URNM ISSUER
The Sprott Uranium Miners ETF (URNM) is managed by Sprott Asset Management USA Inc. Established with the aim of providing investors exposure to companies involved in the uranium industry, URNM invests at least 80% of its total assets in securities of the Index, which includes firms engaged in uranium mining, exploration, development, and production, as well as those holding physical uranium and uranium royalties. The ETF adopts a passive management investment strategy, primarily replicating the Index composition and may use a sampling methodology under certain circumstances. It is worth noting that URNM may concentrate its investments in a particular industry, and the Index is maintained by North Shore Indices, Inc., and calculated by Indxx, LLC, both independent of the Fund and its issuer.
URNM DIVIDEND
The Sprott Uranium Miners ETF (URNM) focuses on investing at least 80% of its total assets in securities of Uranium Mining Companies. These companies are involved in mining, exploration, development, and production of uranium or hold physical uranium and uranium royalties. The dividend distribution of URNM is influenced by the performance and dividend policies of these constituent companies. It's important to note that URNM primarily seeks to track the performance of the index, and while dividends may be a component, the fund's main objective is to provide exposure to uranium-related companies.
URNM TRACKING
Uranium, the rare and vital energy source, is the primary focus of the North Shore Global Uranium Mining ETF (URNM). The ETF diligently tracks the performance of the Sprott® Global Uranium Index, composed of companies involved in various stages of the uranium mining process. URNM's commitment to tracking this specialized index provides investors with a unique avenue to participate in the uranium sector, offering insights into the performance of global companies engaged in the production and exploration of this critical energy resource.
URNM CORRELATION
The correlation aspect of the Sprott Uranium Miners ETF (URNM) is critical for investors looking to understand its performance in relation to the uranium mining industry. URNM primarily invests in companies involved in uranium mining, exploration, development, and production, as well as those holding physical uranium and uranium royalties. Due to its focus on the uranium sector, URNM's correlation with uranium prices and the broader energy sector is expected to be significant. This correlation data is valuable for investors seeking to gauge the ETF's sensitivity to uranium market fluctuations and its potential as a strategic investment within the energy sector.
URNM SECTOR
The Sprott Uranium Miners ETF (URNM) primarily invests in companies that are actively involved in the uranium sector. These companies are engaged in various aspects of the uranium industry, including mining, exploration, development, production, and holding physical uranium. URNM provides investors with exposure to both Uranium Mining Companies and those that support the uranium mining industry, such as infrastructure and labor-related businesses. As of December 31, 2022, the ETF was concentrated in the Oil, Gas, and Consumable Fuels Industry, reflecting the significance of the energy sector within the uranium industry. URNM's investment strategy is passive, aiming to replicate the performance of its index, which is reconstituted semi-annually and includes securities from both U.S. and foreign issuers, including those in emerging market countries.
URNM EXPOSURE
The exposure characteristic of the Sprott Uranium Miners ETF (URNM) primarily focuses on companies involved in the uranium mining industry. URNM aims to track the performance of companies that allocate at least 50% of their assets to uranium mining activities or holding physical uranium. This ETF provides investors with a targeted approach to gain exposure to the uranium sector, including both mining and non-mining aspects, offering a unique investment opportunity in a niche industry.