NLR
VanEck Uranium and Nuclear ETF
NLR
VanEck Uranium and Nuclear ETF
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NAV$92.31
as of December 05, 2024 -
YTD RETURNS29.14%
as of December 05, 2024 -
Total Net Assets$772.36M
as of December 05, 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
- Comprehensive exposure including utilities, uranium miners, and service providers
- Reliable and low carbon-emissions power source that can meet rising electricity demand
- Renewed policy support from the U.S., France, Japan, and China, among others