ETF Evaluator:
GlacierShares Nasdaq Iceland ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Focused Region Over the Last Year
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ETF Details
GlacierShares Nasdaq Iceland ETF Overview
GlacierShares Nasdaq Iceland ETF (GLCR) is a passively managed International Equity Focused Region exchange-traded fund (ETF). Teucrium launched the ETF in 2025.
The investment seeks to track the total return performance, before fees and expenses, of the MarketVector™ Iceland Global Index.
The index, which is sub-index of the MarketVector™ Total Global Equity Index, tracks the performance of common stocks (or corresponding ADRs or GDRs of “local” Icelandic companies and“non-local”companies related to the Icelandic economy. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Icelandic equity securities. The fund is non-diversified.
About GlacierShares Nasdaq Iceland ETF (GLCR)
There are 3 members of the management team with an average tenure of 1.23 years: Springer Harris (2025), Joran Haugens (2025) and Chris Small (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MarketVector Iceland Global TR USD index with a weighting of 100%. GlacierShares Nasdaq Iceland ETF has 34 securities in its portfolio. The top 10 holdings constitute 68.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
GlacierShares Nasdaq Iceland ETF is part of the Equity global asset class and is within the International Equity ETF group. GlacierShares Nasdaq Iceland ETF has 90.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 9.3% There is 90.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GlacierShares Nasdaq Iceland ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Focused Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GLCR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GlacierShares Nasdaq Iceland ETF expense ratio is high compared to funds in the Focused Region category. GlacierShares Nasdaq Iceland ETF has an expense ratio of 0.95%, which is 84% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GlacierShares Nasdaq Iceland ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 26% for the Focused Region category.
Recently, in the month of July 2026, GlacierShares Nasdaq Iceland ETF returned 5.0%, which earned it a grade of B, as the Focused Region category had an average return of 1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
GlacierShares Nasdaq Iceland ETF has a trailing yield of 1.05%, which is below the 5.57% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
GlacierShares Nasdaq Iceland ETF Grades
Year to date, the ETF has returned -8.1%, 18.7 percentage points worse than the category, which translates into a grade of F. The fund has returned -2.3% over the past year (grade of F).
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GLCR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GLCR Return (NAV) | 5.0% | -5.7% | -2.3% | na | na | na |
| GLCR Return (Price) | 5.2% | -5.6% | -1.9% | na | na | na |
| NAV +/- Price Return | -0.175% | -0.089% | -0.419% | na | na | na |
| Focused Region Avg | 1.8% | 1.8% | 29.5% | 85.6% | 9.2% | 8.4% |
| GLCR Grade (NAV) | B | F | F | na | na | na |
| +/- Category (NAV) | 3.2% | -7.5% | -31.8% | na | na | na |
| GLCR Tax-Cost Ratio | na | na | 0.5% | na | na | na |
GLCR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GLCR Return (NAV) | -8.1% | na | na | na | na | na | na | na | na | na | na |
| GLCR Return (Price) | -7.6% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.066% | na | na | na | na | na | na | na | na | na | na |
| Focused Region Avg | 10.6% | 40.0% | 7.6% | 33.4% | -15.0% | 8.3% | 3.6% | 20.0% | -13.7% | 26.4% | 13.0% |
| GLCR Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -18.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.1% |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | 20.0% |
| Expense Ratio: | 0.95% |
| Index Fund: | Yes |
| Index Tracked: | MarketVector Iceland Global TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.2 years | |||
| Managers (Year): Harris Springer (2025), Haugens Joran (2025), Small Chris (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 68.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 90.2% |
Portfolio Allocation |
|
| Domestic Stock: | 9.3% |
| Foreign Stock: | 90.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Teucrium |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | March 26, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.52% |
