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Launched

GlacierShares Nasdaq Iceland ETF

GLCRNasdaqTeucriumF

$23.14−0.28 (−1.21%)

At close: Nov 2, 2026, 4:00 PM ET

F19/ 100

Rank 37 of 38 in Developed Single Country

F19/100Rank 37 of 38inDeveloped Single Country
Intraday session: down, 79 prints from 23.42 to 23.14. Range 23.01 to 25.43. Use the arrow keys to read each point.24.0024.5025.0025.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$1M
1Y total return
−8.9%
Yield · Last 12 months
No data
Holdings
31
Avg volume · 30D
459 sh
52W range
low $23.00high $28.72
Launched

The ETF.net GLCR Grade

Based on 5 of 6 pillars

F

Score 19 out of 100

Category
Developed Single Country⁠
Rank
37 of 38
Six-pillar profile for GLCR. Scores out of 100: Cost 0, Risk 28, Mission 41, Tradability 10, Holdings not scored, Durability 24. Strongest: Mission (41). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 19 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
19
This cap took
0
Published Score
19 Grade F

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 38 of 38

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C41 out of 100
    Rank 32 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 31 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F10 out of 100
    Rank 35 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 34 of 38

Our read on GLCR

ETF.net Research

In short

FIceland, in one ticker. GLCR tracks a MarketVector index of Icelandic companies and firms tied to Iceland's economy, roughly 30 names deep, wrapped in a plain-vanilla US ETF that launched in 2025.

Stated mandate

GLCR seeks to track, before fees and expenses, the total return of an index covering equity securities of Icelandic companies and companies related to Iceland’s economy.

Why people hold it

  • Pure single-country Iceland equity exposure through a rules-based index (MarketVector Iceland Global Total Return Net), not a manager's stock picks.
  • The mandate reaches past domicile: the index covers Icelandic companies plus companies tied to Iceland's economy, which widens a very shallow home market.
  • Ordinary 1940 Act fund structure holding stocks, so it trades and reports like any other equity ETF (no partnership wrapper, no derivatives sleeve).

Worth knowing

  • At 0.95% a year, the fee runs close to double the median for single-country developed-market ETFs, the price of reaching a market nobody else indexes.
  • Small asset base and light trading. Spreads can be wider than in the big country funds like EWC or EWU, so how you enter matters more than usual.
  • About 30 holdings in one small economy. Concentration cuts both ways, and the 2025 launch means no record across a full market cycle yet.

GLCR Holdings

Asset class
Stocks
Holdings
31
Top-10 weight
65%
Largest holding
Islandsbanki HF13.3%

Sectors

  • Financials31.6%
  • Consumer Staples21.9%
  • Health Care15.7%
  • Real Estate8.8%
  • Industrials7.2%
  • Consumer Discretionary6.8%
  • Materials6.6%
  • Communication1.5%

Geography

  • Norway41.54%
  • United States30.72%
  • Canada17.03%
  • Switzerland10.72%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataIslandsbanki HF13.32%166,181$187K1
2No dataArion Banki HF11.96%115,139$168K1
3ALVOAlvotech SA6.99%21,103$98.1K16
4AMRQ.LAmaroq Ltd6.28%67,666$88.1K1
5MOWI.OLMowi ASA4.96%2,943$69.6K105
6SALM.OLSalmar ASA4.72%1,072$66.2K85
7JBTMJBT Marel Corp4.57%588$64.2K120
8EMBLA.COEmbla Medical HF4.43%15,426$62.2K1
9OCSOculis Holding AG4.19%7,112$58.7K5
10No dataHagar hf3.99%58,015$56K1
11No dataFesti hf3.69%21,539$51.8K1
12No dataReitir hf3.36%51,236$47.1K1
13BAKKA.OLBakkafrost P/F2.86%814$40.2K58
14No dataHeimar HF2.80%141,475$39.2K1
15No dataKvika banki hf2.69%343,807$37.8K1

Showing 1–15 of 31 holdings

GLCR Performance

Launched Mar 26, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GLCR$9,114
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GLCR $9,114. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GLCR. Periods over one year show the average yearly return.
PeriodGLCR
Year to date−13.0%
1 month−2.4%
3 months−5.9%
1 year−8.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GLCR
YearReturn barGLCR
2026 YTD−13.0%
2025+8.0%

History from Mar 27, 2025

GLCR in the news

GLCR Dividends

Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $0.26. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.26

$10,000 in GLCR 1 year ago paid $101 in dividends.

GLCR Risk

Risk pillarD28 out of 100Rank 31 of 38 in Developed Single Country
How much the fund’s monthly returns vary, scaled to a year.
17.5%
Annualised · 19 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.24
vs 3-month T-bills · 19 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.4%
19 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.72
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GLCR Cost

Compare GLCR and FLKR

Overpaying vs FLKR, tied cheapest in Developed Single Country

$15,971

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GLCR 0.95%

    $17,869

  • FLKR 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • GLCR 0.95%
  • FLKR 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GLCR $17,869FLKR $1,898

Year by year

YearGLCRFLKROverpaying
10$1,678$165$1,513
20$6,322$646$5,676
30$17,869$1,898$15,971

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