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NLR

VanEck
Uranium and Nuclear ETF

As of October 31, 2024

Fund Details

Fund Ticker NLR
Intraday NAV (IIV) NLRIV
Index Ticker MVNLRTR
Total Net Assets ($M) 482.28
Options Available
Exchange NYSE Arca
Inception Date 08/13/07

Fund Data

Number of Holdings 27
Currency USD
Price/Earnings Ratio* 16.32
Price/Book Ratio* 2.98
Weighted Avg. Market Cap ($M) $19,466
30-Day SEC Yield * 1.06%
NAV: 52 Week High/Low $96.38/$69.44
*30-Day SEC Yield is based on the most recent 30-day period and reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time. A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security. 

Fees and Expenses

Management Fee 0.50%
Other Expenses 0.14%
Gross Expense Ratio 0.64%
Fee Waivers and
Expense Reimbursement		 -0.03%
Net Expense Ratio 0.61%

Fees and ExpensesExpenses for NLR are capped contractually at 0.60% until May 1, 2025. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

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.

Top 10 Holdings

Holding Name
Ticker
 % of Net Assets
Constellation Energy Corp
CEG US
 9.04
Public Service Enterprise Group Inc
PEG US
 6.98
Cameco Corp
CCJ US
 6.83
Bwx Technologies Inc
BWXT US
 6.09
Pg&E Corp
PCG US
 5.78
Uranium Energy Corp
UEC US
 5.17
Nexgen Energy Ltd
NXE US
 4.69
Denison Mines Corp
DNN US
 4.68
Fortum Oyj
FORTUM FH
 4.13
Oklo Inc
OKLO US
 4.12
Top 10 Total 57.50
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 10/31/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/13/07
NLR (NAV) 8.20 15.18 26.90 36.27 21.17 16.06 8.83 1.81
NLR (Share Price) 8.89 15.31 26.85 36.01 21.29 16.20 8.89 1.84
MVNLRTR (Index)† 8.36 15.41 27.13 36.72 21.29 16.01 8.66 1.73
Performance Differential (NAV - Index) -0.16 -0.23 -0.23 -0.45 -0.12 0.05 0.17 0.08
Quarter End as of 09/30/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/13/07
NLR (NAV) 10.99 4.46 17.29 23.80 19.93 13.89 8.42 1.36
NLR (Share Price) 10.57 4.48 16.49 23.28 19.69 13.82 8.39 1.34
MVNLRTR (Index)† 10.97 4.34 17.32 23.76 19.93 13.83 8.18 1.26
Performance Differential (NAV - Index) 0.02 0.12 -0.03 0.04 -- 0.06 0.24 0.10

*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 performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Uranium and Nuclear ETF would have been 1.06% on 10/31/24.

†Index 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 performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund 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. Investors should not expect to buy or sell shares at NAV.

NLR

VanEck
Uranium and Nuclear ETF

As of October 31, 2024

Top 10 Countries

Country % of Net Assets
United States 48.59
Canada 17.38
Australia 9.54
Finland 4.13
Italy 3.99
China 3.77
Czech Republic 3.73
Kazakhstan 3.66
United Kingdom 3.12
South Korea 2.07
Top 10 Total 99.97

Sector Weightings

Sector % of Net Assets
■ Energy 44.6
■ Utilities 41.5
■ Industrials 13.9
■ Other/Cash 0.0

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

An investment in the Fund may be subject to risks which include, but are not limited to, risks related to investments in nuclear energy companies, energy sector, utilities sector, industrials sector, special risk considerations of investing in Asian, Canadian, European and Australian issuers, foreign securities, foreign currency, depositary receipts, small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, issuer-specific changes, non-diversified, index-related concentration and high portfolio turnover risks, all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates that may negatively impact the Fund's return. Small- and medium-capitalization companies may be subject to elevated risks.

MVIS Global Uranium & Nuclear Energy Index is the exclusive property of MarketVector Indexes GmbH (a wholly owned subsidiary of Van Eck Securities Corporation), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector Indexes GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. VanEck Uranium and Nuclear ETF is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH and MarketVector Indexes GmbH makes no representation regarding the advisability of investing in the Fund.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017 

FUND TICKER: NLR 800.826.2333 VANECK.COM