Sprott Junior Uranium Miners ETF
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As of December 19, 2024
NAV
$19.08
NAV Daily Change
+$0.17
+0.9%
NAV Since Inception Cumulative Change1
2.10%
Ticker
URNJ
Market Price2
$19.02
Premium/Discount3
-0.31%
Total Net Asset Value
$257 Million
Net Total Expense Ratio4
0.80%
Overview
Key Points
- Pure-Play† Junior Uranium ETF – The only†† pure-play ETF focused on small uranium miners, with the potential for significant revenue and asset growth.
- Uranium Bull Market – A new uranium bull market is likely underway as demand outstrips supply, nations seek energy security and prices have the potential to increase—incentivizing miners and providing opportunities to investors.
- Critical Material in Meeting Energy Demand – Uranium and nuclear energy may be critical to meeting the world’s expanding need for electricity, and countries recently committed to tripling global nuclear energy capacity by 2050 to reach net-zero goals.
- Supporting Energy Security – Uranium and nuclear energy may help countries achieve a reliable and affordable source of electricity.
Investment Objective
Sprott Junior Uranium Miners ETF (Nasdaq: URNJ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ), which is designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses.
†The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.
††Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 9/30/2024.
Key Facts
Ticker
URNJ
Listing Exchange
Nasdaq®
Benchmark Index
NSURNJ
Index Rebalance Frequency
Semi-Annually in June & December
ISIN
Show ISIN
ISIN: US85208P8086
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85208P808
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
February 1, 2023
Adviser
Sprott Asset Management USA, Inc.
Sub-Adviser
ALPS Advisors, Inc.
Distributor
ALPS Distributors, Inc.
Fees & Expenses4
| Management Fee | 0.80% |
| Other Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 0.80% |
ETF Fund Details
December 19, 2024
Total Net Assets
$257,068,149.09
Shares Outstanding
13,470,000
Number of Holdings
33
Median 30 Day Bid Ask Spread
(As of 12/19/2024)
0.70%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 11/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Junior Uranium Miners ETF (Net Asset Value) |
0.30 | 19.22 | 0.04 | -0.24 | 10.54 |
| Sprott Junior Uranium Miners ETF (Market Price)2 |
0.82 | 18.34 | -0.68 | -2.01 | 10.46 |
| Nasdaq Sprott Junior Uranium Miners™� Index (Benchmark)5 |
0.00 | 19.37 | 0.60 | -0.05 | 11.19 |
| MSCI All Country World Index5 | 3.74 | 3.77 | 20.34 | 26.12 | 18.31 |
Quarter-End Performance
Average Annual Total Returns (%) As of 9/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Junior Uranium Miners ETF (Net Asset Value) |
14.93 | -6.90 | -3.55 | -1.31 | 9.23 |
| Sprott Junior Uranium Miners ETF (Market Price)2 |
12.46 | -6.96 | -5.61 | -1.85 | 8.21 |
| Nasdaq Sprott Junior Uranium Miners™ Index (Benchmark)5 |
15.96 | -5.90 | -2.27 | -0.37 | 10.45 |
Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call 888.622.1813 or visit www.sprottetfs.com for current month end performance. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
* Returns less than one year are not annualized.
1 Inception Date: 2/1/2023.
2 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
3 The Premium/Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).
4 Reflects Total Annual Operating Expenses as outlined in the most recent prospectus. For the services the Adviser (Sprott Asset Management USA, Inc.) provides to the Fund, the Adviser is entitled to receive an annual advisory fee from the Fund calculated daily and paid monthly at an annual rate of 0.80% of net assets.
5 The Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Sponsor”). The Index Provider and Sponsor co-developed the methodology for determining the securities to be included in the Index and the Index Provider is responsible for the ongoing maintenance of the Index. The Sponsor will provide certain services in connection with the Index including contributing inputs in connection with the eligibility and process to determine the initial selection and ongoing composition of the Index constituents.
Market Price vs. Net Asset Value Since Inception
User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.
Inception date: February 01, 2023.
Historical Premium/Discount: Market Price to Net Asset Value
User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.
Inception date: February 01, 2023.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of December 21, 2024
| CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
| Days Traded at Premium | 154 | 39 | 38 | 34 | -- |
| Days Traded at Discount | 67 | 22 | 25 | 27 | -- |
Portfolio Characteristics
As of 11/30/2024
| Number of Issuers | 33 |
| Market Cap (millions) | $21,022.34 |
| Weighted Avg. Company Market Cap (millions) | $2,093.75 |
| Market Cap Breakdown | |
| Large (>$10B) | 0% |
| Medium ($2 -$10B) | 48.84% |
| Small (<$2B) | 51.16% |
| Material Weightings††† | |
| Uranium Equities | 100% |
††† Reflects equities classified by Sprott Asset Management.
