Sprott Uranium Miners ETF
Data updated: 2026-08-20
C000233863 — Sprott Uranium Miners ETF. Developed ex-US Mid Cap Blend / Core Equity · $1.90B AUM. Holdings, fees, performance and SEC filings.
C000233863 Fund Overview
Sprott Uranium Miners ETF is a US ETF managed by Sprott Funds Trust, categorised as Developed ex-US Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Sprott Funds Trust
- Category: Developed ex-US Mid Cap Blend / Core Equity
- Assets under management: $1.90B
- 1-year return: 13.1%
- SEC CIK: 0001728683
- SEC series ID: S000075060
- Share class ID: C000233863
C000233863 Investment Objective and Strategy
Sprott Uranium Miners ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sprott Funds Trust.
Investment objective
The Sprott Uranium Miners ETF (the Fund or URNM) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the VettaFi Global Uranium Mining Index (the Index).
Principal investment strategy
The Fund will, under normal circumstances, invest at least 80% of its total assets in securities of the Index. The Index is designed to track the performance of companies that devote at least 50% of their assets to (i) mining, exploration, development, and production of uranium (Uranium Mining Companies); and/or (ii) holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry, including, but not limited to, infrastructure and labor costs (together with Uranium Mining Companies, Uranium Companies). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Uranium Mining Companies. The universe of eligible components of the Index include exchange-listed equity securities of companies that have or expect to have a significant portion of their business operations related to uranium.
Such companies are identified through the use of a proprietary selection methodology that includes a review of industry publications, sell side research, and fundamental research, as well as meetings with management. Companies in this eligible universe are included in the Index subject to the following restrictions: ? All securities must have a company level minimum free-float market capitalization of $125 million to become components of the Index and must maintain a minimum free-float market capitalization of $100 million to remain in the Index. ? New index constituents must have an Average Daily Traded Value of at least USD $100,000, while existing index constituents must have an Average Daily Traded Value of at least USD $75,000 over the preceding 3-month period. ? The Index targets to have at a minimum 25 constituents.
If less than 25 securities meet all of the eligibility criteria at a reconstitution, additional securities will be added as constituents to the Index by reducing the free-float market capitalization threshold until the Index has 25 constituents. All other eligibility criteria must still be satisfied. ? An aggregate weight of 82.5% of the Index is assigned to miners, explorers, developers and producers of uranium. An aggregate weight of 17.5% of the Index is assigned to companies that hold physical uranium, uranium royalties, or other non-mining assets. ? The components within each of these buckets are free float market cap weighted. ? A single security weight cap of 20% is applied. ? No more than five issuers will have a weight greater than 4.70% of the Index and the aggregate weight of all the components with a weight greater than 5% is capped at 50%.
? If multiple share classes exist for a company, the following preference order is followed: ? If the company is already included in the Index, the existing share class is retained. ? If the company is not already included in the Index and an American Depositary Receipt (ADR) representing the companys stock is available, such ADR will be given preference over all other share classes. ? In all other cases, the most liquid share class is considered for inclusion in the portfolio. In seeking to track the performance of the Index, the Fund may invest in publicly traded closed-ended trusts in the Index, including trusts created to invest and hold substantially all of their assets in physical uranium, such as the Sprott Physical Uranium Trust, which is managed by Sprott Asset Management LP, an affiliate of the Adviser.
The Adviser and the Fund have adopted policies and procedures designed to prevent conflicts of interest from influencing decisions related to the Sprott Physical Uranium Trust. See Investments in Affiliated Funds. The Index consists of securities of both U.S. and foreign issuers, including securities of issuers located in emerging and frontier market countries. Emerging market countries are those that are experiencing significant economic growth and possess some, but not all, of the characteristics of a developed country. Frontier markets are countries that are more established than the least developed countries but still less established than the emerging markets. The Index is reconstituted on a semi-annual basis in June and December. The Funds new portfolio seeking to track the Index becomes effective at the close of the third Friday of June and December of each year (each an Effective Date).
