VanEck Vectors Uranium Nuclear Energy ETF (NLR US) – Portfolio Construction Methodology

The underlying MVIS Global Uranium & Nuclear Energy Index delivers global exposure to companies deriving ≥50% of revenues from uranium mining, nuclear-power generation, reactor construction/engineering, or specialized nuclear equipment and services (with continuity buffers for existing members). Eligible stocks must have full market cap ≥ USD 150m, free float, three consecutive quarterly checks with 3-month ADTV ≥ USD 1m, and ≥250,000 shares traded per month over the last six months. Selection targets at least 25 constituents and broad industry coverage using free-float market-cap ranking. Constituents are weighted by free-float market cap subject to a strict 8% single-company cap; excess is redistributed pro rata. Reviews occur quarterly to refresh membership and reset caps, keeping liquidity and capacity central while preventing name concentration.

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