Key Highlights

  • The fund holds 40 uranium-related companies, with the top ten at 74.27%.
  • Energy holds 95.46% of the portfolio, and Kazakhstan 17.80%.
  • The management fee is 0.69%, and the fund reports a standard deviation of 48.93.
  • The July 2026 distribution of $0.217 is higher than each of the four earlier half-yearly amounts.

Betashares Global Uranium ETF (ASX:URNM) aims to provide an investment return that tracks the Indxx North Shore Uranium Mining Index, before fees and expenses. The index tracks companies involved in the mining, exploration, development and production of uranium, and those that hold physical uranium, uranium royalties or other non-mining assets. The fund was admitted to the ASX on 10 June 2022 and last traded at $8.66 on 13 October 2026.

Detail

Information

Ticker

ASX:URNM

Fund

Betashares Global Uranium ETF

Category

Equity Global Resources

Benchmark

Indxx North Shore Uranium Mining NR USD

Fund size

$309.37 million

Management fee

0.69%

Total holdings

40

ASX admission date

10 June 2022

Holdings

The ten largest positions represent 74.27% of the fund. National Atomic Company Kazatomprom leads at 15.39%, followed by Cameco (14.27%) and the Sprott Physical Uranium Trust (13.53%). Paladin Energy holds 5.26%, Denison Mines 4.61%, NexGen Energy 4.42%, Uranium Energy 4.41% and Deep Yellow 4.40%.

Yellow Cake holds 4.07% and Energy Fuels 3.85%. Companies below $500 million in market capitalisation represent 25.64%, against 2.82% for the category.

Sector and country exposure

Energy holds 95.46% of the fund, against 8.10% for the category, and Basic Materials 4.54%, against 89.93%. Canada accounts for 37.24%, below the 49.12% category figure. Australia holds 21.37%, Kazakhstan 17.80%, the United States 15.12%, the United Kingdom 4.71% and China 3.76%.

Stocks account for 100% of the fund.

Fee, risk and distributions

The management fee is 0.69% a year. The fund reports a beta of 0.85 and a standard deviation of 48.93, which indicates very wide price variation. The final distribution of $0.217 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 16 July, equal to an annual yield of 2.74%.

That is higher than the $0.027 paid in January 2026, $0.197 in July 2025, $0.041 in January 2025 and $0.183 in July 2024.

Category classification and liquidity

Morningstar places the fund in the Equity Global Resources category, which covers funds investing primarily in the equities of companies involved in the extraction or sale of resources, with at least 75% of assets in equities and at least 50% of equity assets in non-Australian resource companies.

Liquidity indicators add a further view. There are 34,760,311 units on issue, and average daily trading volume is 166,779 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 153,700 to 412,000 units, with 230,639 recorded on 13 October while the market was still open. The bid-offer range stood at $8.67 to $8.70, and the day range at $8.66 to $8.86. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged the Units on Issue Disclosure for September 2026 on 6 October and the Annual Report on 25 September. A Supplementary Product Disclosure Statement followed on 27 August, and disclosures for August and July on 4 September and 6 August.

Closing Perspective

URNM is a single-commodity theme in which three holdings make up over 43% of assets and one-quarter of the portfolio sits in companies below $500 million. The 0.69% fee and 48.93 standard deviation describe its profile. These facts do not forecast outcomes.