GNR

SPDR S&P Global Natural Resources ETF

SPDR S&P Global Natural Resources ETF is an exchanged-traded fund incorporated in the United States. The Fund seeks to track the performance of the S&P Global Natural Resources Index which tracks the global natural resources and commodities businesses.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

GUNR

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSGA Funds Management Inc
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateSep 13, 2010
Assets (mns)$3,419
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionCommittee
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SHELL PLC 4.9 %
BHP BILLITON LTD 4.8 %
EXXON MOBIL CORP 4.1 %
TOTAL SA 3.8 %
UPM-KYMMENE OYJ 2.8 %
CHEVRON CORP 2.7 %
BP PLC 2.6 %
FREEPORT-MCMORAN COPPER 2.5 %
NUTRIEN LTD. 2.5 %
GLENCORE INTERNATIONAL PLC 2.4 %
Constituent Breakdown
Number of holdings99
Herfindahl-Hirschman Index 195
Wgt avg mkt cap (mns)$79,650
Large cap (>$10bn)87.9%
Mid cap ($2-10bn)9.8%
Small cap (<$2bn)0.0%
Developed mkts.93.2%
Emerging mkts.6.8%
Country Exposure
UNITED STATES 34.6 %
CANADA 14.2 %
BRITAIN 10.9 %
AUSTRALIA 8.9 %
BRAZIL 4.4 %
FINLAND 4.3 %
FRANCE 3.8 %
SWITZERLAND 3.6 %
NORWAY 1.8 %
IRELAND 1.7 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 1.9% 2.4% 8.9% 8.2% 4.6% 3.8%
Market Correlations
versus...BetaR-squared
S&P 5000.8250%
MSCI EAFE0.9866%
MSCI Emg Mkts0.7541%
Liquidity Measures
Avg. volume (000)524
Turnover0.8%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$19,887
Technical Indicators
Recent close$53.46
30d moving avg.$54.96
Annualized volatility20.8%
Relative strength (RSI)52
Short interest (ETF)0.6%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: GNR vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.9 10.8 1.3 3.8% --
Based on closing prices from 2/29/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GNR



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

GNR

9.9%

Cat. Avg

3.8%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.9%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 341 funds in the Global Equities category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.7%. GNR's ALTAR Score™ is approximately 1.3 standard deviations above the category average. This places GNR in the 90th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
GNR
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GNR 40.0 10.8 50.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.