The index provider generally commences the index creation process on the close of the nearest Friday falling at least one month before the Effective Date (called the Selection Date). Deletions from the Index may be made at any time due to changes in business, mergers, acquisitions, bankruptcies, suspensions, de-listings and spin-offs. The Index is unmanaged and cannot be invested in directly. The Index is rebalanced quarterly. Two of the quarterly rebalances of the Index coincide with the June and December reconstitutions discussed herein. The other two quarterly rebalances of the Index become effective at the close of the third Friday of March and September of each year. Index weights are calculated ten days prior to the Effective Date. The Fund employs a passive management investment strategy in seeking to achieve its investment objective.
The Adviser and sub-adviser, ALPS Advisors, Inc. (the Sub-Adviser), generally will use a replication methodology, meaning they will invest in all of the securities comprising the Index in proportion to the weightings in the Index. However, the Adviser and Sub-Adviser may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. The Adviser expects that over time, if the Fund has sufficient assets, the correlation between the Funds performance, before fees and expenses, and that of the Index will be 95% or better. A figure of 100% would indicate perfect correlation. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.
The Fund may invest up to 20% of its assets in investments that are not included in the Index, but that the Adviser and Sub-Adviser believe will help the Fund track the performance of the Index. The Fund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries. As of December 31, 2025, the Index was concentrated in the Oil, Gas, and Consumable Fuels Industry. In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. As dictated by its methodology, a high percentage of the Index consists of companies in the Energy Sector.
The index provider is VettaFi, LLC (VettaFi), which is not affiliated with the Fund, the Adviser or Sub-Adviser, implements the methodology for determining the securities to be included in the Index and is responsible for the ongoing maintenance of the Index. The Index is calculated by VettaFi, which is not affiliated with the Fund, the Adviser or Sub-Adviser. The Fund may engage in securities lending.
C000233863 Holdings
Top 10 holdings of Sprott Uranium Miners ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Cameco Corp | 17.17% |
| Sprott Physical Uranium Trust | 13.23% |
| Nexgen Energy Ltd | 11.35% |
| Energy Fuels Inc/canada | 4.88% |
| Denison Mines Corp | 4.85% |
| Nac Kazatomprom Jsc | 4.85% |
| Deep Yellow Ltd | 4.38% |
| Uranium Energy Corp | 4.26% |
| Paladin Energy Ltd | 4.16% |
| Cgn Mining Co Ltd | 4.04% |
C000233863 Portfolio Allocation
Asset-class allocation of Sprott Uranium Miners ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.6% |
| Cash & Equivalents | 0.2% |
C000233863 Performance
Total returns for C000233863 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -4.6% |
| 1 year | 13.1% |
| 3 years (annualised) | 19.8% |
C000233863 Risk Information
Risk metrics for C000233863, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 55.4%
C000233863 Costs and Fees
C000233863 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
- Portfolio turnover: 35%
- Brokerage commissions: 4.71 bps of average net assets (SEC N-CEN)
C000233863 Cashflows
Over the 12 months to 2026-06, Sprott Uranium Miners ETF had net inflows of $89.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $13.82M |
| 2026-05 | −$1.14M |
| 2026-04 | $105.18M |
| 2026-03 | −$27.90M |
| 2026-02 | $82.66M |
| 2026-01 | $142.06M |
C000233863 Debt Constituents
No individual debt constituents are reported in Sprott Uranium Miners ETF's latest SEC N-PORT filing.
C000233863 Prospectus and SEC Filings
Official Sprott Uranium Miners ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus supplement (497) — filed 2025-10-16
- Portfolio holdings (N-PORT) — filed 2026-08-20
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2025-03-17
- Annual census (N-CEN) — filed 2024-03-13
- Portfolio holdings, amended (N-PORT/A) — filed 2026-06-02
Related Funds
Other Developed ex-US Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.