ETF Evaluator: Horizon Kinetics Energy Remediation ETF () Follow This ETF

Horizon Kinetics Energy Remediation ETF Overview

Horizon Kinetics Energy Remediation ETF (NVIR) is an actively managed Sector Equity Equity Energy exchange-traded fund (ETF). Horizon Kinetics launched the ETF in 2023.

The investment seeks long-term growth of capital. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in securities of companies that are expected to benefit, either directly or indirectly, from the increasing focus on climate and environmentally sensitive carbon-based energy production. The fund is non-diversified.

About Horizon Kinetics Energy Remediation ETF (NVIR)

There are 4 members of the management team with an average tenure of 2.64 years: Fredrik Tjernstrom (2023), James Davolos (2026), Steven Tuen (2023) and Peter Doyle (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Horizon Kinetics Energy Remediation ETF has 41 securities in its portfolio. The top 10 holdings constitute 47.1% 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.

Horizon Kinetics Energy Remediation ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Horizon Kinetics Energy Remediation ETF has 20.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 78.6% There is 20.9% 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). Horizon Kinetics Energy Remediation ETF has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $1 billion average for the Equity Energy 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.

NVIR 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 Horizon Kinetics Energy Remediation ETF expense ratio is high compared to funds in the Equity Energy category. Horizon Kinetics Energy Remediation ETF has an expense ratio of 0.85%, which is 57% 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. Horizon Kinetics Energy Remediation ETF has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 28% for the Equity Energy category.

Recently, in the month of July 2026, Horizon Kinetics Energy Remediation ETF returned 1.0%, which earned it a grade of D, as the Equity Energy category had an average return of 5.2%. 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.

Horizon Kinetics Energy Remediation ETF has a trailing yield of 0.76%, which is below the 2.25% 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.

Horizon Kinetics Energy Remediation ETF Grades

Year to date, the ETF has returned 20.4%, 8.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 29.9% over the past year (grade of D) and 14.5% over the past three years (grade of B).

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