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: 10/03/2023
-
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
$4,603,665
Data as of: 10/04/2023
Daily Holdings
-
% Net Assets
5.72%
-
Name
Cash & Other
-
Ticker
Cash&Other
-
CUSIP
Cash&Other
-
Shares Held
263,378
-
Market Value
$263,378
-
% Net Assets
4.46%
-
Name
EQT CORP
-
Ticker
EQT
-
CUSIP
26884L109
-
Shares Held
5,187
-
Market Value
$205,509
-
% Net Assets
4.13%
-
Name
DENBURY INC
-
Ticker
DEN
-
CUSIP
24790A101
-
Shares Held
1,960
-
Market Value
$190,179
-
% Net Assets
3.93%
-
Name
CONOCOPHILLIPS
-
Ticker
COP
-
CUSIP
20825C104
-
Shares Held
1,540
-
Market Value
$181,104
-
% Net Assets
3.90%
-
Name
DIAMONDBACK ENERGY INC
-
Ticker
FANG
-
CUSIP
25278X109
-
Shares Held
1,190
-
Market Value
$179,559
-
% Net Assets
3.88%
-
Name
CHENIERE ENERGY INC
-
Ticker
LNG
-
CUSIP
16411R208
-
Shares Held
1,099
-
Market Value
$178,708
-
% Net Assets
3.77%
-
Name
SCHLUMBERGER LTD
-
Ticker
SLB
-
CUSIP
806857108
-
Shares Held
2,961
-
Market Value
$173,544
-
% Net Assets
3.74%
-
Name
PRAIRIESKY ROYALTY LTD
-
Ticker
PSK CN
-
CUSIP
BN320L4
-
Shares Held
9,737
-
Market Value
$172,403
-
% Net Assets
3.74%
-
Name
PIONEER NAT RES CO
-
Ticker
PXD
-
CUSIP
723787107
-
Shares Held
770
-
Market Value
$172,203
-
% Net Assets
3.66%
-
Name
EOG RES INC
-
Ticker
EOG
-
CUSIP
26875P101
-
Shares Held
1,358
-
Market Value
$168,718
-
% Net Assets
3.66%
-
Name
WILLIAMS COS INC
-
Ticker
WMB
-
CUSIP
969457100
-
Shares Held
5,117
-
Market Value
$168,707
-
% Net Assets
3.62%
-
Name
OCCIDENTAL PETE CORP
-
Ticker
OXY
-
CUSIP
674599105
-
Shares Held
2,667
-
Market Value
$166,581
-
% Net Assets
3.60%
-
Name
CHESAPEAKE ENERGY CORP
-
Ticker
CHK
-
CUSIP
165167735
-
Shares Held
1,995
-
Market Value
$165,525
-
% Net Assets
3.54%
-
Name
SUNCOR ENERGY INC NEW
-
Ticker
SU
-
CUSIP
867224107
-
Shares Held
4,851
-
Market Value
$162,800
-
% Net Assets
3.25%
-
Name
TEXAS PACIFIC LAND CORPORATION COM
-
Ticker
TPL
-
CUSIP
88262P102
-
Shares Held
84
-
Market Value
$149,775
-
% Net Assets
2.93%
-
Name
PERMIAN BASIN RTY TR
-
Ticker
PBT
-
CUSIP
714236106
-
Shares Held
6,664
-
Market Value
$135,013
-
% Net Assets
2.77%
-
Name
OIL STS INTL INC
-
Ticker
OIS
-
CUSIP
678026105
-
Shares Held
15,820
-
Market Value
$127,351
-
% Net Assets
2.45%
-
Name
TETRA TECHNOLOGIES INC DEL
-
Ticker
TTI
-
CUSIP
88162F105
-
Shares Held
19,040
-
Market Value
$112,717
-
% Net Assets
2.26%
-
Name
TRICAN WELL SVC LTD
-
Ticker
TCW CN
-
CUSIP
2869964
-
Shares Held
31,381
-
Market Value
$104,081
-
% Net Assets
1.99%
-
Name
CES ENERGY SOLUTIONS CORP COM NEW
-
Ticker
CEU CN
-
CUSIP
BZ57CN7
-
Shares Held
34,587
-
Market Value
$91,771
-
% Net Assets
1.90%
-
Name
BADGER METER INC
-
Ticker
BMI
-
CUSIP
056525108
-
Shares Held
616
-
Market Value
$87,657
-
% Net Assets
1.86%
-
Name
LIBERTY ENERGY INC
