ATLASFlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR): outlook, holdings and fees
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is an exchange-traded fund and is managed by Northern Trust. The expense ratio is 0.47% and the yield is 2.45%. The ten largest holdings are 37% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on GUNR
| Last price | $53.28 (-0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $52.27 – $54.86 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 2.45% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
GUNR fund facts
| Issuer | Northern Trust |
|---|---|
| Theme | Global equities |
| Assets under management | $7.0B |
| Expense ratio | 0.47% |
| Number of holdings | 50 |
| Portfolio turnover | 26% |
| Inception | Sep 16, 2011 |
| Exchange | NYSE |
The index is designed to the performance of a selection of equity securities that are traded in or are issued by companies classified as developed or emerging markets, as determined by the index provider pursuant to its index methodology. The fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the index and in ADRs and GDRs based on the securities in the index.
GUNR top holdings
| Holding | Sector | Weight |
|---|---|---|
| Exxon Mobil Corp XOM | Energy | 5.77% |
| BHP Group Ltd BHP | Basic Materials | 4.80% |
| Nutrien Ltd NTR | Basic Materials | 4.95% |
| Shell plc SHEL | Energy | 4.43% |
| Chevron Corp CVX | Energy | 4.01% |
| Archer-Daniels-Midland Company ADM | Consumer Defensive | 3.48% |
| TotalEnergies SE ADR TTE | Energy | 2.88% |
| Rio Tinto PLC RIO | Basic Materials | 2.29% |
| Agnico Eagle Mines Limited AEM | Basic Materials | 2.07% |
| Newmont Goldcorp Corp NEM | Basic Materials | 2.02% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
GUNR sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 48.2% |
| Energy | 33.8% |
| Consumer Defensive | 11.6% |
| Utilities | 5.5% |
| Real Estate | 1.0% |
By region: North America 52.3%, Europe Developed 12.7%, United Kingdom 12.2%, Australasia 7.6%, Africa/Middle East 5.6%.
GUNR returns and risk
| Year to date | +20.1% |
|---|---|
| 1 year | +27.9% |
| 3 years (annualised) | +14.3% |
| 5 years (annualised) | +10.8% |
| 10 years (annualised) | +11.0% |
| Volatility (3 years) | 15.0% |
| Sharpe ratio (3 years) | 0.54 |
Past returns do not guarantee future results.
GUNR: frequently asked questions
What does GUNR invest in?
FlexShares Morningstar Global Upstream Natural Resources Index Fund invests in a portfolio of securities. Its largest holdings are Exxon Mobil Corp (5.8%), BHP Group Ltd (4.8%), Nutrien Ltd (5.0%), Shell plc (4.4%), Chevron Corp (4.0%).
What is the GUNR expense ratio?
0.47% a year: about $47.00 for every $10,000 invested.
What is the GUNR dividend yield?
2.45%. ATLAS does not hold the exact distribution dates for ETFs.
Will GUNR go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $52.27 to $54.86 from $53.28 today. It is a probability, not a prediction.
How has GUNR performed?
Year to date +20.1%, one year +27.9%, three years +14.3% a year, five years +10.8% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer