  • Days Within Percent of NAV

  • Percent of Days +/- 0.5% of NAV:

    100%

  • Number of Days +/- 0.5% of NAV:

    12

Data as of: 03/31/2024
  • NAV

  • 1 Month

    5.61%

  • YTD

    8.43%

  • 1 Year

    18.28%

  • 3 Year

    --

  • 5 Year

    --

  • Since Inception Annualized

    13.82%

  • Market Value

  • 1 Month

    5.58%

  • YTD

    8.47%

  • 1 Year

    18.28%

  • 3 Year

    --

  • 5 Year

    --

  • Since Inception Annualized

    13.83%

Data as of: 03/31/2024
  • 1 Month

    YTD

    1 Year

    3 Year

    5 Year

    Since Inception Annualized

  • NAV

    5.61%

    8.43%

    18.28%

    --

    --

    13.82%

  • Market Value

    5.58%

    8.47%

    18.28%

    --

    --

    13.83%

Resources

  • 2023 Annual Report
    View PDF
  • NVIR 9/30/23 Quarterly Schedule of Portfolio Holdings
    View PDF
  • NVIR Factsheet
    View PDF
  • NVIR Presentation
    View PDF
  • NVIR Fund Update: ESG, Renewable Energy, And What Happens When Investments Are Doing Good But Not Doing Well
    View PDF
  • 2023 ETF Distribution
    View PDF
  • NVIR Semi-Annual Report June 30 2023 (Unaudited)
    View PDF
  • NVIR 3/31/23 Quarterly Schedule of Portfolio Holdings
    View PDF
  • NVIR Prospectus
    View PDF
  • NVIR Summary Prospectus
    View PDF
  • NVIR Statement of Additional Information
    View PDF
  • 2023 Annual Report
    View PDF
  • NVIR 9/30/23 Quarterly Schedule of Portfolio Holdings
    View PDF
  • NVIR Factsheet
    View PDF
  • NVIR Presentation
    View PDF
  • NVIR Fund Update: ESG, Renewable Energy, And What Happens When Investments Are Doing Good But Not Doing Well
    View PDF
  • 2023 ETF Distribution
    View PDF
  • NVIR Semi-Annual Report June 30 2023 (Unaudited)
    View PDF
  • NVIR 3/31/23 Quarterly Schedule of Portfolio Holdings
    View PDF
  • NVIR Prospectus
    View PDF
  • NVIR Summary Prospectus
    View PDF
  • NVIR Statement of Additional Information
    View PDF

Press

  • Replay – Horizon Kinetics Energy & Remediation ETF (NVIR) Webinar (Event Date: 2/27/24)
    Watch
  • Horizon Kinetics Active ETF 2024 Webinar Series
    View PDF
  • Steven Tuen on TD Ameritrade The Watch List – Introduction to NVIR (Aired on 3/15/2023)
    Watch
  • Press Release: Horizon Kinetics Launches the Energy & Remediation ETF (NVIR)
    View PDF
  • Replay – Horizon Kinetics Energy & Remediation ETF (NVIR) Webinar (Event Date: 2/27/24)
    Watch
  • Horizon Kinetics Active ETF 2024 Webinar Series
    View PDF
  • Steven Tuen on TD Ameritrade The Watch List – Introduction to NVIR (Aired on 3/15/2023)
    Watch
  • Press Release: Horizon Kinetics Launches the Energy & Remediation ETF (NVIR)
    View PDF

IMPORTANT RISK DISCLOSURES

Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory prospectus and summary prospectus by contacting 646-495-7333. Read it carefully before investing.

The Horizon Kinetics Energy and Remediation ETF (Symbol: NVIR) is an exchange traded fund managed by Horizon Kinetics Asset Management LLC (“HKAM”).

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund’s investments in securities linked to real assets involve significant risks, including financial, operating, and competitive risks. Investments in securities linked to real assets expose the Fund to potentially adverse macroeconomic conditions, such as a rise in interest rates or a downturn in the economy in which the asset is located.

The Fund is non‐diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

The Fund may invest in the securities of smaller and mid‐capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The fund is actively managed and may be affected by the investment adviser’s security selections.

Diversification does not assure a profit or protect against a loss in a declining market.

HKAM does not provide tax or legal advice, all investors are encouraged to consult their tax and legal advisors regarding an investment in the Fund. You may obtain additional information about HKAM at our website at www.horizonkinetics.com.

No part of this material may be copied, photocopied, or duplicated in any form, by any means, or redistributed without the express written consent of HKAM.

The Horizon Kinetics Energy and Remediation ETF (NVIR) is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is not affiliated with NVIR or Horizon Kinetics LLC or its subsidiaries.

Energy Sector Risk: The Fund’s investments are exposed to issuers conducting business in the Energy Sector, including energy, industrial, infrastructure, and logistics companies, and is therefore susceptible to the adverse economic, environmental, business, regulatory, or other occurrences affecting the Energy Sector. Companies in the Crude Petroleum and Natural Gas Industry are affected by specific risks, including, among others, fluctuations in commodity prices; reduced consumer demand for commodities such as oil, natural gas, or petroleum products; reduced availability of natural gas or other commodities for transporting, processing, storing, or delivering; slowdowns in new construction; extreme weather or other natural disasters; and threats of attack by terrorists on energy assets. Additionally, Crude Petroleum and Natural Gas Industry companies are subject to substantial government regulation and changes in the regulatory environment for energy companies may adversely impact their profitability.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

CPI: The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Dividend yield: Dividend yield equals the annual dividend per share divided by the stock’s price per share.

Stagflation: Persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.

Duration: Bond duration is a measure of how much bond prices are likely to change if and when interest rates move.

Bloomberg Barclays US Aggregate Bond Index: The Bloomberg Barclays US Aggregate Bond Index is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non-agency). An investor cannot invest directly in an index.

Basis points: Basis points are a common unit of measure for percentages in finance. One basis point is equal to 1/100th of 1%.

Yield to worst: The yield to worst is the minimum yield that can be received on a bond, assuming the issuer doesn’t default.

S&P 500 Index: The S&P 500®️️ Index represents an unmanaged, broad-based basket of stocks. It is typically used as a proxy for overall market performance.

Beta: The beta of a security is a measurement of its volatility of returns relative to the entire market. It is used as a measure of risk.