URNM

Sprott Uranium Miners UCITS ETF – Acc

A new uranium bull market is underway, driven by the race to net-zero.

Case for our Uranium Miners ETF

Uranium Miners May Be Poised to Take Market Share Within the Energy Sector

Global electricity demand is growing rapidly, presenting a clear need for efficient, clean and cost-effective energy. Uranium mining has been lower than reactor demand for decades, leaving a supply gap.

Uranium and Nuclear Energy May Be Critical to the Clean Energy Transition

Nuclear energy is more reliable, efficient, and clean than many other energy sources. Given net zero targets, government policies are shifting in favour of nuclear to complement renewable sources.

New Uranium Bull Market is Underway, Incentivising Miners and Investors

Existing supply may not meet future demands, encouraging non-utility uranium buyers to enter the market. Utilities are expected to accelerate uranium purchases to ensure long-term security of price and supply.

As of 10.04.2024

Fund Objective

Sprott Uranium Miners UCITS ETF (URNM) seeks to provide investors with a way to invest in the growth of nuclear power through exposure to uranium miners. This comprises companies involved in the uranium industry, spanning the mining, exploration, development and production of uranium. The uranium miners ETF is also permitted to invest in entities that hold physical uranium, uranium royalties or other non-mining assets. We believe these companies may stand to benefit from nuclear power’s increasing contribution to the green energy transition.

Key Information

Inception Date03/05/2022
Base currencyUSD
Net Assets of Fund$304,624,474
TER85 bps
Replication MethodPhysical
DomicileIreland
SFDR ClassificationArticle 6
ISINIE0005YK6564

Key Risks

The uranium and nuclear industry can be impacted by changes in politics/government regulation, breaches of security, ill-intentioned acts of terrorism or natural disasters. Activities related to mining/exploration may be capital intensive, requiring significant debt to maintain operations. Uranium companies; performance may be heavily reliant on the underlying price of uranium which can be volatile.

Fund Information

TickerURNM
Asset ClassEquities
Income TreatmentAccumulating
Rebalance FrequencySemi-Annually

Net Asset Values

NAV$11.43
Net Assets of Fund$304,624,474
Shares Outstanding26,650,000
Issuer AUM$1,131,410,551

Fund Structure

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

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
LSEURNM LNURNM.LBN16G54$2022-05-05
LSEURNP LNURNP.LBN16G87£2022-05-05
XetraU3O8 GYU3O8.DEBPCJFR12022-05-05
Borsa ItalianaU3O8 IMU3O8.MIBPCJF822022-05-12
SIXURNM SEURNM.SBMX7G362024-01-11
Exchange LSE
Ticker URNM LN
RIC URNM.L
SEDOL BN16G54
CCY $
Listing Date 2022-05-05
Exchange LSE
Ticker URNP LN
RIC URNP.L
SEDOL BN16G87
CCY £
Listing Date 2022-05-05
Exchange Xetra
Ticker U3O8 GY
RIC U3O8.DE
SEDOL BPCJFR1
CCY
Listing Date 2022-05-05
Exchange Borsa Italiana
Ticker U3O8 IM
RIC U3O8.MI
SEDOL BPCJF82
CCY
Listing Date 2022-05-12
Exchange SIX
Ticker URNM SE
RIC URNM.S
SEDOL BMX7G36
CCY
Listing Date 2024-01-11

Returns

URNM (Fund)URNMXA (Index)
1M1.75%1.75%
3M2.42%2.56%
6M7.69%7.90%
YTD2.42%2.56%
12M63.90%64.75%
3Y-103.31%
Since Inception (03/05/2022)38.63%40.53%

Performance 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 10.04.2024

No. of holdings: 38

NameWeight
CAMECO CORP COMMON STOCK15.22%
NAC KAZATOMPROM JSC GDR14.02%
SPROTT PHYSICAL URANIUM11.64%
CGN MINING CO LTD COMMON5.12%
PALADIN ENERGY LTD COMMON5.09%
CASH4.79%
DENISON MINES CORP COMMON4.56%
NEXGEN ENERGY LTD COMMON4.37%
URANIUM ENERGY CORP4.30%
BOSS ENERGY LTD COMMON4.28%

SectorWeight
Materials83.31%
Other16.69%

Methodology

Companies must be listed on a stock exchange or regulated market and have a significant part of their business operations related to the uranium industry, including holding physical uranium. Rebalanced semi-annually.

Index Details

IndexNorth Shore Sprott Uranium Miners Index
Index CurrencyUSD
Index ProviderINDXX
Index TickerURNMXA

Knowledge hub

Explore our expert-written monthly fund reports, periodic reviews, and key insights on the Uranium Miners ETF

Video

Explore the latest video featuring CEO of Sprott Asset Management, John Ciampaglia, on how and why nuclear energy has re-emerged with such force, and what this means for uranium miners.

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”.

Learn more: https://sprott.com/