URNJ Fees and Costs — Sprott Junior Uranium Miners ETF
Data updated: 2026-08-20
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $185K in broker commissions, 0.0619% of average net assets, and portfolio turnover was 38%.
URNJ Fees and Expenses
Annual operating expenses and sales charges of URNJ. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
URNJ Costs Over Time
On $10,000 invested in URNJ, assuming 5% a year before costs, total costs come to $541 over 5 years, cutting the return by 0.90% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.80%) | $84 | $262 | $456 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $90 | $297 | $541 |
| Value after costs | $10,410 | $11,279 | $12,222 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
URNJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0619%
- Total broker commissions: $185K
- Bought from dealers (principal trades, not a cost): $352.3M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $290.8M
- Net income from securities lending: $324K (0.108% of average net assets)
URNJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $141K | 76.28% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $37K | 19.98% |
| COWEN PRIME SERVICES LLC | $3K | 1.50% |
| MIZUHO SECURITIES USA LLC | $2K | 1.33% |
| BTIG, LLC | $2K | 0.91% |
URNJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $128.9M | 49.64% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $103.2M | 39.76% |
| UBS SECURITIES LLC | $10.4M | 3.99% |
| BOFA SECURITIES, INC. | $8.1M | 3.10% |
| JANE STREET CAPITAL, LLC | $6.6M | 2.55% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $2.3M | 0.90% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $134K | 0.05% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.