PEN - URA - s232 - Lance, page-10

Good to follow top 5-6 holdings in GCL building your own bucket but the fund has very high charges. Last year charges were 3.15%, and they charge over performance fee of 8% if share fund increases I believe over 25%. That is a lot especially if we are really at the start of the next big Uranium bull run...some of my Uranium stocks are already up 25-400% which could easily extend to a significant number of Junior miners. If you want a Uranium ETF URA charges 0.69% per year, NO performance fee, plus a great dividend paid in December. IMO a mix of both juniors and an ETF is a good balance. DYOR