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

46 bp

EXPENSES

$6.0 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorNorthern Trust Investments Inc
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateSep 16, 2011
Assets (mns)$5,998
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 5.0 %
BHP BILLITON LTD 4.8 %
NUTRIEN LTD. 4.3 %
SHELL PLC 4.2 %
CORTEVA INC 4.0 %
CHEVRON CORP 3.5 %
ARCHER-DANIELS-MIDLAND CO 3.4 %
RIO TINTO PLC 3.2 %
TOTAL SA 2.6 %
FREEPORT-MCMORAN COPPER 2.4 %
Constituent Breakdown
Number of holdings164
Herfindahl-Hirschman Index 207
Wgt avg mkt cap (mns)$96,931
Large cap (>$10bn)82.8%
Mid cap ($2-10bn)14.4%
Small cap (<$2bn)0.9%
Developed mkts.86.6%
Emerging mkts.13.4%
Country Exposure
UNITED STATES 35.7 %
CANADA 14.8 %
BRITAIN 12.6 %
AUSTRALIA 7.9 %
NORWAY 3.7 %
BRAZIL 3.3 %
FRANCE 2.6 %
SAUDI ARABIA 2.5 %
SWITZERLAND 2.3 %
INDIA 1.8 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -0.5% 4.3% 4.6% 6.0% 8.0% 4.2% 5.3%
Volatility 14.5% 15.5% 20.4% 20.4% 24.3% 21.2% --
Market Correlations
versus...BetaR-squared
S&P 5000.6837%
MSCI EAFE0.8554%
MSCI Emg Mkts0.6735%
Liquidity Measures
Avg. volume (000)402
Turnover0.3%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$18,421
Technical Indicators
Recent close$41.03
30d moving avg.$42.00
Annualized volatility20.0%
Relative strength (RSI)45
Short interest (ETF)0.1%
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 -- -- -- -- -- -- --
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Book value 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 --%
1.2 11.9 1.5 3.7% --
Based on closing prices from 7/11/2024
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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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

GUNR

9.1%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.1%
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 352 funds in the Global category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.7%. 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.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
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Volume
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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .