Northern Trust Morningstar Global Upstream Natural Resources ETF
$54.42+0.38 (+0.70%)
- 0.47%
- $7.0B
- +29.3%
- 2.28%
- 0.5M sh
- $53.73
- low $42.53high $58.07
The ETF.net GUNR Grade
B
Score 61 out of 100
- 6 of 14
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 7 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.A76 out of 100Rank 1 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 5 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 3 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 5 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A85 out of 100Rank 2 of 14
Our read on GUNR
BPlenty of "natural resources" funds are really energy funds in disguise. GUNR heads upstream to the diggers, drillers and growers, and gives timber and water their own seats at the table alongside energy, metals and agriculture.
The fund seeks to track the price and yield performance of the Morningstar Global Upstream Natural Resources Index before fees and expenses.
Why people hold it
- Five sectors, not three: energy, agriculture and metals, plus targeted slots for timber and water, so a single commodity cycle doesn't run the whole portfolio.flexshares.com
- Upstream only, by design: owners and extractors of the raw resource rather than the downstream firms that pay higher prices for it as an input.flexshares.com
- Diversification rules are written into the index: no single stock above 5%, US exposure capped at 40%, emerging markets capped at 20%.flexshares.com
- Trading since 2011 and now a multi-billion-dollar fund holding roughly 200 stocks, with distributions paid quarterly.
Worth knowing
- The 0.47% fee sits above the natural resources cohort median and above big rivals such as NANR (0.35%) and IGE (0.37%).
- You own resource companies, not the commodities. Equity-linked exposure tracks commodity prices less closely than futures do.indexes.morningstar.com
- Concentrated in resource industries by mandate, with developed and emerging market names in the mix, so it moves on its own cycle rather than the broad market's.sec.gov
GUNR Holdings
- Stocks
- 162
- 36%
- XOM
Sectors
- Materials47.3%
- Energy34.5%
- Consumer Staples11.4%
- Utilities5.5%
- Real Estate1.0%
- Financials0.3%
- Industrials0.1%
Geography
- United States32.97%
- Canada18.72%
- United Kingdom12.61%
- Australia7.37%
- Norway3.95%
- Brazil3.92%
- France2.86%
- Saudi Arabia2.40%
- 15.18%
Developed 77% · Emerging 23%
GUNR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GUNR$12,925
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GUNR |
|---|---|
| Year to date | +19.9% |
| 1 month | −3.9% |
| 3 months | +8.5% |
| 1 year | +29.3% |
| 3 years | +14.2% |
| 5 years | +10.7% |
| 10 years | +10.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GUNR |
|---|---|---|
| 2026 YTD | +19.9% | |
| 2025 | +30.0% | |
| 2024 | −8.4% | |
| 2023 | −2.4% | |
| 2022 | +14.9% | |
| 2021 | +26.1% | |
| 2020 | +0.5% |
GUNR in the news
GUNR Dividends
- 2.28%
- $1.23
- $0.37 per share
- Quarterly
Distribution history
GUNR Risk
- 15.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.55
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GUNR Cost
0.47%
GUNR0.47%
- The middle half of Natural Resources funds
- Median 0.46%
7 of the 14 Natural Resources funds charge less.
Other funds in Natural Resources
- AHAPVanEck Natural Resources ETFExpense ratio 0.41%1 year return +36.1%
- BCCNRALPS Funds CoreCommodity Natural Resources ETFExpense ratio 0.39%1 year return +32.4%
- BTURFT. Rowe Price Natural Resources ETFExpense ratio 0.44%1 year return +28.3%
- CNRESXtrackers RREEF Global Natural Resources ETFExpense ratio 0.45%1 year return +31.7%
- DCSNRCohen & Steers Natural Resources Active ETFExpense ratio 0.50%1 year return +33.6%