Sprott Uranium Miners ETF
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As of December 19, 2024
NAV
$40.73
NAV Daily Change
+$0.08
+0.2%
NAV Since Inception Cumulative Change1
280.67%
Ticker
URNM
Market Price2
$40.72
Premium/Discount3
-0.02%
Total Net Asset Value
$1.49 Billion
Net Total Expense Ratio4
0.75%
Overview
Key Points
- Pure-Play† Uranium ETF – A U.S.-listed Uranium ETF focused on uranium miners and physical uranium.
- 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 Uranium Miners ETF (NYSE Arca: URNM) seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium, or holding physical uranium, owning uranium royalties or engaging in other non-mining activities that support the uranium mining industry.
†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.
Key Facts
Ticker
URNM
Listing Exchange
NYSE Arca
Benchmark Index
URNMX
Index Rebalance Frequency
Semi-Annually in March & September
ISIN
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ISIN: US85208P3038
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85208P303
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
December 3, 2019
Adviser
Sprott Asset Management USA, Inc.
Sub-Adviser
ALPS Advisors, Inc.
Distributor
ALPS Distributors, Inc.
Fees & Expenses4
| Management Fee | 0.75% |
| Other Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 0.75% |
ETF Fund Details
December 19, 2024
Total Net Assets
$1,488,204,303.77
Shares Outstanding
36,535,000
Number of Holdings
37
Median 30 Day Bid Ask Spread
(As of 12/19/2024)
0.31%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 11/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | S.I.1 |
| Sprott Uranium Miners ETF (Net Asset Value) |
1.07 | 15.38 | -0.12 | 2.42 | 8.33 | 34.23 |
| Sprott Uranium Miners ETF (Market Price)2 |
1.35 | 14.58 | -0.58 | 0.84 | 8.76 | 34.19 |
| North Shore Global Uranium Mining Index (Benchmark)5 |
1.18 | 15.38 | 0.13 | 2.89 | 9.15 | 35.31 |
| MSCI All Country World Index5 | 3.74 | 3.77 | 20.34 | 26.12 | 7.68 | 11.63 |
Quarter-End Performance
Average Annual Total Returns (%) As of 9/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | S.I.1 |
| Sprott Uranium Miners ETF (Net Asset Value) |
11.20 | -6.90 | -3.74 | 1.05 | 10.31 | 34.57 |
| Sprott Uranium Miners ETF (Market Price)2 |
9.51 | -7.04 | -4.98 | 0.86 | 9.49 | 34.30 |
| North Shore Global Uranium Mining Index (Benchmark)5 |
11.32 | -6.57 | -3.39 | 1.65 | 11.23 | 35.73 |
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Call 888.622.1813 for current month end performance.
* Returns less than one year are not annualized.
1 Inception Date: 12/3/2019. URNM was reorganized from the North Shore Global Uranium Mining ETF into the Sprott Uranium Miners ETF on 4/22/2022. URNM is a continuation of the prior ETF and, therefore, the performance information shown includes the prior ETF’s performance.
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 0.75% of net assets. This fee was lowered to 0.75% as of 4/1/2024.
5 The North Shore Global Uranium Mining Index (URNMX) was created by North Shore Indices, Inc. (the “Index Provider”). The Index Provider developed the methodology for determining the securities to be included in the Index and is responsible for ongoing maintenance of the Index. The Index is calculated by Indxx, LLC, which is not affiliated with the North Shore Global Uranium Miners Fund (“Existing Fund”), ALPS Advisors, Inc. (the “Sub-Adviser”) or Sprott Asset Management LP (the “Adviser”). You cannot invest directly in an index.
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: December 03, 2019.
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: December 03, 2019.
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 | 147 | 31 | 43 | 32 | -- |
| Days Traded at Discount | 95 | 26 | 19 | 32 | -- |
Portfolio Characteristics
As of 11/30/2024
| Number of Issuers | 37 |
| Market Cap (millions) | $58,929.79 |
| Weighted Avg. Company Market Cap (millions) | $7,208.20 |
| Market Cap Breakdown | |
| Large (>$10B) | 32.21% |
| Medium ($2 -$10B) | 18.32% |
| Small (<$2B) | 38.58% |
| Not Classified | 10.90% |
| Industry Weighting | |
| Uranium & Related Equities† | 85.71% |
| Physical Uranium †† | 14.29% |
†Reflects equities classified by the Bloomberg Industry Classification System(BICS) as uranium; solid waste collection & treatment; nickel, lead & zinc; base metals; mineral & precious stone mining; metals, ore wholesalers & traders.
†† Includes holdings focused on the physical ownership of uranium: Sprott Physical Uranium Trust and Yellow Cake PLC.
