VanEck Uranium and Nuclear ETF · AMEX:NLR
VanEck Uranium and Nuclear ETF — VanEck — Investor Presentation (June 2025)
30 slides from VanEck Uranium and Nuclear ETF's investor presentation, June 2025
Slide 1: Dynamic High Income
June 2025 Model Delivery Dynamic High Income Multi-Asset. Risk-Managed. High Income.
Slide 2: Table of Contents
Table of Contents About VanEck 3 Philosophy & Process 6 Performance 17 Investment Team & Resources 20 Disclosures 25
Slide 3: Firm Overview
Varick’ Firm Overview
Slide 4: Who We Are: A Macro Perspective
Who We Are: A Macro Perspective Access the Opportunities For nearly 70 years, VanEck has sought to identify trends—economic, technological, political, and social— that shape financial markets. We consider whether these create opportunities, perhaps even new asset classes, or present potential risks
Slide 5: Who We Are: VanEck Assets Under Management
Who We Are Access the Opportunities VanEck Assets Under Management ETF Leadership $3.4B $6.0B $0.3B Over 190 ETFs and ETNs available globally $8.0B Active Management EM Equity and Debt, Natural Resources, Gold, Digital Assets $20.5B Total AUM Private Funds / Venture $69.6B $132.9B Access to crypto c
Slide 6: Philosophy and Process
Varick’ Philosophy and Process
Slide 7: Multi-Asset. Risk-Managed. High Income.
VanEck Dynamic High Income Strategy Multi-Asset. Risk-Managed. High Income. vaneck.com/subscribe VanEck Dynamic High Income Strategy Actively allocates to high yielding segments of the market Broad diversification across income-producing asset classes Multi-asset portfolio adapts to changing m
Slide 8: Overview of Adaptive Yield-Focused Process
VanEck Dynamic High Income Strategy Overview of Adaptive Yield-Focused Process vaneck.com/subscribe Identify STEP 1 unique sources of yield Among high income/dividend generating ETFs Optimize STEP 2 maximize yield per unit of risk Volatility and correlation are used to optimize and refine the exposu
Slide 9: Step 1: Identify Unique High Yielding Assets Universe
VanEck Dynamic High Income Strategy Step 1: Identify Unique High Yielding Assets Universe vaneck.com/subscribe Current 30-Day SEC Yields, as of June 30, 2025 BDCs (BIZD) Preferred Eq. (PFXF) EM Dividend Growth Eq. (DEM) Energy Eq. Income (EINC) U.S. Eq. Dividend (DURA) Real Estate Eq. (REZ) Japan Eq
Slide 10: Step 2: Optimize to Maximize Yield per Unit of Risk
VanEck Dynamic High Income Strategy Step 2: Optimize to Maximize Yield per Unit of Risk vaneck.com/subscribe Risk and Reward Optimization Target Illustration 30 25 20 Return (%) 15 Target Optimized Portfolio 10 5 0 0 5 10 15 20 25 30 Risk (Standard Deviation) Source: VanEck. As of 12/31/2023. Not in
Slide 11: Step 3: Exposures Adapt to Different Economic Regimes
VanEck Dynamic High Income Strategy Step 3: Exposures Adapt to Different Economic Regimes vaneck.com/subscribe Accelerating Inflation MLPs International High Yield Business Development Companies Preferred Stocks High Income Equities Fallen Angel Bonds HIGH Decelerating Growth Accelerating Growth INC
Slide 12: Step 3: ETF Premium/Discount Arbitrage
VanEck Dynamic High Income Strategy Step 3: ETF Premium/Discount Arbitrage vaneck.com/subscribe Strategy Takes Advantage of Market Pricing ANGL Price to NAV Discount Widened Significantly Starting in March of 2020 4 Premium/Discount (%) 2 Monitors premiums and discounts on 0 a daily basis -2 -4
Slide 13: Current Allocations
VanEck Dynamic High Income Strategy Current Allocations vaneck.com/subscribe Current Allocation, as of June 30, 2025 Adaptive Income Allocations IG Floating Rate Bonds Mix of fixed-income and equity CLOs (CLOI), 2%(FLTR), 2% dividend ETFs Long Term Treasury Bonds (TLT), 4% Energy Eq. Allocations
Slide 14: Attractive Yield vs. Fixed Income
VanEck Dynamic High Income Strategy Attractive Yield vs. Fixed Income vaneck.com/subscribe Yield Comparison vs. Morningstar Category Averages 7 6 30-Day SEC Yield (%) 5 4 3 2 1 0 Dynamic High Income High Yield Bond Emerging Markets Bond Corporate Bond Global Bond Strategy Source: VanEck, Morningstar
Slide 15: Portfolio Constraints
