As of 3/29/2023
NAV
$14.87
NAV Daily Change
$0.25 (1.71%)
NAV Since Inception Change1
-26.6%
Ticker/Exchange
URNJ
Market Price2
$14.90
Premium/Discount3
0.20%
Total Net Assets
$16.5 Million
Net Total Expense Ratio4
0.80%

Overview

Key Points

  1. Pure-Play Junior Uranium ETF – The only pure-play ETF focused on small uranium miners, selected for their potential for significant revenue and asset growth
  2. Uranium Bull Market – A new uranium bull market is likely underway, incentivizing miners to explore and develop new uranium mines
  3. Critical Mineral in Clean Energy Transition – Uranium and nuclear energy are critical to the clean energy transition
  4. Supporting Energy Security – Uranium and nuclear energy provide reliable, affordable electricity that may help countries achieve energy security

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 2/28/2023.

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.

 

Educational Video - Critical Minerals for the Clean Energy Transition

Featured Insight

Has the Next Commodities Supercycle Begun?
3/21/2023
Sprott Energy Transition Materials

Has the Next Commodities Supercycle Begun?

February saw energy transition materials/critical minerals markets correct, but the secular story remains strong. As the global energy transition "arms race" heats up, the drive to secure supply is fast becoming more important than price. All signs indicate the 40-year bond bull market has likely ended and the next great secular bull market in commodities has begun.

ETF Details As of 3/29/2023
ETF Ticker URNJ
Index Ticker NSURNJ™
Listing Exchange Nasdaq®
CUSIP 85208P808
ISIN US85208P8086
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $16,503,845.98
Shares Outstanding 1,110,000
Number of Holdings 32
Median 30 Day Bid Ask Spread na
Adviser Sprott Asset Management LP
Sub-Adviser ALPS Advisors, Inc.
Distributor ALPS Distributors, Inc.
Fees and Expenses
Management Fee 0.80%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.80%
As of the most recent prospectus.4

Quarter-End Performance
Average Annual Total Returns (%) As of 2/01/2023

Fund 1 MO* S.I.1
Sprott Junior Uranium Miners ETF
(Net Asset Value)
-- --
Sprott Junior Uranium Miners ETF
(Market Price)2
-- --
Nasdaq Sprott Junior Uranium Miners™ Index
(Benchmark)5
-- --

Past performance does not guarantee future results.

 

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: 2/1/2023.

 

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: 2/1/2023.

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter

Data updated as of 2/01/2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- -- -- -- --
Days Traded at Discount -- -- -- -- --

Index Portfolio Characteristics

As of 2/28/2023

Number of Issuers 32
Market Cap (millions) $12,200
Weighted Avg. Company Market Cap (millions) $897
Market Cap Breakdown
Large (>$10B) 0.00%
Medium ($2 -$10B) 11.45%
Small (<$2B) 88.55%
Material Weightings††
Uranium Equities 100.00%

†† Reflects equities classified by Sprott Asset Management.

