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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 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

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
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.39%
  • Gross Expense Ratio

    0.89%
  • Fee Waivers and
    Expense Reimbursement

    -0.29%
  • Net Expense Ratio/TER2

    0.60%

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

  • 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
  • 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 02/03/23

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
NLR $57.21
$57.10
4,134
7,137
$-1.54 / -2.63%
$-1.37 / -2.34%
+4.13%
+4.03%
$-0.11
-0.19%
0.35%

Premium/Discount History as of 02/03/23

Calendar Year 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
NLR Days closed at a premium 202 48 45 49 27
Days closed at NAV 7 2 1 2 3
Days closed at a discount 43 12 16 13 33

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 Holdings
Total Holdings: 25
Holding 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
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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

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