Company Domicile Breakdown
As of 11/30/2024
Holdings
As of 12/19/2024
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Cameco Corp. | $280,493,211.57 | CCJ | 2158684 | 5,301,327 | 18.85% |
| NAC Kazatomprom JSC | $217,647,609.90 | KAP LI | BGXQL36 | 5,742,681 | 14.62% |
| Sprott Physical Uranium Trust | $166,004,264.58 | U-U CN | BNZKG52 | 10,197,253 | 11.15% |
| Uranium Energy Corp. | $98,435,878.68 | UEC | B0VLLY2 | 13,195,158 | 6.61% |
| Denison Mines Corp. | $84,578,969.58 | DNN | B0122F3 | 43,597,407 | 5.68% |
| NexGen Energy Ltd. | $82,031,207.56 | NXE | BCH0BB4 | 11,752,322 | 5.51% |
| CGN Mining Co. Ltd. | $80,391,578.65 | 1164 HK | B755514 | 380,845,300 | 5.40% |
| Energy Fuels Inc. | $57,186,318.44 | UUUU | BFV4XW8 | 10,570,484 | 3.84% |
| Paladin Energy Ltd. | $53,178,525.83 | PDN AU | 6668468 | 10,909,292 | 3.57% |
| Yellow Cake PLC | $50,361,290.01 | YCA LN | BF50RG4 | 8,315,331 | 3.38% |
| Deep Yellow Ltd. | $40,833,777.70 | DYL AU | 6480275 | 62,012,381 | 2.74% |
| Encore Energy Corp. | $39,467,782.73 | EU CN | BN48958 | 11,664,067 | 2.65% |
| Boss Energy Ltd. | $37,387,866.84 | BOE AU | B1XLCQ6 | 26,388,587 | 2.51% |
| Fission Uranium Corp. | $29,185,322.24 | FCU CN | B94QMQ6 | 55,269,704 | 1.96% |
| Ur-Energy Inc. | $26,587,250.20 | URG | B0WW4L2 | 23,528,540 | 1.79% |
| IsoEnergy Ltd. | $20,413,689.77 | ISO CN | BD5FYX1 | 11,300,155 | 1.37% |
| Bannerman Energy Ltd. | $18,990,805.98 | BMN AU | B07DXJ1 | 11,311,037 | 1.28% |
| Lotus Resources Ltd. | $13,267,466.91 | LOT AU | BK6XLC1 | 118,093,723 | 0.89% |
| Uranium Royalty Corp. | $9,782,559.00 | URC CN | BKMD921 | 4,662,102 | 0.66% |
| Global Atomic Corp. | $7,807,053.14 | GLO CN | BF11BK3 | 14,592,599 | 0.52% |
| Atha Energy Corp. | $6,942,362.70 | SASK CN | BNQNDF9 | 17,842,492 | 0.47% |
| Peninsula Energy Ltd. | $6,913,325.11 | PEN AU | 6486381 | 9,758,935 | 0.46% |
| Laramide Resources Ltd. | $6,568,812.60 | LAM CN | 2507952 | 16,024,006 | 0.44% |
| Anfield Energy Inc. | $5,659,994.00 | AEC CN | BF11BH0 | 98,741,168 | 0.38% |
| Berkeley Energia Ltd. | $5,415,461.95 | BKY LN | B1KZDW4 | 28,495,662 | 0.36% |
| CanAlaska Uranium Ltd. | $5,099,484.66 | CVV CN | BR1YTV3 | 10,337,230 | 0.34% |
| Mega Uranium Ltd. | $5,027,823.44 | MGA CN | 2817833 | 23,725,557 | 0.34% |
| Alligator Energy Ltd. | $4,975,216.15 | AGE AU | B55ZH25 | 241,551,267 | 0.33% |
| Forsys Metals Corp. | $4,888,907.58 | FSY CN | 2597801 | 12,564,929 | 0.33% |
| F3 Uranium Corp. | $4,903,289.33 | FUU CN | BMW5VG9 | 30,030,039 | 0.33% |
| Aura Energy Ltd. | $4,656,082.21 | AEE AU | B14Z2S9 | 53,284,870 | 0.31% |
| GoviEx Uranium Inc. | $3,387,836.37 | GXU CN | BNGCT03 | 97,518,870 | 0.23% |
| Skyharbour Resources Ltd. | $3,399,406.75 | SYH CN | BDFGHL3 | 15,289,363 | 0.23% |
| Elevate Uranium Ltd. | $2,891,628.36 | EL8 AU | BM8ZH21 | 19,303,788 | 0.19% |
| Premier American Uranium Inc. | $2,792,424.18 | PUR CN | BPG4WM6 | 2,679,331 | 0.19% |
| Western Uranium & Vanadium Corp. | $2,556,122.65 | WUC CN | BF39VJ4 | 3,832,187 | 0.17% |
| F4 Uranium Corp. | $0.17 | 2389266D | 2389266 | 2,532,806 | 0.00% |
| Cash Equivalent | $-1,906,303.75 | $-1,906,303.75 | -0.08% |
37 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 |
|---|---|---|---|---|---|---|
12/28/2020 |
12/29/2020 |
12/31/2020 |
- |
- |
$1.10 |
$1.10 |
12/28/2021 |
12/29/2021 |
12/31/2021 |
- |
- |
$4.82 |
$4.82 |
12/15/2022 |
12/16/2022 |
12/22/2022 |
- |
- |
- |
- |
12/14/2023 |
12/15/2023 |
12/21/2023 |
- |
- |
$1.75 |
$1.75 |
12/12/2024 |
12/12/2024 |
12/19/2024 |
- |
- |
$1.28 |
$1.28 |
Literature
Fact Sheet and Profile
Quarterly Investor Presentation
Index Rebalance
White Paper
FAQs
Commentary
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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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