Index Company Domicile Breakdown

As of 2/28/2023

Daily Holdings

As of 3/29/2023

Security Market Value ISIN Symbol SEDOL Quantity Weight
NexGen Energy Ltd. $1,999,937.58 CA65340P1062 NXE BCH0BB4 524,918 12.12%
Paladin Energy Ltd. $1,884,964.56 AU000000PDN8 PDN AU 6668468 4,702,641 11.42%
Uranium Energy Corp. $1,846,736.64 US9168961038 UEC B0VLLY2 641,228 11.19%
Energy Fuels Inc. $1,723,798.48 CA2926717083 UUUU BFV4XW8 318,044 10.44%
Boss Energy Ltd. $894,567.91 AU000000BOE4 BOE AU B1XLCQ6 597,799 5.42%
Denison Mines Corp. $847,606.20 CA2483561072 DNN B0122F3 807,244 5.14%
Global Atomic Corp. $713,377.53 CA37957M1068 GLO CN BF11BK3 353,213 4.32%
Fission Uranium Corp. $669,619.42 CA33812R1091 FCU CN B94QMQ6 1,376,423 4.06%
CGN Mining Co. Ltd. $661,063.59 KYG2029E1052 1164 HK B755514 6,105,000 4.01%
Deep Yellow Ltd. $628,040.15 AU000000DYL4 DYL AU 6480275 1,724,967 3.81%
Encore Energy Corp. $594,875.17 CA29259W7008 EU CN BN48958 273,572 3.60%
Ur-Energy Inc. $509,889.25 CA91688R1082 URG B0WW4L2 537,461 3.09%
Uranium Royalty Corp. $443,090.45 CA91702V1013 UROY BL7BHH8 212,005 2.68%
Lotus Resources Ltd. $352,024.10 AU0000058737 LOT AU BK6XLC1 2,927,452 2.13%
Bannerman Energy Ltd. $324,995.12 AU000000BMN9 BMN AU B07DXJ1 360,357 1.97%
IsoEnergy Ltd. $287,626.37 CA46500E1079 ISO CN BD5FYX1 135,489 1.74%
Berkeley Energia Ltd. $221,998.14 AU000000BKY0 BKY AU 6589473 949,448 1.35%
Peninsula Energy Ltd. $219,902.08 AU000000PEN6 PEN AU 6486381 2,532,071 1.33%
Aura Energy Ltd. $195,098.50 AU000000AEE7 AEE AU B14Z2S9 973,470 1.18%
Alligator Energy Ltd. $190,234.73 AU000000AGE2 AGE AU B55ZH25 8,375,308 1.15%
GoviEx Uranium Inc. $185,829.15 CA3837981057 GXU CN BNGCT03 1,326,869 1.13%
Elevate Uranium Ltd. $156,321.10 AU0000156416 EL8 AU BM8ZH21 698,494 0.95%
Consolidated Uranium Inc. $151,011.46 CA21024C1014 CUR CN BN75T23 162,595 0.92%
Laramide Resources Ltd. $145,125.63 CA51669T1012 LAM CN 2507952 486,135 0.88%
Mega Uranium Ltd. $127,453.85 CA58516W1041 MGA CN 2817833 910,054 0.77%
Forsys Metals Corp. $114,388.35 CA34660G1046 FSY CN 2597801 316,704 0.69%
Skyharbour Resources Ltd. $101,846.09 CA8308166096 SYH CN BDFGHL3 368,452 0.62%
CanAlaska Uranium Ltd. $88,222.02 CA13708P2017 CVV CN 2526924 299,216 0.53%
Western Uranium & Vanadium Corp. $65,992.70 CA95985D1006 WUC CN BF39VJ4 89,529 0.40%
Anfield Energy Inc. $59,463.00 CA03464C1068 AEC CN BF11BH0 1,344,508 0.36%
Baselode Energy Corp. $59,777.98 CA0698251075 FIND CN BLPJL27 193,090 0.36%
Toro Energy Ltd. $48,190.05 AU000000TOE6 TOE AU B0Z3S54 7,213,521 0.29%
Cash Equivalent $-9,221.37 $-9,221.37 -0.05%

32 total, excluding cash and cash equivalents.  Subject to change.


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distributions
- - - - - - -

 



Education

Video - Bloor Street Capital Nuclear and Uranium Conference

Video - Bloor Street Capital Nuclear and Uranium Conference

Webcast Replay: The Energy Transition Is Here. Is Your Portfolio Ready?

Podcast: 2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box?

Podcast: 2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box?

Podcast: 2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box?

Whitepaper - Unearthing Opportunity: Uranium Miners and the Global Clean Energy Transition

Sprott Uranium White Paper

Video - Uranium: Born of the Stars

Video: How It's Made - Uranium Part 1

Uranium

Video: How It's Made - Uranium Part 2

Uranium

 


 

 

 

 

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 prospectus dated January 31, 2023. For the services the Adviser (Sprott Asset Management LP) 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% on assets.

5 The Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Adviser”). The Index Provider and Adviser 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 Adviser 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.

Important Disclosures & Definitions

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Junior Uranium Miners ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/urnj/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.

The Fund is not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. The Fund is non-diversified and can invest a more significant portion of assets in securities of individual issuers than a diversified fund. As a result, changes in a single investment's market value could cause more significant share price fluctuations than in a diversified fund.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Junior Uranium Miners ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 10,000 shares.

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.

The Sprott Junior Uranium Miners ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™).

Nasdaq®, Nasdaq Junior Uranium Miners™ Index, and NSURNJ™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management LP is the investment advisor to the Sprott Junior Uranium Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott Junior Uranium Miners ETF and is a registered broker-dealer and FINRA Member.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter

Data updated as of 2/01/2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- -- -- -- --
Days Traded at Discount -- -- -- -- --

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported net asset value. The amount that the fund's market price is above the reported NAV is called the premium. The amount that the fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

*A unit that is equal to 1/100th of 1% and is used to denote the change in a financial instrument.

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).


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