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Uranium
Resources
Fund
Nuclear power will also play an important role in the future energy mix. It supplies low-CO2-produced, round-the-clock base load for the power grid. Uranium is the raw material used to operate such nuclear power plants. To meet the growing demand for uranium, production will have to be greatly expanded in the coming years. This gives interesting investment opportunities for the long-term investor.
Uranium remains relevant
Nuclear power plants provide low-CO2 produced, 7x24 available base load for the power grid
Supply gap
in the uranium market
will be closed
Rising uranium prices provide the incentive to build up the necessary production capacity
Long-term
investment
The Fund is suitable for the long-term investor who would like to participate in the prospects of the uranium sector
Nuclear power is making a comeback!
According to the international community’s climate targets, the growing demand for electricity should increasingly be met from non-fossil sources in future. In addition, the electricity supply should remain reliable, secure and affordable. Alternative energies (wind, solar and hydropower) cannot achieve this on their own due to weather-related fluctuations in production. Nuclear power, which produces electricity with low CO2 emissions and provides a base load in the electricity grid around the clock, seven days a week, is an obvious addition. These qualities are convincing decision-makers worldwide. The capacity of the global reactor fleet is being expanded accordingly, by extending the operating life of existing reactors, building new nuclear power plants and developing new, flexible and safe reactor concepts. These developments are creating a growing demand for uranium as a commodity.
Due to low uranium prices, too little has been invested in the production capacities of the uranium sector over many years. As a result, demand exceeds supply. There is a supply gap on the physical uranium market. In order to rebalance the market, this supply gap must be closed. This will only work if there is an incentive to expand production thanks to rising uranium prices. This opens up interesting investment opportunities for long-term investors.
The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Performance Overview and Risk Figures
Performance in %
| 1 month | 3 months | 1 year | since inception | p.a. since inception | |
|---|---|---|---|---|---|
| Fund | 18.13 | -3.76 | 12.53 | 60.93 | 41.43 |
Monthly performance in %
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 32.98 | -5.32 | -11.26 | 5.84 | -8.15 | -13.00 | -6.35 | 18.13 | -12.38 | -8.41 | |||
| 2025 | 8.64 | 12.16 | 8.59 | -3.26 | 11.73 | 16.55 | 3.62 | -13.90 | 3.53 | 53.95 |
Risk Figures
| Figure | 1 Year | Inception |
|---|---|---|
| Annualised Volatility | 46.07% | 43.61% |
| Sharpe Ratio | -0.30 | 0.62 |
| % Positive | 51.05%¹ | 52.80%¹ |
| Worst Period | -8.97% | -8.97% |
| Best Period | 13.61% | 13.61% |
| Maximum Drawdown | -39.65% | -39.65% |
| Number of observations | 237 | 339 |
¹ daily
Fund Allocation (at month end)
Top 10 Holdings
| Paladin Energy | 8.1 % | |
| Sprott physical Uranium Trust | 7.9 % | |
| Energy Fuels | 7.8 % | |
| Denison Mines | 7.5 % | |
| NexGen Energy | 7.4 % | |
| NAC Kazatomprom | 4.6 % | |
| IsoEnergy | 4.5 % | |
| Cameco | 4.5 % | |
| UR-Energy | 4.4 % | |
| Uranium Energy | 4.4 % |
Equity Allocation
| Uranium – physical & Royalties | 15.5 % |
| Uranium - Producers | 37.5 % |
| Uranium - Developers | 33.6 % |
| Uranium - Explorers | 6.4 % |
| Fuel, Infrastructure, Utilities | 5.7 % |
| others | 0.3 % |
| Liquidity | 1.0 % |
| Total | 100.0 % |
Currency Allocation
| USD | 41.5 % |
| CAD | 39.6 % |
| AUD | 13.5 % |
| EUR | 1.1 % |
| GBP | 4.2 % |
| Total | 99.9 % |
Fund Data and Costs
Fund Data as of 24.09.2026
| NAV | CHF 141.00 |
|---|---|
| Currency | CHF |
| ISIN | LI0224073465 |
| WKN | A417F4 |
| Bloomberg Ticker | URANCCH LE |
| Investment approach | The Uranium Resources Fund is an actively managed, non-benchmark-linked UCITS fund focused on the global uranium sector. The fund invests across three pillars: physical uranium, established producers and advanced mine developers. The aim is to benefit from the structural supply shortage in the uranium market, rising uranium prices and the global renaissance of nuclear energy. |
| Launch date of fund | 23.02.2011 |
| Launch date of unit class | 17.04.2025 |
| Fund volume | 38.2 m CHF |
| Minimum investment | none |
| Cut-off subscriptions and redemptions | Valuation day by no later than 12.00 noon (CET) |
| Liquidity | daily |
| Use of income | reinvested |
| Fund type | UCITS |
| Eligible as UCITS target fund | yes |
| SFDR classification | Article 6 |
| SRI according to PRIIP KID | 6 |
| Management company | IFM Independent Fund Management AG FL-9494 Schaan www.ifm.li |
| Custodian | Liechtensteinische Landesbank AG FL-9490 Vaduz www.llb.li |
| Distribution to private investors | LI, DE, AT, CH, LU |
| Distribution to professional investors | LI, DE, AT, CH, LU |
| Savings plan eligible | Yes |
| Taxable value Austria | yes |
| Taxable value Austria | Taxable value Austria |
| Taxable value Switzerland | yes |
| Taxable value Switzerland | Taxable value Switzerland |
| Information taxable value Germany | Information taxable value Germany |
Costs
| Issue premium | max. 3% |
|---|---|
| Performance fee | 10.00% |
| Hurdle | 2.00% |
| High Water Mark | yes |
| TER | 1.53% |
Legal Documents and Reports
| Key Investor Information Document - PRIIP | 05.05.2026 |
| Prospectus | 16.01.2026 |
| Semi-annual report (DE) | 30.06.2026 |
| Annual report (DE) | 31.12.2025 |
Marketing Documents
| Latest factsheet | 31.08.2026 |
Organisation and Distribution Partners
Organisation
| Management company | IFM Independent Fund Management AG FL-9494 Schaan www.ifm.li |
|---|---|
| Asset Manager | Incrementum AG FL-9494 Schaan www.incrementum.li |
| Depositary | Liechtensteinische Landesbank AG FL-9490 Vaduz www.llb.li |
| Auditor | PricewaterhouseCoopers GmbH FL-9491 Ruggell www.pwc.ch |
| Supervisory authority | FMA Finanzmarktaufsicht Liechtenstein FL-9490 Vaduz www.fma-li.li |
| Switzerland representative | LLB Swiss Investment AG CH-8001 Zürich www.llbswiss.ch |
| Switzerland paying agent | Helvetische Bank AG CH-8008 Zürich www.helvetischebank.ch |
| Facility agent Germany | IFM Independent Fund Management AG FL-9494 Schaan www.ifm.li |
| Contact and information agent Austria | Erste Bank der österreichischen Sparkassen AG AT-1100 Wien www.sparkasse.at |
| Facility agent Luxembourg | IFM Independent Fund Management AG FL-9494 Schaan www.ifm.li |
Distribution
| Distribution to private investors | LI, DE, AT, CH, LU |
|---|---|
| Distribution to professional investors | LI, DE, AT, CH, LU |
| Sales restrictions | USA |
Questions and Answers
What is the fund’s reference number?
Each share class has its own International securities identification number (ISIN). Select the desired share class from the list above and then click on the ‘Fund Data and Costs’ accordion.
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