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GUNR ETF · FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF
The GUNR Exchange Traded Fund (ETF) is provided by FlexShares. It is built to track an index: Morningstar Global Upstream Natural Resources Index. The GUNR ETF provides physical exposure, so by buying it you actually own parts of all the 120 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofNatural Resources1M perf.+0.61%
Last price
$54.59
1M perf.
+2.25%
1M flows
+€104M
AuM
€6.25B
E/R
0.47%
Rating
ESG Consensus®
GUNR
$54.59
Performance & flows
Segment for quartile rank
December 10, 2025 → March 10, 2026
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GUNR
$53.93
+20.49%
Natural Resources
+15.51%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +2.25%  | +20.49%  | +46.15% | +41.75%  | +73.70% | -2.84% | +17.45% | +17.45% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/10/2026
$53.93
1D NAV change
+0.42%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
120
Inception date
9/16/2011
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Morningstar Global Upstream Natural Resources Index
Asset class
Factors
N/A
Investment strategy
FlexShares Morningstar® Global Upstream Natural Resources Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar® Global Upstream Natural Resources IndexTM (Underlying Index).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +20.49% | +46.15% | +41.75% | +73.70% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Countries
USA
33.55%
Canada
18.69%
United Kingdom
10.53%
Australia
6.09%
China
4.79%
Brazil
3.32%
Norway
2.78%
France
2.31%
Unavailable
2.44%
Other
15.49%
Sectors
Materials
47.02%
Energy
30.03%
Consumer Staples
10.07%
Utilities
4.55%
Industrials
1.83%
Real Estate
1.02%
Unavailable
5.48%
Diversification
Total weight of top 15 holdings out of 120
Top 15 holdings
Data as of January 31, 2026
EXXON
CORTEVA INC
CHEVRON TEXACO
NUTRIEN LTD
BHP GROUP LTD
SHELL PLC
ARCHER DANIELS
NEWMONT CORP
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AGNICO EAGLE MINES LTD
TOTALENERGIES SE
RIO TINTO
BARRICK GOLD
TYSON FOODS
FREEPORT-MCMORAN INC
BP
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about GUNR ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
GUNR’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
35.00% of holdings have positive scoring
67.21% of holdings have negative scoring
13.05%
17.49%
8.55%
36.01%
22.65%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Morningstar Global Upstream Natural Resources Total Return Index - USD
Index ticker
MUNRT Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
FlexShares
FlexShares ID Card
Number of funds
36
Total AuM
€22.49B
Expense ratio range
0.09% - 0.58%
Average expense ratio
0.2633%
Top 5 funds by FlexShares
Frequently asked questions about GUNR
What does FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF, GUNR, invest in?
GUNR is a Passive ETF. This ETF provides exposure to Equities.
Which benchmark or index does GUNR replicate?
GUNR tracks the Morningstar Global Upstream Natural Resources Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of GUNR?
GUNR carries a total expense ratio (TER) of 0.47%, indicating the annual cost for holding the fund.
When was GUNR launched?
GUNR was introduced to the market on September 16, 2011. It trades on United States
Who is the ETF issuer of GUNR?
FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF, GUNR, is provided by FlexShares. Learn more about FlexShares here.
What is the current assets under management (AUM) of GUNR?
GUNR oversees €6.25B in assets as of March 10, 2026.
How has GUNR performed lately?
Based on data from March 10, 2026, GUNR returned 2.25% over the past month, 20.49% over the last three months and 17.45% year-to-date.
What are the latest inflows or outflows for GUNR?
As of March 10, 2026, GUNR recorded net flows of +€104M over the last month and +€419M year-to-date.
Does GUNR distribute dividends?
GUNR follows a distributing dividend policy, meaning it pays out income to investors. As of March 10, 2026, its 12-month trailing yield was 2.39%.
What are the main country or region exposures of GUNR?
As of January 31, 2026, GUNR has significant geographic allocations in USA, Canada and United Kingdom.
In which sector or theme does GUNR invest in?
As of January 31, 2026, GUNR focuses largely on Materials, Energy and Consumer Staples.
How many securities does GUNR hold and how diversified is it?
As of January 31, 2026, GUNR holds 120 positions in its portfolio, with 44.29% of assets concentrated in its top 15 holdings.
What are the main positions in GUNR?
As of January 31, 2026, GUNR top three holdings include EXXON, CORTEVA INC and CHEVRON TEXACO.
What is the base currency of GUNR?
The base currency of GUNR is USD.
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