---
ticker: "GUNR"
name: "Northern Trust Morningstar Global Upstream Natural Resources ETF"
url: "https://etf.net/etf/GUNR"
grade: "B"
score: 61
graded_at: "2026-10-12"
category: "Natural Resources"
category_rank: "6 of 14"
methodology: "https://etf.net/methodology"
---

# GUNR: Northern Trust Morningstar Global Upstream Natural Resources ETF

Grade **B**, Score 61 of 100. Rank 6 of 14 in Natural Resources.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 50 | 7 of 14 |
| Mission | 76 | 1 of 6 |
| Risk | 60 | 5 of 14 |
| Tradability | 74 | 3 of 14 |
| Holdings | 71 | 5 of 14 |
| Durability | 85 | 2 of 14 |

## Top holdings

The fund holds 162 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | XOM | Exxonmobil Holdings Corp Common Stock USD | 5.77% |
| 2 | BHP.AX | Bhp Group Ltd Common Stock Aud 0 | 5.04% |
| 3 | NTR.TO | Nutrien Ltd | 4.53% |
| 4 | SHEL.L | Shell PLC | 4.36% |
| 5 | CVX | Chevron Corp Common Stock USD 0.75 | 3.96% |
| 6 | ADM | Archer-Daniels-Midland Co Common Stock USD 0 | 3.48% |
| 7 | TTE.PA | Totalenergies SE Common Stock Eur 2.5 | 2.80% |
| 8 | RIO.L | Rio Tinto PLC Common Stock Gbp 10 | 2.22% |
| 9 | AEM.TO | Agnico Eagle Mines Ltd Common Stock Cad 0 | 2.06% |
| 10 | NEM | Newmont Corp Common Stock USD 1.6 | 1.99% |
| 11 | BP.L | Bp PLC Common Stock Gbp 0.25 | 1.83% |
| 12 | FCX | Freeport-Mcmoran Inc Common Stock USD 0.1 | 1.80% |
| 13 | CF | Cf Industries Holdings Inc Common Stock USD 0.01 | 1.69% |
| 14 | COP | Conocophillips Common Stock USD 0.01 | 1.63% |
| 15 | CNQ.TO | Canadian Natural Resources Ltd Common Stock Cad 0 | 1.61% |
| 16 | TSN | Tyson Foods Inc Common Stock USD 0.1 | 1.60% |
| 17 | GLEN.L | Glencore PLC Common Stock Gbp 0.01 | 1.59% |
| 18 | MOWI.OL | Mowi Asa Common Stock Nok 7.5 | 1.54% |
| 19 | ABX.TO | Barrick Mining Corp Common Stock Cad | 1.47% |
| 20 | SU.TO | Suncor Energy Inc Common Stock Cad 0 | 1.35% |
| 21 | BG | Bunge Global SA Common Stock USD 0.01 | 1.35% |
| 22 | WPM.TO | Wheaton Precious Metals Corp | 1.33% |
| 23 | AAL.L | Anglo American PLC Common Stock Gbp 0.6239 | 1.23% |
| 24 | IQCD.QA | Industries Qatar Qsc Common Stock Qar 1 | 1.20% |
| 25 | AWK | American Water Works Co Inc Common Stock USD 0.01 | 1.19% |
| 26 | 2020.SR | Sabic Agri-Nutrients Co Common Stock Sar 10 | 1.18% |
| 27 | YAR.OL | Yara International Asa Common Stock Nok 1.7 | 1.10% |
| 28 | UPM.HE | Upm-Kymmene Oyj Common Stock Eur 0 | 1.06% |
| 29 | VALE3.SA | Vale SA Common Stock Brl 0 | 1.05% |
| 30 | UU.L | United Utilities Group PLC Common Stock Gbp 5 | 1.04% |

Source: etf.net, https://etf.net/etf/GUNR. Please cite the page URL.