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 sponsor | Northern Trust Investments Inc |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Sep 16, 2011 |
Assets (mns) | $5,555 |
Expense ratio | 46 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
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 holdings | 165 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
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... | Beta | R-squared |
S&P 500 | 0.71 | 39% |
MSCI EAFE | 0.84 | 54% |
MSCI Emg Mkts | 0.71 | 37% |
Liquidity Measures
Avg. volume (000) | 872 |
Turnover | 0.6% |
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 volatility | 20.2% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. GUNR |
Expenses vs. GUNR |
ALTAR Score™ vs. GUNR |
---|---|---|---|---|
GNR | SPDR S&P Global Natural Resources ETF | 54.6% | -6 bp | +0.3% |
NANR | SPDR S&P North American Natural Resources ETF | 36.6% | -11 bp | -1.8% |
HAP | VanEck Natural Resources ETF | 36.0% | +4 bp | +0.6% |
FILL | iShares MSCI Global Energy Producers ETF | 29.0% | -7 bp | +0.9% |
IXC | iShares Global Energy ETF | 27.7% | -2 bp | -0.1% |
MXI | iShares Global Materials ETF | 27.4% | -5 bp | -2.4% |
FTWO | Strive FAANG 2.0 ETF | 26.7% | +3 bp | -4.6% |
VEGI | iShares MSCI Agriculture Producers ETF | 23.5% | -7 bp | +0.1% |
CCNR | ALPS CoreCommodity Natural Resources ETF | 23.5% | -7 bp | +1.9% |
IGE | iShares North American Natural Resources ETF | 21.4% | -5 bp | -2.5% |
Risk and Returns: GUNR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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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 | --% |
Based on closing prices from 10/9/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
GUNRSELL
U/W
HOLD
O/W
BUY
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 .