URA ETF

What are you actually investing in?

When you invest in URA, you are investing in shares of companies across the entire nuclear energy value chain – from uranium mining to reactor construction and component manufacturing.

URA's returns are generated through:

• increases or decreases in the market value of company shares in the portfolio; 
• dividends paid by companies (distributed twice a year).

The investment is directly linked to the business performance of companies in the uranium and nuclear sector. Key drivers of returns include the global uranium price, the pace of new reactor construction, and growth in electricity demand.

Fund composition

URA's portfolio includes 55 companies spanning the entire nuclear energy value chain:

• Major uranium miners – companies with active mines and stable production.  
  Cameco (23.21%), Kazatomprom (5.07%), Uranium Energy (5.97%)
• Nuclear tech and small modular reactors – companies developing next-generation reactors (SMR) and nuclear technologies.  
  Oklo (6.14%), NuScale Power (1.67%), Centrus Energy (3.23%)
• Uranium developers – companies at the stage of developing new deposits.  
  NexGen Energy (6.51%), Denison Mines (2.96%), Paladin Energy (3.37%), Energy Fuels (4.08%)
• Physical uranium – funds holding uranium as a physical asset.  
  Sprott Physical Uranium Trust (4.57%)
• Engineering and infrastructure – construction and engineering companies working in the nuclear sector.  
  Hyundai E&C (3.31%), Doosan Enerbility (2.45%)

The fund's composition is reviewed in accordance with Solactive's index methodology.

How the structure works

URA uses a standard ETF structure:

• company shares are held within the fund's custodial infrastructure through licensed custodians; 
• the fund's structure is fully transparent and disclosed daily; 
• the fund is overseen by US regulators and auditors.

The fund's AUM stands at approximately $6.45 billion. As an index fund, URA follows the composition and weightings of the Solactive Global Uranium & Nuclear Components Total Return Index.

Fees and distributions

Investor returns are generated through changes in the fund's market value. You purchase a share of URA at the current price and realise it upon exit.

• Total Expense Ratio (TER): 0.69% per year; 
• Dividends are distributed twice a year (current dividend yield approximately 0.37%).

When purchasing URA through the Regolith platform, an entry fee of 2% of the transaction amount applies. Performance fee: 0%.

The role of URA in an investment portfolio

URA serves as a tool for participating in the growth of the uranium and nuclear energy sector. The fund can be used for the following purposes:

• Exposure to the energy transition – nuclear energy is recognised as an essential component of the transition to a carbon-free economy. Dozens of countries have announced plans to build new nuclear power plants. 
• AI and data centers – according to the US Energy Information Administration (EIA), US electricity consumption will hit a record in 2026, largely driven by AI data centers. Nuclear energy is one of the few sources capable of providing stable baseload power. 
• Uranium deficit – uranium demand is outpacing supply. Mining covers only approximately 75% of reactor needs, with the remainder coming from secondary sources that are being depleted. 
• Value chain diversification – 55 companies from different segments of the nuclear industry: from uranium mining to small modular reactor (SMR) development and nuclear plant infrastructure. 
• Alternative to individual stocks – instead of betting on a single company, the investor gains a basket of the sector's leading players.

Nuclear energy and uranium: current context

The nuclear energy sector is experiencing a renaissance. In 2025, URA delivered a return of +67% against the backdrop of rising uranium prices and a wave of decisions to build new reactors. The fund's 5-year CAGR stands at +32.5% – one of the strongest among commodity ETFs.

Fundamental drivers are accelerating. Microsoft, Google and Amazon are signing long-term contracts for nuclear power supply to their data centers. Previously shut down reactors have been restarted in the United States. Congress has passed legislation in support of nuclear energy. China is building more reactors than any other country.

According to Seeking Alpha (March 2026), the uranium bull market "still has fuel" – the structural deficit persists and new mines cannot reach full capacity fast enough.

For investors with a long-term horizon, the nuclear theme remains one of the most fundamentally supported in the commodities sector.

Risks

Investing in URA involves a number of factors typical of the nuclear and uranium industry:

• Volatility – URA has a high beta (approximately 1.40), meaning significant swings both up and down relative to the broader market. 
• Uranium price dependency – a decline in the spot uranium price directly impacts miners' revenues and the share prices of companies in the portfolio. 
• Regulatory risks – the nuclear industry is heavily regulated. Accidents, changes in energy policy or decisions to phase out nuclear power in individual countries could affect the entire sector. 
• Concentration – Cameco accounts for approximately 23% of the fund, creating dependency on a single company. 
• Growth-stage companies – many companies in the portfolio (Oklo, NuScale, NexGen) are at the development stage and do not generate stable profits. Their valuations are based on expectations of future results.
• Long cycle – building nuclear power plants takes years, and bringing new mines to full capacity requires substantial investment and time.

As an equity instrument, the fund is subject to market fluctuations and does not guarantee positive returns. Investors may lose some or all of their investment.

Instrument parameters

• Ticker: URA  
• Type: Uranium and nuclear energy ETF  
• Exchange: NYSE Arca  
• Management type: Passive (index-tracking)  
• Index: Solactive Global Uranium & Nuclear Components Total Return Index  
• Number of companies: 55  
• AUM: approximately $6.45 billion  
• Expense Ratio: 0.69%  
• Beta: approximately 1.40  
• ISIN: US37954Y8710

Investor returns are generated through changes in the fund's market value.

Deposit and withdrawal terms on Regolith

URA purchases are processed on a rolling basis without a fixed date. Trades are executed 1–3 times per week.

• Minimum investment period: 1 week  
• Minimum amount: $50  
• Entry fee: 2%  
• Performance fee: 0%

Withdrawals are processed according to the platform's standard procedure following the completion of the minimum investment period.