NLR
VanEck Uranium and Nuclear ETF
NLR
VanEck Uranium and Nuclear ETF
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NAV$78.64
as of May 01, 2024 -
YTD RETURNS10.00%
as of May 01, 2024 -
Total Net Assets$152.68M
as of May 01, 2024 -
Gross Expense Ratio0.64%
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Net Expense Ratio0.61%
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Inception Date08/13/2007
Fund Description
VanEck Uranium and Nuclear ETF (NLR®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Global Uranium & Nuclear Energy Index (MVNLRTR), which is intended to track the overall performance of companies involved in: (i) uranium mining or uranium mining projects that have the potential, in MarketVector Indexes GmbH's (the "Index Provider") view, when such projects are developed are expected to generate at least 50% of a company's revenues or are expected to constitute at least 50% of such company's assets; (ii) the construction, engineering and maintenance of nuclear power facilities and nuclear reactors; (iii) the production of electricity from nuclear sources; or (iv) providing equipment, technology and/or services to the nuclear power industry.
Overview
Fund Highlights
- Access to Important Segment of Clean Energy Market
Nuclear is a significant clean energy source at an inflection point where governments must reconcile downward trending nuclear energy output with increasing demand for clean energy
- Comprehensive Nuclear Energy Exposure
Index targets companies across the uranium and nuclear energy industry including uranium mining, production of electricity and suppliers and service providers
- Pure Play with Global Scope
Companies must derive at least 50% of total revenues from the nuclear energy industry to be added to the Index