Uranium miners
Mining companies that dig up uranium for nuclear power plants: Cameco, Kazatomprom, NexGen Energy. Pure commodity-cycle exposure: prices and stocks have surged as nuclear power gets back into political favour. Tiny industry, big swings.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Nuclear renaissance theme: politically back in favour
- Small industry, big upside if uranium price keeps rising
- Reinvests dividends automatically
- Extremely volatile: can drop 40%+ in months
- Tiny sector: few companies, lots of concentration
- Higher fee (0.85%) than broad-market funds
About this fund
Cameco, Kazatomprom, NexGen - the upstream of the nuclear fuel cycle. Highly cyclical (commodity price driven) and concentrated.
Available on Interactive Brokers
Low-cost access to Uranium miners and 10,000+ funds worldwide.
Frequently asked questions
Is URNM.L accumulating or distributing?
Sprott Uranium Miners UCITS ETF (URNM.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for URNM.L?
URNM.L has a total expense ratio (TER) of 0.85% per year. On a $10,000 holding that is roughly $85 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy URNM.L on Interactive Brokers?
Yes. URNM.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does URNM.L invest in?
Sprott Uranium Miners UCITS ETF (URNM.L) tracks the North Shore Global Uranium Mining. Mining companies that dig up uranium for nuclear power plants: Cameco, Kazatomprom, NexGen Energy. You buy one fund and get the whole basket in a single trade.
Is URNM.L a UCITS ETF, and where is it domiciled?
Yes, URNM.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is URNM.L?
On the TickerCompare 1 to 5 scale, URNM.L is rated higher risk (5/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.