Horizon Kinetics Energy and Remediation ETF (NVIR US) – Portfolio Construction Methodology

The investment philosophy steering the actively managed Horizon Kinetics Energy and Remediation ETF targets companies expected to benefit from the long-term interplay between hydrocarbon production and environmental remediation. The investable universe spans U.S. and non-U.S. equities across market-cap bands involved in energy infrastructure, services, and technologies that address emissions, water, waste, and site remediation. Research is fundamentally driven, assessing industry structure, asset quality, and management capital allocation to identify durable beneficiaries of regulatory, technological, and cost-curve trends. Portfolio construction emphasizes liquidity, business quality, and thematic alignment; position sizing reflects conviction and issuer-specific risk. Turnover is opportunistic, with adds on improving fundamentals or attractive forward returns and trims/sales on valuation stretch, thesis drift, or inferior risk-adjusted prospects. The manager applies ongoing risk monitoring for theme concentration, jurisdictional exposure, and capacity in less-liquid segments.

To explore NVIR in more depth, visit our ETF analytics platform for institutional-grade insights — including performance and risk metrics, correlations, sensitivities, and factor exposure: https://www.etfstrategy.com/etf/NVIR_US