NLR ETF — Holdings & Analysis

The VanEck Uranium and Nuclear ETF (NLR) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MVIS Global Uranium & Nuclear Energy Index (MVNLRTR). This index tracks the overall performance of companies involved in uranium mining, the construction, engineering, and maintenance of nuclear power facilities and nuclear reactors, the production of electricity from nuclear sources, or providing equipment, technology, and/or services to the nuclear power industry. As of 2026-03-15, NLR has $4.67 billion in assets under management and holds 28 companies.

The expense ratio for the VanEck Uranium and Nuclear ETF (NLR) is 0.56%. This means that for every $10,000 invested in the fund, $56 is used to cover the fund's operating expenses annually. While this provides targeted exposure to the nuclear energy sector, the expense ratio is higher than some broad market equity ETFs, which can have expense ratios below 0.10%. this may be worth researching cost when evaluating NLR's potential returns.

As of 2026-03-15, the top holdings in the VanEck Uranium and Nuclear ETF (NLR) are: Cameco Corp (CCO.TO) at 8.87%, Constellation Energy Corp (CEG) at 6.20%, Denison Mines Corp (DML.TO) at 6.10%, BWX Technologies Inc (BWXT) at 5.54%, and NexGen Energy Ltd (NXE.TO) at 5.42%. These holdings represent a significant portion of the fund's total assets, reflecting the fund's concentrated investment strategy within the nuclear energy sector. The fund's performance is significantly influenced by the performance of these top holdings.

Whether NLR is a suitable long-term investment depends on an investor's individual circumstances and outlook on the nuclear energy sector. NLR provides targeted exposure to companies involved in uranium mining and nuclear power, which may appeal to investors who believe in the long-term growth potential of nuclear energy. However, the fund's concentrated sector exposure and higher beta of 1.21 also introduce risks. Investors should carefully consider their risk tolerance, investment goals, and the fund's expense ratio of 0.56% before investing. Past performance does not guarantee future results.

NLR distinguishes itself through its focused approach on the nuclear energy sector, encompassing uranium mining, nuclear facility construction, and power generation. While other energy ETFs may offer broader exposure to the energy market, NLR provides targeted access to the nuclear value chain. With AUM of $4.67 billion, NLR is a relatively large fund in this niche sector. The expense ratio of 0.56% may be higher than some broader energy ETFs, but it is typical for specialized sector funds. Investors should compare NLR's holdings and strategy to those of other energy ETFs to determine which fund best aligns with their investment objectives.

As of 2026-03-15, the VanEck Uranium and Nuclear ETF (NLR) has a dividend yield of 0.00%. This indicates that the fund currently does not distribute any dividends to its shareholders. Investors seeking income from their investments may want to consider other ETFs with a higher dividend yield. However, NLR's primary focus is on capital appreciation through the growth of companies in the uranium and nuclear energy sectors.