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Security Profile
- Security Type
- Index ETF
- CUSIP
- 57061R577 (prev. 57060U704 )
- Market Cap
- Micro Cap · $74 Million
- IPO
- 8/13/2007
- Previous Name
- Market Vectors Uranium+Nuclear Energy ETF
Fund Description: VanEck Vectors Uranium+Nuclear Energy ETF, formerly Market Vectors Uranium+Nuclear Energy ETF, formerly the Market Vectors - Nuclear Energy ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the VanEck Vectors ETF Trust, an open-end investment management company.. INVESTMENT OBJECTIVE: The VanEck Vectors Uranium+Nuclear Energy ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Global Uranium and Nuclear Energy Index, formerly the DAXglobal Nuclear Energy Index. INDEX DESCRIPTION: The Market Vectors Global Uranium and Nuclear Energy Index is comprised of equity securities and depositary receipts issued by companies involved in uranium and nuclear energy and includes companies that generate at least 50% of their revenues from (or, in certain circumstances, have at least 50% of their assets related to): (i) uranium mining or uranium mining projects that have the potential, in Market Vectors Index Solutions GmbH’s (the Index Provider) view, when such projects are developed to generate at least 50% of a company’s revenues or to constitute at least 50% of such company’s assets; (ii) the construction, engineering and maintenance of nuclear power facilities and nuclear reactors; (iii) the production of electricity from nuclear sources; or (iv) providing equipment, technology and/or services to the nuclear power industry. Such companies may include small- and medium-capitalization companies and foreign issuers. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in equity securities of U.S. and foreign companies primarily engaged in various aspects of the nuclear energy business. Such companies may include small- and medium capitalization companies. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicate the Index. The Fund will hold all of the securities which comprise the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of those securities in these weightings. In these circumstances, the Fund may purchase a sample of securities in the Index. There also may be instances in which the Adviser may choose to overweight another security in the Index, purchase securities not in the Index which are appropriate to substitute for certain securities in the Index or utilize various combinations of other available investment techniques in seeking to replicate as closely as possible the price and yield performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index. The Fund will normally invest at least 95% of its total assets in securities that comprise the Index. FUND MANAGEMENT: Van Eck Associates Corporation is the investment adviser to the Fund.
Notes: 6/21/2013 Market Vectors ETF Trust announced today that its Board of Trustees has approved reverse share splits of seven ETFs. The effective date of the split will be at market open on July 1, 2013. The Funds will continue to trade on the NYSE Arca under their current ticker symbols, but their current CUSIP numbers will be discontinued and the Funds’ new CUSIP numbers will be as follows, effective July 1, 2013.
Market Vectors Global Alternative Energy ETF GEX 57060U407 57061R593 1-for-3
Market Vectors Russia Small-Cap ETF RSXJ 57060U399 57061R585 1-for-3
Market Vectors Uranium+Nuclear Energy ETF NLR 57060U704 57061R577 1-for-3
Market Vectors Egypt Index ETF EGPT 57060U548 57061R569 1-for-4
Market Vectors India Small-Cap Index ETF SCIF 57060U563 57061R551 1-for-4
Market Vectors Junior Gold Miners ETF GDXJ 57060U589 57061R544 1-for-4
Market Vectors Rare Earth/Strategic Metals ETF REMX 57060U472 57061R536 1-for-4
Company Contact
- Headquarters
- 666 Third Avenue, New York, NY 10017
- Phone
- 212-293-2000 · Toll-Free 800-826-2333
- Investor Relations
- 800-826-2333