-
Ticker
LBRT
-
CUSIP
53115L104
-
Shares Held
4,851
-
Market Value
$85,572
-
% Net Assets
1.82%
-
Name
PENTAIR PLC
-
Ticker
PNR
-
CUSIP
G7S00T104
-
Shares Held
1,323
-
Market Value
$83,627
-
% Net Assets
1.74%
-
Name
FLOWSERVE CORP
-
Ticker
FLS
-
CUSIP
34354P105
-
Shares Held
2,093
-
Market Value
$79,974
-
% Net Assets
1.66%
-
Name
ECOLAB INC
-
Ticker
ECL
-
CUSIP
278865100
-
Shares Held
462
-
Market Value
$76,489
-
% Net Assets
1.63%
-
Name
ITRON INC
-
Ticker
ITRI
-
CUSIP
465741106
-
Shares Held
1,288
-
Market Value
$75,181
-
% Net Assets
1.57%
-
Name
STEP Energy Services Ltd
-
Ticker
STEP CN
-
CUSIP
BD6RP33
-
Shares Held
23,240
-
Market Value
$72,336
-
% Net Assets
1.53%
-
Name
ENERGY RECOVERY INC
-
Ticker
ERII
-
CUSIP
29270J100
-
Shares Held
3,416
-
Market Value
$70,233
-
% Net Assets
1.53%
-
Name
WATTS WATER TECHNOLOGIES INC CL A
-
Ticker
WTS
-
CUSIP
942749102
-
Shares Held
413
-
Market Value
$70,260
-
% Net Assets
1.51%
-
Name
FRANKLIN ELEC INC
-
Ticker
FELE
-
CUSIP
353514102
-
Shares Held
777
-
Market Value
$69,503
-
% Net Assets
1.51%
-
Name
FLUOR CORP NEW
-
Ticker
FLR
-
CUSIP
343412102
-
Shares Held
2,002
-
Market Value
$69,309
-
% Net Assets
1.45%
-
Name
IDEX CORP
-
Ticker
IEX
-
CUSIP
45167R104
-
Shares Held
322
-
Market Value
$66,635
-
% Net Assets
1.41%
-
Name
SECURE ENERGY SERVICES INC
-
Ticker
SES CN
-
CUSIP
B55SGV6
-
Shares Held
12,187
-
Market Value
$64,762
-
% Net Assets
1.40%
-
Name
Calfrac Well Services Ltd
-
Ticker
CFW CN
-
CUSIP
BNLXSR1
-
Shares Held
16,709
-
Market Value
$64,432
-
% Net Assets
1.37%
-
Name
XYLEM INC
-
Ticker
XYL
-
CUSIP
98419M100
-
Shares Held
700
-
Market Value
$63,091
-
% Net Assets
1.36%
-
Name
IDEXX LABS INC
-
Ticker
IDXX
-
CUSIP
45168D104
-
Shares Held
147
-
Market Value
$62,506
-
% Net Assets
1.34%
-
Name
DANAHER CORPORATION
-
Ticker
DHR
-
CUSIP
235851102
-
Shares Held
287
-
Market Value
$61,906
-
% Net Assets
1.11%
-
Name
ENERFLEX LTD
-
Ticker
EFXT
-
CUSIP
29269R105
-
Shares Held
11,655
-
Market Value
$51,282
-
% Net Assets
0.73%
-
Name
SABINE RTY TR
-
Ticker
SBR
-
CUSIP
785688102
-
Shares Held
525
-
Market Value
$33,758
-
% Net Assets
0.39%
-
Name
SAN JUAN BASIN RTY TR
-
Ticker
SJT
-
CUSIP
798241105
-
Shares Held
2,681
-
Market Value
$18,150
-
% Net Assets
0.16%
-
Name
VERALTO CORP
-
Ticker
VLTO
-
CUSIP
92338C103
-
Shares Held
95
-
Market Value
$7,320
Data as of: 10/04/2023
Daily Holdings
-
% Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
-
5.72%
Cash & Other
Cash&Other
Cash&Other
263,378
$263,378
-
4.46%
EQT CORP
EQT
26884L109
5,187
$205,509
-
4.13%
DENBURY INC
DEN
24790A101
1,960
$190,179
-
3.93%
CONOCOPHILLIPS
COP
20825C104
1,540
$181,104
-
3.90%
DIAMONDBACK ENERGY INC
FANG
25278X109
1,190
$179,559
-
3.88%
CHENIERE ENERGY INC
LNG
16411R208
1,099
$178,708
-
3.77%
SCHLUMBERGER LTD
SLB
806857108
2,961
