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NLR
VanEck Uranium+Nuclear Energy ETF

Fund Description

VanEck Uranium+Nuclear Energy 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 MV Index Solutions 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.

 
 

  • Fund Ticker

    NLR

  • Exchange

    NYSE Arca

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MVNLRTR

  • Index Rebalancing

    Quarterly

 
as of 09/23/21

  • 30-Day SEC Yield1

    2.45%

  • Total Net Assets

    $27.9M

  • Number of Holdings

    25

  • Options

    Expected

  • Gross Expense Ratio2

    1.25%

  • Net Expense Ratio/TER2

    0.60%

  • Distribution Frequency

    Annual
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How to Buy

Key Points

  • 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

Trading Information

  • Fund Ticker

    NLR

  • Index Total Return Ticker

    MVNLRTR

  • NAV

    NLRNV

  • Intraday NAV (IIV)4

    NLRIV

  • Shares Outstanding

    516,632

  • Estimated Cash

    NLREU

  • Total Cash

    NLRTC

  • CUSIP

    92189F601

  • ISIN

    US92189F6016
Source: Bloomberg

Fees & Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.75%

  • Gross Expense Ratio

    1.25%

  • Fee Waivers and
    Expense Reimbursement

    -0.65%

  • Net Expense Ratio/TER2

    0.60%
2Expenses for NLR are capped contractually at 0.60% until May 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 09/23/21

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
NLR $54.03
$54.11		 2,909
2,356		 $0.26 / +0.48%
$0.22 / +0.41%		 +9.48%
+9.99%
 $0.08
0.15%		 0.37%

Premium/Discount History as of 09/23/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 84 23 16 40 55
NLR Days closed at NAV 20 6 6 5 1
Days closed at a discount 149 35 42 16 7


Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/13/07
NLR (NAV) 3.82 -1.10 8.96 23.05 3.96 5.61 2.95 -2.10
NLR (Share Price) 3.72 -1.16 9.43 23.16 3.87 5.68 3.03 -2.08
MVNLRTR (Index)5 3.76 -0.89 8.80 22.82 3.73 5.28 2.60 -2.23
Performance Differential (NAV - Index) 0.06 -0.21 0.16 0.23 0.23 0.33 0.35 0.13
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/13/07
NLR (NAV) -3.73 -0.05 6.06 25.99 3.77 4.17 1.87 -2.31
NLR (Share Price) -3.71 0.04 6.61 26.10 3.85 4.39 1.92 -2.29
MVNLRTR (Index)5 -3.48 -0.23 5.96 25.92 3.56 3.91 1.49 -2.44
Performance Differential (NAV - Index) -0.25 0.18 0.10 0.07 0.21 0.26 0.38 0.13

*Returns less than one year are not annualized.

5Index data prior to March 24, 2014 reflects that of the DAXglobal Nuclear Energy Index (DXNE). From March 24, 2014, forward, the index data reflects that of the Fund's underlying index, MVIS Global Uranium & Nuclear Energy Index (MVNLRTR).  Index history which includes periods prior to March 24, 2014 reflects a blend of the performance of DXNE and MVNLRTR and is not intended for third party use.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 24
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full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
DUKE ENERGY CORP
DUK US
22,803
2,386,562 8.59
DOMINION ENERGY INC
D US
30,222
2,352,480 8.47
EXELON CORP
EXC US
43,637
2,139,086 7.70
PUBLIC SERVICE ENTERPRISE GROUP INC
PEG US
30,730
1,964,876 7.07
ENTERGY CORP
ETR US
16,112
1,782,148 6.42
FORTUM OYJ
FORTUM FH
54,900
1,668,259 6.01
CEZ AS
CEZ CP
42,555
1,341,340 4.83
KANSAI ELECTRIC POWER CO INC/THE
9503 JP
131,400
1,322,335 4.76
PG&E CORP
PCG US
140,202
1,285,652 4.63
ELECTRICITE DE FRANCE SA
EDF FP
89,198
1,209,384 4.35
Top 10 Total (%) 62.83
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • ■

    United States

    54.69
  • ■

    Japan

    12.80
  • ■

    Canada

    6.31
  • ■

    Finland

    6.01
  • ■

    Czech

    4.83
  • ■

    South Korea

    4.80
  • ■

    France

    4.35
  • ■

    Italy

    4.25
  • ■

    Kazakhstan

    1.98
  • ■

    Other/Cash

    -0.01

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • ■

    Utilities

    86.8
  • ■

    Energy

    9.6
  • ■

    Industrials

    3.6
  • ■

    Other/Cash

    0.0