MGNR vs NANR

MGNRDAmerican Beacon GLG Natural Resources ETF

NANRAState Street SPDR S&P North American Natural Resources ETF

In short

MGNR An actively run slice of the companies that dig, drill and grow the world's raw materials, launched in 2024. Its peer group is stuffed with cheap broad-market core funds; this one is the specialist picking resource stocks by hand.

NANR Natural resources without the passport: roughly 200 large and mid cap US and Canadian energy, mining and agriculture names in one basket, for 0.35% a year.

Stated mandate

MGNR The Fund seeks long-term capital appreciation and invests primarily in equity securities of companies engaged in natural resources and related businesses.

NANR The fund seeks to track, before fees and expenses, the total return of the S&P BMI North American Natural Resources Index. It targets large- and mid-cap publicly traded U.S. and Canadian companies in energy, metals and mining, and agriculture-related natural-resources businesses.

Why people hold it

• MGNR Stock picking, not index following: the managers hunt for long-term capital appreciation in natural-resources equities and can lean wherever they see value in the complex.
• A rule keeps it honest: at least 80% of net assets must sit in natural-resources and resources-related equities, so the theme can't quietly drift into something else.yahoo.com
• Real traction for a niche 2024 launch: assets in the hundreds of millions and moderate daily volume, not one of those thinly traded oddities.
• Pays quarterly, and among active US equity ETFs it lands in the upper half of the pack on our review.

• NANR At 0.35% a year, it undercuts its natural-resources peers, including IGE at 0.37% and State Street's own global version, GNR, at 0.40%.
• Three commodity engines, not one. Energy, metals and mining, and agriculture-linked businesses sit in the same basket, so it isn't a pure oil bet.
• North America only: large and mid cap US and Canadian producers, no emerging-market miners or state-linked oil majors.
• Index-tracking since 2015, and one of the stronger builds in its natural-resources cohort.

Worth knowing

• MGNR Specialist pricing: 0.75% a year is above the typical active US equity ETF and several times what core peers such as DFAU (0.12%) or AVLC (0.15%) charge.
• One theme, one cycle. Resource equities track commodity prices, which move in bigger swings than a diversified core portfolio.
• Young fund: it opened in 2024, so its risk record covers a short stretch rather than a full commodity cycle.

• NANR Thinly traded next to the category's giants, so spreads can be wider and big orders can move the price.
• Commodity cycles drive it. A basket parked in energy and materials swings harder than a broad market index.
• Cash comes once or twice a year, not quarterly, and the Canadian sleeve adds a currency layer.

Full MGNR profile⁠

Full NANR profile⁠