ETF Evaluator:
Nelson Select ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
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Risk
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Risk
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ETF Details
Nelson Select ETF Overview
Nelson Select ETF (NELS) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Collaborative Fund Advisors, LLC launched the ETF in 2025.
The investment seeks to provide long-term capital appreciation.
The fund is an actively managed exchange traded fund (“ETF”) that seeks to achieve its investment objective by investing in a combination of equity securities and ETFs (“underlying funds”) representing a broad range of asset classes.
About Nelson Select ETF (NELS)
There are 1 members of the management team with an average tenure of 0.79 years: David Nelson (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Nelson Select ETF has 84 securities in its portfolio. The top 10 holdings constitute 39.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Nelson Select ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Nelson Select ETF has 2.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.8% There is 2.2% 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). Nelson Select ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $56 million in total assets, which is below the $13 billion average for the Large Blend 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.
NELS 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 Nelson Select ETF expense ratio is high compared to funds in the Large Blend category. Nelson Select ETF has an expense ratio of 1.69%, which is 308% 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. Nelson Select ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Nelson Select ETF returned -0.2%, which earned it a grade of C, as the Large Blend category had an average return of -0.8%. 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.
Nelson Select ETF has a trailing yield of 0.00%, which is below the 1.16% 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.
Nelson Select ETF Grades
Year to date, the ETF has returned 11.3%, 1.8 percentage points better than the category, which translates into a grade of B.
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NELS 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 |
|
| NELS Return (NAV) | -0.2% | 5.3% | na | na | na | na |
| NELS Return (Price) | -0.1% | 5.4% | na | na | na | na |
| NAV +/- Price Return | -0.095% | -0.155% | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| NELS Grade (NAV) | C | B | na | na | na | na |
| +/- Category (NAV) | 0.6% | 1.5% | na | na | na | na |
| NELS Tax-Cost Ratio | na | na | na | na | na | na |
NELS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NELS Return (NAV) | 11.3% | na | na | na | na | na | na | na | na | na | na |
| NELS Return (Price) | 11.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.002% | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| NELS Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.8% | 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: | -- |
| Total Assets: | $ 56 Mil |
| Share Class Assets: | $ 56 Mil |
| Turnover: | na |
| Expense Ratio: | 1.69% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Nelson David (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 84 |
| % in Top 10 Holdings: | 39.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.2% |
Portfolio Allocation |
|
| Domestic Stock: | 97.8% |
| Foreign Stock: | 2.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Collaborative Fund Advisors, LLC |
| Phone Number: | 877-694-3532 |
| Website: | |
| Inception Date: | October 14, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.69% (Rating: High) |
| Category Average Expense Ratio (%): | 0.41% |
