NUCL11

The Trend ETF Nuclear Energy Fundo de Índice (NUCL11) is a Brazilian exchange-traded fund designed to provide exposure to the global nuclear-energy sector through investments linked to the MVIS Global Uranium & Nuclear Energy Index (MVNLRTR). The ETF is administered by BNP Paribas Brasil S.A. and trades under the ticker NUCL11 on the B3.

Classified as a thematic international ETF, the fund follows a passive management strategy. Its objective is to provide investors with exposure to companies involved in uranium mining, nuclear-fuel production, nuclear-power generation, and related technologies through investments in the VanEck Uranium & Nuclear Energy ETF (NLR).

Composition / Exposure profile

NUCL11 provides exposure primarily associated with:

• Global nuclear-energy companies.

• Uranium-mining businesses.

• Nuclear-fuel producers.

• Nuclear-power generation operators.

• Energy-transition investments.

• International utility companies.

• U.S. dollar exposure.

• Global energy-infrastructure assets.

The underlying exposure may include companies such as Cameco Corp., Denison Mines Corp., and Constellation Energy Corp., among other constituents of the nuclear-energy value chain.

The ETF seeks to reflect the performance of the global nuclear-energy sector, providing diversified exposure to businesses operating across different stages of the industry.

Structure and costs

NUCL11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, helping to align the ETF’s market price with its net asset value (NAV).

The fund charges a total management fee of approximately 1.15% per year, including fees charged in Brazil (0.60% per year) and by the underlying international ETF (0.56% per year). NUCL11 does not apply a performance fee and does not provide recurring income distributions, as gains generated by the portfolio are reflected in the fund’s share value.

History and evolution of the ETF

The Trend ETF Nuclear Energy Fundo de Índice was launched in 2025 with the objective of providing Brazilian investors with access to the global nuclear-energy sector through an exchange-traded structure linked to a specialized international ETF.

Since inception, the fund has become part of the growing thematic ETF segment in Brazil, reflecting increasing investor interest in energy-transition themes and alternative sources of electricity generation.

In recent years, NUCL11 has reflected fluctuations in the global nuclear-energy sector, influenced by energy-demand trends, climate policies, uranium prices, technological developments, and investments in energy infrastructure worldwide.

Additional Information

Trend ETF Nuclear Energy Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $25.85 million.

Over the past 12 months, Trend ETF Nuclear Energy Fundo de Índice recorded a return of 2.08%, with its price trading between $70.55 and $108.13 during the same period.

The ETF is traded under the ticker NUCL11.