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GLCR

GradeFNASDAQ Global Select

GlacierShares Nasdaq Iceland ETF

Countries & Regions · Teucrium · Inception 2025-03-26

$24.29−0.16 (−0.66%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Mar 27, 2025.
Intraday session: down, 6 prints from 24.45 to 24.29. Range 24.29 to 24.56. Use the arrow keys to read each point.$24.40$24.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$1M
1Y return
−6.5%
Yield · Last 12 months
Data unavailable
Holdings
32
Volume · 30D
0M sh
NAV per share
$24.35
52W range
low $23.15high $28.72

The ETF.net GLCR Grade

F

16/ 100

Rank 36 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for GLCR. Scores out of 100: Cost 0, Risk 26, Mission 37, Tradability 5, Holdings not scored, Durability 24. Strongest: Mission (37). Weakest: Cost (0). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 16 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned17This cap took−0Published score16 Grade F

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank38/38 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 37
    Category rank33/35 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 26
    Category rank33/37 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 5
    Category rank38/38 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank34/38 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GLCR

ETF.net Research

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

  1. 01Pure single-country Iceland equity exposure through a rules-based index (MarketVector Iceland Global Total Return Net), not a manager's stock picks.
  2. 02The mandate reaches past domicile: the index covers Icelandic companies plus companies tied to Iceland's economy, which widens a very shallow home market.
  3. 03Ordinary 1940 Act fund structure holding stocks, so it trades and reports like any other equity ETF (no partnership wrapper, no derivatives sleeve).

Worth knowing

  1. 01At 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.
  2. 02Small 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.
  3. 03About 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

As of Sep 20, 2026, 6:39 AM
Asset class
Stocks
Holdings
32
Top-10 weight
67%
Largest holding
Islandsbanki HF13.3%

Sectors

  • Financials31.8%
  • Cons. Staples21.3%
  • Health Care18.2%
  • Real Estate8.6%
  • Materials6.4%
  • Consumer Discr.6.3%
  • Industrials6.0%
  • Communication1.5%

Geography

  • Norway27.49%
  • Luxembourg19.35%
  • Canada15.97%
  • Switzerland11.27%
  • United States10.12%
  • Iceland10.07%
  • Faroe Islands5.74%

Developed 82% · Emerging 18% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Islandsbanki HF13.27%164,681$193K1
002—Arion Banki HF11.41%113,639$166K1
003ALVOAlvotech SA8.53%21,103$124K15
004AMRQ.LAmaroq Ltd7.04%67,666$102K1
005OCSOculis Holding AG4.97%7,112$72K4
006JBTMJBT Marel Corp4.46%588$65K121
007EMBLA.COEmbla Medical HF4.44%15,426$64K1
008SALM.OLSalmar ASA4.30%1,072$62K82
009MOWI.OLMowi ASA4.27%2,943$62K102
010—Hagar hf3.98%58,015$58K1
011—Festi hf3.76%21,539$55K1
012—Reitir hf3.43%51,236$50K1
013—Heimar HF2.79%141,475$41K1
014BAKKA.OLBakkafrost P/F2.53%814$37K53
015—Kvika banki hf2.29%343,807$33K1

Showing 1–15 of 32 holdings

GLCR Performance

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

GLCR$9,349
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GLCR $9,349. SPY $11,723. Use the arrow keys to read each point.$8,618$10,306$11,994Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−8.3%
1 month−2.2%
3 months+4.1%
1 year−6.5%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−8.3%
2025+8.0%

History from Mar 27, 2025

GLCR in the news

ETF.net Research hasn’t filed on GLCR yet — coverage lands here as it’s written.

GLCR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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

GLCR Risk

How much the fund’s monthly returns vary, scaled to a year.
17.6%
Annualised · 17 months to Aug 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.
0.10
vs 3-month T-bills · 17 months to Aug 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.
−19.3%
17 months · trough Jun 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.

GLCR Cost

Expense ratio0.95%
  • The middle half of Developed Single Country funds
  • Median 0.50%

Every other Developed Single Country fund charges less.

GLCR costs $95.00 a year on $10,000. The median Developed Single Country fund costs $50.00.