NLR is a Factor & Specialty ETF from VanEck holding 25 positions as of Mar 31, 2026, with $4.0B in assets and a 0.52% net expense ratio. Its largest positions are CCJ (8.0%), CEG (7.9%) and BWXT (6.7%); the top 10 holdings account for 57.9% of the portfolio. By sector it leans Energy (43.6%) and Utilities (37.9%). It yields 2.69% on a trailing-12-month basis.
- Issuer
- VanEck
- Holdings
- 254.1% cash, collateral & derivative positions excluded
- Net Assets
- $4.0BETF assets as of 2026-08-10
- Expense Ratio
- 0.52%per latest SEC prospectus filing
- TTM Yield
- 2.69%trailing 12-month distributions
Performance
- 1M
- +6.4%
- YTD
- -5.1%
- 1Y
- +1.2%
- 3Y (ann.)
- +27.4%
- 5Y (ann.)
- +20.4%
- 10Y (ann.)
- +12.2%
A $10,000 investment 10 years ago would be worth $31,702 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Energy | 43.6% |
|---|---|
| Utilities | 37.9% |
| Industrials | 14.6% |
| Other Sectors | 0.0% |
| Unclassified | 3.7% |
We could not classify 4% of portfolio weight. It is shown separately as “Unclassified”, not lumped into a sector.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  CCJCameco Corp | 7.97% |
| 2 |  CEGConstellation Energy Corp | 7.90% |
| 3 |  BWXTBWX Technologies Inc | 6.66% |
| 4 |  PEGPublic Service Enterprise Group Inc | 6.10% |
| 5 |  PCGPG&E Corp | 5.58% |
| 6 |  FORTUMFortum Oyj | 5.25% |
| 7 |  94CCGN Power Co Ltd | 4.84% |
| 8 | NAC Kazatomprom JSC | 4.58% |
| 9 |  UECUranium Energy Corp | 4.55% |
| 10 |  CEZCEZ AS | 4.43% |
| 11 |  NXENexGen Energy Ltd | 4.37% |
| 12 |  UUUUEnergy Fuels Inc/Canada | 4.35% |
| 13 |  PDNPaladin Energy Ltd | 4.24% |
| 14 |  DNNDenison Mines Corp | 4.20% |
| 15 |  OKLOOklo Inc | 3.78% |
| 16 |  SMRNuScale Power Corp | 3.72% |
| 17 |  LEUCentrus Energy Corp | 3.60% |
| 18 |  0LZYellow Cake PLC | 2.90% |
| 19 | CGN Mining Co Ltd | 2.85% |
| 20 |  052690KEPCO Engineering & Construction Co Inc | 2.84% |
| 21 | Silex Systems Ltd | 1.39% |
| 22 |  NNENANO Nuclear Energy Inc | 1.35% |
| 23 |  DYLDeep Yellow Ltd | 1.30% |
| 24 | IsoEnergy Ltd | 0.54% |
| 25 |  EUEncore Energy Corp | 0.43% |
NLR alternatives
The closest Factor & Specialty ETFs to NLR by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 URAGlobal X Uranium ETF | 48% | 0.69%pricier | $5.9B | Compare → |
 IFRAiShares U.S. Infrastructure ETF | 5% | 0.3%cheaper | $4.6B | Compare → |
 SPLVInvesco S&P 500 Low Volatility ETF | 1% | 0.25%cheaper | $7.2B | Compare → |
 SPHQInvesco S&P 500 Quality ETF | 1% | 0.15%cheaper | $20.0B | Compare → |
 QUALiShares MSCI USA Quality Factor ETF | 1% | 0.15%cheaper | $47.8B | Compare → |
 IMTMiShares MSCI Intl Momentum Factor ETF | 1% | 0.3%cheaper | $4.2B | Compare → |
 VLUEiShares MSCI USA Value Factor ETF | 1% | 0.15%cheaper | $9.5B | Compare → |
 KOMPState Street® SPDR® S&P Kensho New Economies Composite ETF | 0% | 0.2%cheaper | $2.6B | Compare → |
Frequently Asked Questions
What is NLR's expense ratio?
NLR has a net expense ratio of 0.52%, per its latest SEC prospectus filing. That works out to about $52 a year on a $10,000 investment.
How many holdings does NLR have?
NLR held 25 positions as of Mar 31, 2026, per its latest official holdings data. Cash, collateral and derivative positions (4.1% of portfolio weight) are excluded from that count.
What are NLR's top 10 holdings?
NLR's largest positions are CCJ (8.0%), CEG (7.9%), BWXT (6.7%), PEG (6.1%), PCG (5.6%), FORTUM (5.3%), 94C (4.8%), NAC Kazatomprom JSC (4.6%), UEC (4.5%), CEZ (4.4%). Together they account for 57.9% of the portfolio.
What is NLR's dividend yield?
NLR yields 2.69% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is NLR?
NLR has $4.0B in assets as of Aug 10, 2026.
What are good alternatives to NLR?
By portfolio overlap, the closest Factor & Specialty ETFs to NLR are URA (48% overlap), IFRA (5% overlap), SPLV (1% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.