ETF #scorecard: Market Vectors Uranium & Nuclear Energy ETF (NLR: nyse)

Summary

NLR invests in the stocks of approximately 20 companies that specialize in mining, processing, storing, transporting, and utilizing Uranium as a source of energy.  The stock returns are driven by the price of electricity, the competitive price of natural gas, and the social demand to curtail carbon dioxide emissions.  Returns are diminished by nuclear facility accidents, safety concerns, and  issues concerning storage of nuclear waste.

Snapshot

Scorecard

Comments

The fund distributes an annual dividend in December.  Management lends a portion of its underlying assets; in December, 2011, 11% of the portfolio’s assets were comprised of collateral held in exchange for underlying assets.  The annual yield is appealing, but undependable.

Scorecard appraisal and  scorecard App provide background information.

Copyright © 2012 Douglas R. Knight 

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