GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund

FlexShares Morningstar Global Upstream Natural Resources Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Morningstar Global Upstream Natural Resources Index.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

5.6 B

ASSETS UNDER MGMT

46 bp

EXPENSES
Fund Basics
Fund sponsorNorthern Trust Investments Inc
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateSep 16, 2011
Assets (mns)$5,555
Expense ratio46 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
EXXON MOBIL CORP 5.2 %
BHP BILLITON LTD 4.7 %
NUTRIEN LTD. 4.4 %
CORTEVA INC 4.3 %
SHELL PLC 4.1 %
CHEVRON CORP 3.5 %
ARCHER-DANIELS-MIDLAND CO 3.3 %
TOTAL SA 2.8 %
RIO TINTO PLC 2.6 %
GLENCORE INTERNATIONAL PLC 2.1 %
Constituent Breakdown
Number of holdings165
Herfindahl-Hirschman Index 205
Wgt avg mkt cap (mns)$96,111
Large cap (>$10bn)82.8%
Mid cap ($2-10bn)15.1%
Small cap (<$2bn)0.5%
Developed mkts.84.7%
Emerging mkts.14.9%
Country Exposure
UNITED STATES 36.8 %
CANADA 15.3 %
BRITAIN 12.6 %
AUSTRALIA 6.8 %
CHINA 4.4 %
NORWAY 3.4 %
FRANCE 2.8 %
BRAZIL 2.7 %
SAUDI ARABIA 2.3 %
SWITZERLAND 2.1 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.0% 6.3% 8.6% 8.3% 9.8% 5.5% 5.5%
Volatility 14.5% 15.5% 20.4% 20.4% 24.3% 21.2% --
Market Correlations
versus...BetaR-squared
S&P 5000.7139%
MSCI EAFE0.8454%
MSCI Emg Mkts0.7137%
Liquidity Measures
Avg. volume (000)872
Turnover0.6%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$18,080
Technical Indicators
Recent close$40.83
30d moving avg.$39.67
Annualized volatility20.2%
Relative strength (RSI)45
Short interest (ETF)0.2%
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: GUNR vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
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 --%
1.1 11.8 1.4 3.7% --
Based on closing prices from 10/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GUNR



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 Rating

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.

ALTAR Score™

GUNR

9.2%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.6%. GUNR's ALTAR Score™ is approximately 1.1 standard deviations above the category average. This places GUNR in the 87th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

GUNR
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
GUNR (46 bp) Percentile rank 30
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GUNR 46.0 2.6 48.6
Peer Avg. 53.2 35.2 88.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .