URNJ

Sprott Junior Uranium Miners UCITS ETF

Capturing the next stage of the uranium bull market.

Case for our Junior Uranium Miners ETF

Junior uranium miners could be poised for growth

Europe’s only pure-play junior uranium miners ETF, with assets selected based on their potential for significant revenue and asset growth.

Nuclear’s role in the net-zero transition

Nuclear energy has the highest capacity factor versus both traditional and alternative energy sources and the least CO2 equivalent emissions versus other energy forms, making it critical to reaching net-zero energy transition goals.

Uranium supply and demand imbalance

Hundreds of new reactors are being constructed, or planned, around the globe. Demand for uranium will likely outstrip supply, putting pressure on new and smaller miners to step up.

As of 18.04.2024

Fund Objective

Sprott Junior Uranium Miners UCITS ETF (URNJ) provides exposure to small- and mid-cap uranium miners that offer the potential of outperforming in the near future.

A new bull market is underway, incentivising miners to explore and develop new uranium mines and potentially allowing for smaller miners to experience significant growth.

Nuclear power’s essential role in the net-zero transition is driving demand for uranium, and miners will need to step up.

Key Information

Inception Date22/02/2024
Base currencyUSD
Net Assets of Fund$6,168,371
TER85 bps
Replication MethodPhysical Replication
DomicileIreland
SFDR ClassificationArticle 6
ISINIE00075IVKF9

Key Risks

Thematic ETFs are exposed to a limited number of sectors and thus the investment will be concentrated and may experience high volatility. The performance of junior uranium miners is tied to the price of uranium, which has potential for volatility. Exchange rates can have a positive or negative effect on returns. Investors’ capital is fully at risk and may not get back the amount originally invested.

Fund Information

TickerURNJ
Asset ClassEquities
Income TreatmentAccumulating
Rebalance FrequencySemi Annual

Net Asset Values

NAV$7.91
Net Assets of Fund$6,168,371
Shares Outstanding780,000
Issuer AUM$1,104,780,607

Fund Structure

UCITS CompliantYes
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting StatusYes
Sec LendingYes

Key Service Providers

CustodianJ.P. Morgan SE - Dublin Branch
Portfolio ManagerVident Advisory, LLC
IssuerHANetf ICAV

Registrations

Austria
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Spain
Sweden
United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
LSEURNJ LNURNJ.LBQS70P9$2024-02-23
LSEURJP LNURJP.LBQS70S2£2024-02-23
XetraU8NJ GYU8NJ.DEBQHNJQ22024-02-23
Borsa ItalianaURNJ IMURNJ.MIBQHNJR32024-03-08
Exchange LSE
Ticker URNJ LN
RIC URNJ.L
SEDOL BQS70P9
CCY $
Listing Date 2024-02-23
Exchange LSE
Ticker URJP LN
RIC URJP.L
SEDOL BQS70S2
CCY £
Listing Date 2024-02-23
Exchange Xetra
Ticker U8NJ GY
RIC U8NJ.DE
SEDOL BQHNJQ2
CCY
Listing Date 2024-02-23
Exchange Borsa Italiana
Ticker URNJ IM
RIC URNJ.MI
SEDOL BQHNJR3
CCY
Listing Date 2024-03-08

Returns

URNJ (Fund)NSURNJ (Index)
1M2.47%2.52%
3M-7.92%
6M-10.02%
YTD2.94%3.00%
12M-69.99%
3Y-76.65%
Since Inception (22/02/2024)2.94%3.00%

Performace chart

NAV

Source: HANetf, data as of 31.03.2024. Please note that all performance figures are showing net data. Performance before inception is based on back-tested data. Back-testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If fund is less than 12 months old, YTD field will be calculated since inception. When you invest in ETFs your capital is at risk.

Holdings As of 18.04.2024

No. of holdings: 32

NameWeight
PALADIN ENERGY LTD COMMON15.64%
NEXGEN ENERGY LTD COMMON12.65%
URANIUM ENERGY CORP11.36%
DENISON MINES CORP COMMON11.31%
CGN MINING CO LTD COMMON4.79%
DEEP YELLOW LTD COMMON4.74%
BOSS ENERGY LTD COMMON4.60%
ENCORE ENERGY CORP COMMON4.51%
FISSION URANIUM CORP4.11%
UR-ENERGY INC COMMON3.42%

SectorWeight
Materials99.97%
Other0.03%

Methodology

Companies must be listed on a stock exchange or regulated market and have a significant part of their business operations in the uranium mining industry. Must have a market capitalization no higher than $3 billion, or $5 billion for existing constituents. Rebalanced semi-annually.

Index Details

IndexNASDAQ Sprott Junior Uranium Miners Index
Index CurrencyUSD
Index ProviderNASDAQ
Index TickerNSURNJ

Knowledge hub

Explore our expert-written monthly fund reports, periodic reviews, and key insights.

About Partner

Sprott Asset Management LP (“SAM”) is a global asset manager providing clients with access to highly-differentiated precious metals and real assets investment strategies. We are specialists; our in-depth knowledge, experience and relationships separate us from the generalists. Sprott’s specialized investment products include innovative physical bullion and commodity trusts, managed equities and mining ETFs. SAM is headquartered in Toronto, Canada and is a wholly owned subsidiary of Sprott Inc., whose common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol “SII”.