NLRVanEck 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 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.
-
Fund Ticker
NLR -
Exchange
NYSE Arca -
Inception Date
08/13/2007 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVNLRTR -
Index Rebalancing
Quarterly
as of 02/03/23
-
30-Day SEC Yield1
1.88% -
Total Net Assets
$56.7M -
Number of Holdings
25 -
Options
Available -
Gross Expense Ratio2
0.89% -
Net Expense Ratio/TER2
0.60% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
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
Trading Information
-
Fund Ticker
NLR -
Index Total Return Ticker
MVNLRTR -
NAV
NLRNV -
Intraday NAV (IIV)4
NLRIV -
Shares Outstanding
991,632 -
Estimated Cash
NLREU -
Total Cash
NLRTC -
CUSIP
92189F601 -
ISIN
US92189F6016
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.39% -
Gross Expense Ratio
0.89% -
Fee Waivers and
-0.29%
Expense Reimbursement -
Net Expense Ratio/TER2
0.60%
2 Expenses for NLR are capped contractually at 0.60% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 08/13/07 |
|
---|---|---|---|---|---|---|---|---|
NLR (NAV) | 5.78 | 10.33 | 5.78 | 11.78 | 7.41 | 6.11 | 5.85 | -1.16 |
NLR (Share Price) | 5.86 | 10.34 | 5.86 | 11.53 | 7.51 | 6.22 | 5.89 | -1.15 |
MVNLRTR (Index)5 | 5.56 | 10.48 | 5.56 | 12.17 | 7.19 | 6.00 | 5.58 | -1.27 |
Performance Differential (NAV - Index) | 0.22 | -0.15 | 0.22 | -0.39 | 0.22 | 0.11 | 0.27 | 0.11 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 08/13/07 |
|
---|---|---|---|---|---|---|---|---|
NLR (NAV) | -1.46 | 8.72 | 2.10 | 2.10 | 6.27 | 4.86 | 5.70 | -1.52 |
NLR (Share Price) | -1.77 | 8.44 | 2.24 | 2.24 | 6.32 | 4.85 | 5.71 | -1.52 |
MVNLRTR (Index)5 | -0.84 | 8.92 | 2.56 | 2.56 | 6.20 | 4.78 | 5.57 | -1.62 |
Performance Differential (NAV - Index) | -0.62 | -0.20 | -0.46 | -0.46 | 0.07 | 0.08 | 0.13 | 0.10 |
Top 10 Holdings (%) as of 01/31/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Dominion Energy Inc |
D US
|
73,770
|
4,694,723 | 8.15 |
Public Service Enterprise Group Inc |
PEG US
|
71,370
|
4,419,944 | 7.67 |
Cameco Corp |
CCJ US
|
136,626
|
3,826,894 | 6.64 |
Constellation Energy Corp |
CEG US
|
40,547
|
3,461,092 | 6.01 |
Pg&E Corp |
PCG US
|
205,292
|
3,264,143 | 5.66 |
Entergy Corp |
ETR US
|
29,851
|
3,232,266 | 5.61 |
Cez As |
CEZ CP
|
74,137
|
3,004,272 | 5.21 |
Electricite De France Sa |
EDF FP
|
211,332
|
2,773,048 | 4.81 |
Nexgen Energy Ltd |
NXE US
|
552,247
|
2,672,875 | 4.64 |
Kyushu Electric Power Co Inc |
9508 JP
|
463,400
|
2,670,087 | 4.63 |
Top 10 Total (%) | 59.03 |
Country Weightings (%)
as of 01/31/23
Country | % of Net Assets |
---|---|
● United States | 47.29 |
● Canada | 14.60 |
● Czech Republic | 5.21 |
● France | 4.81 |
● Japan | 4.63 |
● Australia | 4.41 |
● Italy | 4.40 |
● China | 4.13 |
● Kazakhstan | 4.05 |
● Finland | 3.83 |
● United Kingdom | 1.56 |
● South Korea | 1.18 |
● Other/Cash | -0.11 |
Sector Weightings (%)
as of 01/31/23
Sector | % of Net Assets |
---|---|
● Utilities | 64.32 |
● Energy | 27.84 |
● Industrials | 7.00 |
● Materials | 0.94 |
● Other/Cash | -0.11 |