Company Domicile Breakdown
As of 11/30/2024
Holdings
As of 12/19/2024
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Uranium Energy Corp. | $48,964,635.04 | UEC | B0VLLY2 | 6,563,624 | 19.05% |
| NexGen Energy Ltd. | $42,045,356.20 | NXE | BCH0BB4 | 6,023,690 | 16.36% |
| Denison Mines Corp. | $35,192,401.22 | DNN | B0122F3 | 18,140,413 | 13.69% |
| Paladin Energy Ltd. | $14,921,512.50 | PDN AU | 6668468 | 3,061,069 | 5.80% |
| Energy Fuels Inc. | $14,336,629.84 | UUUU | BFV4XW8 | 2,650,024 | 5.58% |
| Encore Energy Corp. | $13,040,227.36 | EU CN | BN48958 | 3,853,829 | 5.07% |
| Deep Yellow Ltd. | $11,164,184.00 | DYL AU | 6480275 | 16,954,533 | 4.34% |
| CGN Mining Co. Ltd. | $10,350,197.83 | 1164 HK | B755514 | 49,032,800 | 4.03% |
| Boss Energy Ltd. | $8,438,417.34 | BOE AU | B1XLCQ6 | 5,955,887 | 3.28% |
| Ur-Energy Inc. | $7,387,834.91 | URG | B0WW4L2 | 6,537,907 | 2.87% |
| Fission Uranium Corp. | $6,684,548.65 | FCU CN | B94QMQ6 | 12,658,864 | 2.60% |
| Bannerman Energy Ltd. | $5,750,624.24 | BMN AU | B07DXJ1 | 3,425,106 | 2.24% |
| Uranium Royalty Corp. | $5,339,734.80 | UROY | BL7BHH8 | 2,530,680 | 2.08% |
| IsoEnergy Ltd. | $4,984,322.39 | ISO CN | BD5FYX1 | 2,759,110 | 1.94% |
| Lotus Resources Ltd. | $4,002,467.92 | LOT AU | BK6XLC1 | 35,625,967 | 1.56% |
| Peninsula Energy Ltd. | $2,816,785.39 | PEN AU | 6486381 | 3,976,209 | 1.10% |
| Global Atomic Corp. | $2,575,001.45 | GLO CN | BF11BK3 | 4,813,079 | 1.00% |
| Laramide Resources Ltd. | $2,250,486.49 | LAM CN | 2507952 | 5,489,852 | 0.88% |
| Atha Energy Corp. | $2,218,508.53 | SASK CN | BNQNDF9 | 5,701,765 | 0.86% |
| Alligator Energy Ltd. | $1,917,322.41 | AGE AU | B55ZH25 | 93,087,746 | 0.75% |
| Berkeley Energia Ltd. | $1,888,663.31 | BKY AU | 6589473 | 8,899,937 | 0.73% |
| Mega Uranium Ltd. | $1,855,842.30 | MGA CN | 2817833 | 8,757,446 | 0.72% |
| F3 Uranium Corp. | $1,831,899.99 | FUU CN | BMW5VG9 | 11,219,413 | 0.71% |
| CanAlaska Uranium Ltd. | $1,808,896.98 | CVV CN | BR1YTV3 | 3,666,838 | 0.70% |
| Forsys Metals Corp. | $1,147,965.18 | FSY CN | 2597801 | 2,950,373 | 0.45% |
| Aura Energy Ltd. | $1,051,357.03 | AEE AU | B14Z2S9 | 12,031,880 | 0.41% |
| Elevate Uranium Ltd. | $1,042,662.02 | EL8 AU | BM8ZH21 | 6,960,551 | 0.41% |
| Skyharbour Resources Ltd. | $972,008.03 | SYH CN | BDFGHL3 | 4,371,758 | 0.38% |
| Western Uranium & Vanadium Corp. | $737,952.35 | WUC CN | BF39VJ4 | 1,106,352 | 0.29% |
| GoviEx Uranium Inc. | $630,904.05 | GXU CN | BNGCT03 | 18,160,573 | 0.25% |
| Baselode Energy Corp. | $263,201.40 | FIND CN | BLPJL27 | 4,456,619 | 0.10% |
| Anfield Energy Inc. | $171,964.56 | AEC CN | BF11BH0 | 3,000,000 | 0.07% |
| F4 Uranium Corp. | $0.08 | 2389266D | 2389266 | 1,162,639 | 0.00% |
| Cash Equivalent | $-716,366.70 | $-716,366.70 | -0.30% |
33 total, excluding cash and cash equivalents. Subject to change.
Distributions
Ex-Date |
Record Date |
Payable Date |
Short-Term Capital Gains |
Long-Term Capital Gains |
Ordinary Income |
Total Distributions |
|---|---|---|---|---|---|---|
12/14/2023 |
12/15/2023 |
12/21/2023 |
- |
- |
$0.95 |
$0.95 |
12/12/2024 |
12/12/2024 |
12/19/2024 |
- |
- |
$0.81 |
$0.81 |
Literature
Fact Sheet
Quarterly Investor Presentation
Index Rebalance
White Paper
FAQs
Commentary
Real Assets in Focus: Gold, Silver, Copper and Uranium
Unlock the power of real assets investing with Sprott’s Masterclass video. Dive into gold, silver, copper and uranium with industry experts Ed Coyne, Ryan McIntyre and Steve Schoffstall as they reveal strategies to navigate global uncertainties and identify opportunities. Discover how to leverage precious metals and critical materials to potentially build a resilient, future-ready portfolio.
Why Tech & Big Investors Are Turning to Uranium & Gold
Gold has surged this year, and uranium demand is rising as central banks, tech giants, and major players pour into these metals. John Ciampaglia, CEO of Sprott, joins James Connor to reveal why gold is seen as a shield against economic risks and why uranium is crucial to big tech’s massive AI expansion plans.
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Contact Us
Investment Adviser
Sprott Asset Management USA, Inc.
320 Post Road, Suite 230
Darien, CT 06820
Telephone: 888.622.1813
Distributor and Sub-Adviser
ALPS
1290 Broadway, Suite 1100
Denver, CO 80203
Client Services
Financial Advisors and Investors
Telephone: 888.622.1813
Email: bullion@sprott.com
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