Sprott Uranium Miners ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Detailed holdings are compiled from each fund’s latest SEC N-PORT portfolio filing.
About URNM
The Fund will normally invest at least 80% of its total assets in securities of the Index. The Index is designed to track the performance of companies that devote at least 50% of their assets to (i) mining, exploration, development, and production of uranium; and/or (ii) holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry, including, but not limited to, infrastructure and labor costs (“Uranium Companies”). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Uranium Companies. The universe of eligible index components includesexchange-listed equity securities of companies that have or expect to have a significant portion of their business operations relatedto uranium. Such companies are identified through the use of a proprietary selection methodology that includes a review of industry publications,sell side research, and fundamental research, as well as meetings with management. Companies in this eligible universe are included inthe Index subject to the following restrictions: •All securities must have a company level minimum market capitalization of $40 million to become components of the Index and must maintain a minimum market capitalization of $25 million to remain in the Index. •An aggregate weight of 82.5% of the Index is assigned to companies that are involved in the mining, exploration,development, and production of uranium. An aggregate weight of 17.5% of the Index is assigned to companies that hold physical uranium,uranium royalties, or other non-mining assets. •The components within each of these buckets are market cap weighted. •A single security weight cap of 15% and a single security floor of 0.30% is applied. •No more than five issuers will have a weight greater than 4.70% of the Index and the aggregate weightof all the components with a weight greater than 5% is capped at 50%. •If multiple share classes exist for a company, the following preference order is followed: oIf the company is already included in the Index, the existing share class is retained. oIf the company is not already included in the Index and an American Depositary Receipt (“ADR”) representing the company’sstock is available, such ADR will be given preference over all other share classes. oIn all other cases, the most liquid share class is considered for inclusion in the portfolio. The Index consists of securities of both U.S. and foreign issuers, including securities of issuers located in emerging market countries. As of December 1, 2021, a significant portion of the Index consisted of securities of Australian, Canadian, and Kazakh issuers. The Index is reconstituted and rebalancedon a semi-annual basis in March and September. Deletions from the Index may be made at any time due to changes in business, mergers,acquisitions, bankruptcies, suspensions, de-listings and spin-offs. The Index is unmanaged and cannot be invested in directly. The Fund employs a “passive management” investment strategy in seeking to achieve its investment objective. The Fund’s adviser, Exchange Traded Concepts, LLC (the “Adviser”), generally will use a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to the weightings in the Index. However, the Adviser may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. The Adviser expects that over time, if the Fund has sufficient assets, the correlation between the Fund’s performance, before fees and expenses, and that of the Index will be 95% or better. A figure of 100% would indicate perfect correlation. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund. The Fund may invest up to 20% of its assets in investments that are not included in the Index, but that the Adviser believes will help the Fund track the performance of the Index. The Fund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries. As of December 1, 2021, the Index was concentrated in the Oil, Gas & Consumable Fuels Industry. In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. As of December 1, 2021, a significant portion of the Index consisted of companies in the Energy Sector. The index provider is North Shore Indices, Inc. (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider developed the methodology for determining the securities to be included in the Index and is responsible for the ongoing maintenance of the Index. The Index is calculated by Indxx, LLC, which is not affiliated with the Fund or the Adviser.
URNM News
- (URNM) Movement Within Algorithmic Entry Frameworks
- Washington Just Committed $17.5 Billion to New Reactors. Uranium Funds Missed the Memo
- Washington Just Committed $17.5 Billion to New Reactors. Uranium Funds Missed the Memo
- How (URNM) Movements Inform Risk Allocation Models
- US-Saudi Sign Landmark Atomic Deal: A Game Changer for Nuclear ETFs?
- The Nuclear Trade Is Entering Phase 2 and These 3 ETFs Own Everything From Uranium Miners to Reactor Restarts
- Trading Systems Reacting to (URNM) Volatility
- NLR Trades at 0.61%: Why This Nuclear Fund Beats Uranium Miners
- 5 Uranium ETFs to Buy Before Nuclear Demand Triples by 2050
- Sprott Uranium Miners ETF $URNM Stake Boosted by WIT Partners Advisory Pte. Ltd.
- Short Interest in Sprott Uranium Miners ETF (NYSEARCA:URNM) Declines By 51.1%
- Trading Systems Reacting to (URNM) Volatility
Data for URNM is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.