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NLR
VanEck Uranium and Nuclear ETF

NLR
VanEck Uranium and Nuclear ETF

  • NAV
    $86.46

    as of May 24, 2024
  • YTD RETURNS
    20.94%

    as of May 24, 2024
  • Total Net Assets
    $204.61M

    as of May 24, 2024
  • Gross Expense Ratio
    0.64%
  • Net Expense Ratio
    0.61%
  • Inception Date
    08/13/2007

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

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

NLR