VanEck Dynamic High Income Strategy Portfolio Constraints vaneck.com/subscribe Risk optimization based on 3-month rolling volatility and correlation Constrained optimization is used at the ETF level to reduce portfolio volatility while achieving exposure to each income asset class Equity Income Fi
Slide 16: Risks for Consideration
VanEck Dynamic High Income Strategy Risks for Consideration vaneck.com/subscribe Active Management Risk • Active approach relies on discretionary assessment of factors with a systemic overlay for optimization • The strategy is benchmark aware, but may still result in tracking error Market Risk • Inv
Slide 17: Performance
Varick’ Performance
Slide 18: Composite Performance
VanEck Dynamic High Income Strategy Composite Performance vaneck.com/subscribe Van Eck Associates Corporation VanEck Dynamic High Income Strategy (Composite) ICE BofA Global High Yield Corporate & Sovereign Index (Benchmark) Calendar Periods Gross of Fees Returns (%) Net of Fees Return (%) Benchmark
Slide 19: Composite Performance
VanEck Dynamic High Income Strategy Composite Performance vaneck.com/subscribe Van Eck Associates Corporation VanEck Dynamic High Income Strategy (Composite) ICE BofA Global High Yield Corporate & Sovereign Index (Benchmark) Total Total Firm Composite Composite Assets Total Return Total Return Bench
Slide 20: Investment Teams and Resources
Investment Teams and Resources
Slide 21: Multi-Asset Solutions Team Implements the Strategy
VanEck Dynamic High Income Strategy Multi-Asset Solutions Team Implements the Strategy vaneck.com/subscribe David Schassler Portfolio Manager, Head of the MAS Team • Joined VanEck in 2012 • Prior to VanEck, Director and Portfolio Manager within the UBS Portfolio Strategy Group • MBA, Finance, New Yo
Slide 22: Committees Led By Senior Members Share Oversight
VanEck Dynamic High Income Strategy Committees Led By Senior Members Share Oversight vaneck.com/subscribe Investment and risk monitoring is centralized in three primary committees, with a separate committee dedicated to operational matters. VanEck’s Investment Committees with Cross-Functional Input
Slide 23: Multi-Layered, Collaborative Approach to Business Oversight
VanEck Dynamic High Income Strategy Multi-Layered, Collaborative Approach to Business Oversight vaneck.com/subscribe Committees monitor strategies/accounts and business departments – Investment Committee Committees – ETF Investment Committee • Investment • Operations – Investment Operations Commit
Slide 24: Multi-Asset. Risk-Managed. High Income.
VanEck Dynamic High Income Strategy Multi-Asset. Risk-Managed. High Income. vaneck.com/subscribe VanEck Dynamic High Income Strategy Actively allocates to high yielding segments of the market Broad diversification across income-producing asset classes Multi-asset portfolio adapts to changing m
Slide 25: Disclosures
Varick’ Disclosures
Slide 26: GIPS Disclosure
GIPS Disclosure vaneck.com/subscribe The VanEck Dynamic High Income Strategy Van Eck Associates Corporation (“VanEck”) is an independent investment adviser registered under the Investment Advisers Act of 1940. VanEck, which commenced operations 1985 (predecessor company in 1955), provides investment
Slide 27: Important Disclosures
Important Disclosures vaneck.com/subscribe VanEck is the marketing name for Van Eck Associates Corporation and its affiliated entities. The performance shown is for the stated time period only; due to market volatility, each account’s performance may be different. Returns are gross of management fee
Slide 28: Important Disclosures
Important Disclosures vaneck.com/subscribe This presentation originates from Van Eck Associates Corporation (“VanEck”) and does not constitute an offer to sell or solicitation to buy any security. VanEck’s opinions stated in this presentation may deviate from opinions presented by other VanEck depar
Slide 29: General Definitions
General Definitions vaneck.com/subscribe Alpha - A strategy's ability to beat the market, or its "edge." The excess return of an investment relative to the return of a benchmark index is the investment’s alpha. Alpha may be positive or negative and is the result of active investing. Annualized Track
Slide 30: Gain More Insights at: vaneck.com/subscribe
Gain More Insights at: vaneck.com/subscribe