URNM

The North Shore Global Uranium Mining ETF (URNM) is an exchange-traded fund designed to provide global exposure to companies involved in uranium mining, nuclear fuel production, and infrastructure associated with the nuclear-energy sector. The ETF is managed by North Shore Indices in partnership with Exchange Traded Concepts and trades under the ticker URNM on the NYSE Arca.

Classified as a thematic equity ETF focused on uranium and nuclear energy, the fund seeks to reflect, before fees and expenses, the performance of the North Shore Global Uranium Mining Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. 

The benchmark includes global companies involved in uranium mining, mineral exploration, nuclear-project development, nuclear-fuel storage, and activities associated with the nuclear-energy supply chain.

Diversification and sector exposure

URNM provides exposure primarily associated with:

• Uranium mining.
• Nuclear energy.
• Nuclear fuel.
• Global mining companies.
• Nuclear infrastructure.
• Energy commodities.
• Energy transition.
• Mineral exploration companies.

The ETF’s performance is particularly sensitive to international uranium prices, global energy policies, and expectations surrounding the expansion of nuclear-power generation in different regions of the world.

Regulatory changes, geopolitical developments, mining-production costs, and debates surrounding energy security may directly affect the fund’s behavior. The ETF may also reflect movements associated with demand for lower-carbon energy sources and diversification of the global energy mix.

Structure and costs

URNM 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. URNM may distribute income derived from dividends paid by companies held within the portfolio.

Because the ETF maintains concentrated thematic exposure to uranium mining and nuclear-energy companies, its performance may exhibit elevated volatility and strong sensitivity to movements in energy commodities and the global mining sector.

History and evolution of the ETF

The North Shore Global Uranium Mining ETF was launched in 2019 during a period marked by renewed global interest in nuclear energy and expansion of thematic ETFs associated with the energy transition.

Since inception, the fund has reflected movements associated with the global uranium market, including changes in international energy policies, fluctuations in nuclear-fuel prices, and developments related to global energy security.

In recent years, URNM has reflected growing discussions surrounding the energy transition, expansion of nuclear-power generation across multiple countries, fluctuations in energy commodities, and changing supply and demand conditions within the global uranium market.

Additional Information

North Shore Global Uranium Mining ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $2.07 Billions.

Over the past 12 months, North Shore Global Uranium Mining ETF recorded a return of 31.23%, with its price trading between $42.73 and $83.99 during the same period.

The ETF is traded under the ticker URNM.