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 03/27/23
-
30-Day SEC Yield1
2.08% -
Total Net Assets
$53.6M -
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
1,016,632 -
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) | -5.03 | -1.00 | 0.47 | 4.50 | 8.06 | 5.70 | 5.59 | -1.48 |
NLR (Share Price) | -4.78 | -0.99 | 0.80 | 4.49 | 8.25 | 5.63 | 5.65 | -1.46 |
MVNLRTR (Index)5 | -4.85 | -0.40 | 0.44 | 4.85 | 8.03 | 5.58 | 5.31 | -1.58 |
Performance Differential (NAV - Index) | -0.18 | -0.60 | 0.03 | -0.35 | 0.03 | 0.12 | 0.28 | 0.10 |
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 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Public Service Enterprise Group Inc |
PEG US
|
76,636
|
4,631,113 | 8.25 |
Dominion Energy Inc |
D US
|
79,213
|
4,405,827 | 7.85 |
Cameco Corp |
CCJ US
|
146,707
|
4,010,969 | 7.15 |
Cez As |
CEZ CP
|
79,606
|
3,722,582 | 6.63 |
Pg&E Corp |
PCG US
|
221,306
|
3,456,800 | 6.16 |
Entergy Corp |
ETR US
|
32,180
|
3,310,357 | 5.90 |
Constellation Energy Corp |
CEG US
|
43,711
|
3,273,517 | 5.83 |
Endesa Sa |
ELE SM
|
137,377
|
2,701,099 | 4.81 |
Bwx Technologies Inc |
BWXT US
|
43,544
|
2,660,974 | 4.74 |
Kyushu Electric Power Co Inc |
9508 JP
|
497,600
|
2,640,816 | 4.71 |
Top 10 Total (%) | 62.04 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 49.34 |
● Canada | 14.76 |
● Czech Republic | 6.63 |
● Italy | 4.81 |
● Japan | 4.71 |
● China | 4.37 |
● Kazakhstan | 4.34 |
● Finland | 4.33 |
● Australia | 3.96 |
● United Kingdom | 1.62 |
● South Korea | 1.15 |
● Other/Cash | -0.02 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Utilities | 63.46 |
● Energy | 28.16 |
● Industrials | 7.52 |
● Materials | 0.88 |
● Other/Cash | -0.02 |