The VanEck Uranium and Nuclear Technologies UCITS ETF (NUCL) is an Ireland-domiciled thematic equity ETF managed by VanEck. The fund seeks to track the MarketVector Global Uranium and Nuclear Energy Infrastructure Index, a benchmark comprising companies involved in the global uranium industry and the development of nuclear energy infrastructure and technologies.

The benchmark provides exposure to companies operating across different segments of the nuclear industry, including uranium mining and development projects, reactor construction, nuclear infrastructure, technology development, fusion research, and related industry services.

The methodology applies market-capitalization and liquidity requirements for index inclusion and imposes weighting limits on individual constituents. Companies generating a smaller portion of their revenue from uranium and nuclear energy-related activities are also subject to specific weighting limits.

Composition / Exposure Profile

NUCL's portfolio includes companies operating across different segments of the global uranium and nuclear energy value chain, including:

• Uranium mining and development projects.

• Nuclear fuel-related production and processing.

• Reactor construction and infrastructure.

• Nuclear engineering and technology.

• Research and development of nuclear energy technologies.

• Services related to the nuclear industry.

Geographic exposure is global and can include companies from different developed and emerging markets depending on the benchmark's eligibility requirements.

As a thematic strategy, the portfolio is more concentrated than ETFs tracking broad equity-market indexes. Its performance can therefore be particularly sensitive to conditions in the nuclear industry, uranium prices, energy and environmental policies, the development of new projects and technologies, and regulatory changes.

Structure and Costs

The fund has the U.S. dollar as its base currency and has trading lines in different currencies and exchanges, including the London Stock Exchange.

The ETF has a total expense ratio (TER) of 0.55% per year, uses full physical replication, and is domiciled in Ireland. It operates under the UCITS framework and is managed by VanEck Asset Management B.V.

NUCL follows an accumulating income policy. Dividends and other income received from portfolio holdings are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The VanEck Uranium and Nuclear Technologies UCITS ETF (NUCL) was launched in 2023 to provide exposure to the global uranium value chain and companies involved in the development of nuclear energy infrastructure and technologies.

Since its launch, the fund has maintained a passive strategy linked to the MarketVector Global Uranium and Nuclear Energy Infrastructure Index, tracking companies across different segments of the global nuclear industry.

Throughout its history, NUCL's performance has reflected factors including movements in uranium markets, changes in energy policies, the development of new nuclear generation projects, technological advances, and shifting expectations regarding the role of nuclear power in the global energy mix.

Additional Information

VanEck Uranium and Nuclear Technologies UCITS (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $425.39 million.

Over the past 12 months, VanEck Uranium and Nuclear Technologies UCITS recorded a return of -20.49%, with its price trading between $47.23 and $70.27 during the same period.

The ETF is traded under the ticker NUCL.