The Range Nuclear Renaissance Index ETF (NUKZ) is an exchange-traded fund designed to track the performance of global companies participating in the nuclear energy value chain. The ETF is managed by Range Fund Holdings and trades under the ticker NUKZ on the NYSE Arca.

Classified as a thematic equity ETF, the fund invests in companies involved in uranium mining and enrichment, nuclear power generation, reactor manufacturing, engineering, infrastructure, equipment, and services supporting the nuclear industry. 

Its strategy is designed to provide exposure to the so-called "nuclear renaissance," driven by growing demand for low-carbon electricity and expanding global electrification.

The ETF follows a passive management approach and seeks to replicate the performance of the Range Nuclear Renaissance Index, a benchmark composed of companies that play a significant role in the global nuclear industry.

Diversification and sector exposure

NUKZ provides exposure primarily associated with:

• Nuclear energy.

• Uranium.

• Power generation.

• Industrial equipment.

• Engineering.

• Energy infrastructure.

• Utilities.

• Energy transition.

The portfolio includes companies from multiple countries participating across the nuclear energy value chain, including uranium miners, nuclear power plant operators, reactor component manufacturers, engineering firms, and technology providers.

The ETF's performance reflects developments in the global nuclear industry and is influenced by electricity demand, investment in new nuclear facilities, and projects to extend the operating lives of existing reactors.

Structure and costs

NUKZ shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings, when applicable, may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Range Nuclear Renaissance Index ETF was launched in 2023 to provide investors with exposure to the growth of the global nuclear industry through a diversified portfolio of nuclear-related companies.

Since inception, the fund has reflected renewed interest in nuclear power as a low-carbon source of electricity, supported by the global energy transition and increasing demand for reliable baseload power.

In recent years, the expansion of data centers, the growth of artificial intelligence, rising energy security concerns, stronger uranium prices, and announcements of new nuclear reactor projects around the world have continued to shape the performance of the companies represented in the ETF's portfolio.

Additional Information

NUKZ (United States) is an exchange-traded fund (ETF), with assets under management totaling $604.94 million.

Over the past 12 months, NUKZ recorded a return of -19.95%, with its price trading between $52.84 and $76.23 during the same period.

The ETF is traded under the ticker NUKZ.