$173,544
-
3.74%
PRAIRIESKY ROYALTY LTD
PSK CN
BN320L4
9,737
$172,403
-
3.74%
PIONEER NAT RES CO
PXD
723787107
770
$172,203
-
3.66%
EOG RES INC
EOG
26875P101
1,358
$168,718
-
3.66%
WILLIAMS COS INC
WMB
969457100
5,117
$168,707
-
3.62%
OCCIDENTAL PETE CORP
OXY
674599105
2,667
$166,581
-
3.60%
CHESAPEAKE ENERGY CORP
CHK
165167735
1,995
$165,525
-
3.54%
SUNCOR ENERGY INC NEW
SU
867224107
4,851
$162,800
-
3.25%
TEXAS PACIFIC LAND CORPORATION COM
TPL
88262P102
84
$149,775
-
2.93%
PERMIAN BASIN RTY TR
PBT
714236106
6,664
$135,013
-
2.77%
OIL STS INTL INC
OIS
678026105
15,820
$127,351
-
2.45%
TETRA TECHNOLOGIES INC DEL
TTI
88162F105
19,040
$112,717
-
2.26%
TRICAN WELL SVC LTD
TCW CN
2869964
31,381
$104,081
-
1.99%
CES ENERGY SOLUTIONS CORP COM NEW
CEU CN
BZ57CN7
34,587
$91,771
-
1.90%
BADGER METER INC
BMI
056525108
616
$87,657
-
1.86%
LIBERTY ENERGY INC
LBRT
53115L104
4,851
$85,572
-
1.82%
PENTAIR PLC
PNR
G7S00T104
1,323
$83,627
-
1.74%
FLOWSERVE CORP
FLS
34354P105
2,093
$79,974
-
1.66%
ECOLAB INC
ECL
278865100
462
$76,489
-
1.63%
ITRON INC
ITRI
465741106
1,288
$75,181
-
1.57%
STEP Energy Services Ltd
STEP CN
BD6RP33
23,240
$72,336
-
1.53%
ENERGY RECOVERY INC
ERII
29270J100
3,416
$70,233
-
1.53%
WATTS WATER TECHNOLOGIES INC CL A
WTS
942749102
413
$70,260
-
1.51%
FRANKLIN ELEC INC
FELE
353514102
777
$69,503
-
1.51%
FLUOR CORP NEW
FLR
343412102
2,002
$69,309
-
1.45%
IDEX CORP
IEX
45167R104
322
$66,635
-
1.41%
SECURE ENERGY SERVICES INC
SES CN
B55SGV6
12,187
$64,762
-
1.40%
Calfrac Well Services Ltd
CFW CN
BNLXSR1
16,709
$64,432
-
1.37%
XYLEM INC
XYL
98419M100
700
$63,091
-
1.36%
IDEXX LABS INC
IDXX
45168D104
147
$62,506
-
1.34%
DANAHER CORPORATION
DHR
235851102
287
$61,906
-
1.11%
ENERFLEX LTD
EFXT
29269R105
11,655
$51,282
-
0.73%
SABINE RTY TR
SBR
785688102
525
$33,758
-
0.39%
SAN JUAN BASIN RTY TR
SJT
798241105
2,681
$18,150
-
0.16%
VERALTO CORP
VLTO
92338C103
95
$7,320
Data as of: 10/03/2023
-
Net Asset Value
$26.31
-
NAV Change
$-0.05
-
Median 30 Day Spread
%
-
Market Price
$26.27
-
Market Price Change
$-0.06
-
Premium/Discount
$-0.04 | -0.16%
Historical Data
Premium/Discount Range (%)
Date
-
Greatest Premium
N/A
-
Greatest Discount
-0.16% 10/03/2023
-
Number of Days At
-
Premium:
0
-
NAV:
0
-
Discount:
2
-
Days Within Percent of NAV
-
Percent of Days +/- 0.5% of NAV:
100%
-
Number of Days +/- 0.5% of NAV:
2
Data as of: 09/30/2023
-
NAV
-
1 Month
-1.34%
-
YTD
9.71%
-
1 Year
--
-
3 Year
--
-
5 Year
--
-
Since Inception Annualized
-%
-
Market Value
-
1 Month
-1.58%
-
YTD
9.49%
-
1 Year
--
-
3 Year
--
-
5 Year
--
-
Since Inception Annualized
-%
Data as of: 09/30/2023
-
1 Month
YTD
1 Year
3 Year
5 Year
Since Inception Annualized
-
NAV
-1.34%
9.71%
--
--
--
--
-
Market Value
-1.58%
9.49%
--
--
--
--
Resources
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.