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GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF

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$52.91
+1.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, GUNR returned 26.8%.

What drove GUNR’s returns?What does GUNR hold that the S&P 500 does not?What does GUNR cost to hold and to trade?
Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companiesNorthern Trust ↗Expense ratio 0.46%Fund assets $7.2bn net assets, latest filing (Jul 31, 2026)First traded Sep 22, 2011Benchmark Its own holdings, as of Jul 31, 2026; no other fund tracks the Morningstar Global Upstream Natural Resources Index, the index its prospectus namesSEC filings ↗Every Northern Trust fund ETFIQ coversDividend history

Promise check: Not measuredETFIQ has not yet listed which companies belong to the natural resources theme.

Compare with…Trading costsPut to the committeeaskIQ about GUNRAdd to portfolioAlerts

GUNR risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

GUNR −1.0%: total return over one month to Nov 4, 2026.
GUNR−1.0%
GUNR +1.3%: total return over three months to Nov 4, 2026.
GUNR+1.3%
GUNR −2.5%: total return over six months to Nov 4, 2026.
GUNR−2.5%
GUNR +17.4%: total return over the year to Nov 4, 2026.
GUNR+17.4%
GUNR +26.8%: total return over one year to Nov 4, 2026.
GUNR+26.8%
GUNR +45.4%: total return over three years to Nov 4, 2026.
GUNR+45.4%
GUNR +61.6%: total return over five years to Nov 4, 2026.
GUNR+61.6%
GUNR +168.8%: total return over ten years to Nov 4, 2026.
GUNR+168.8%
GUNR +149.3%: total return since launch to Nov 4, 2026.
GUNR+149.3%
askIQ: what drove GUNR’s returns? ↗

What did you actually buy?

Natural resources · holdings as of Jul 31, 2026
27.1%
Already in the S&P 500
Report
98.3%
Active share vs the S&P 500
Report
36.6%
Top ten holdings
Report
+26.8%
Total return, 1 year
Report
2.9%
12-month yield, capital gains included, on its starting price
Report
$0.3663
Last payment (paid quarterly), ex-date Sep 18, 2026
Report
Share already in the S&P 500
27.1% of the fund by weight, holdings as of Jul 31, 2026.
Ten largest holdings
ExxonMobil Holdings Corp.5.1%
Corteva, Inc.4.9%
BHP Group Ltd.4.6%
Nutrien Ltd.4.3%
Shell plc3.8%
Chevron Corp.3.7%
Archer-Daniels-Midland Co.3.2%
TotalEnergies SE2.8%
Rio Tinto plc2.3%
Newmont Corp.1.9%
askIQ: what does GUNR hold that the S&P 500 does not? ↗

More on GUNR

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Price and total return, 1 year

$52.91+1.0%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

GUNR returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−1.0%−1.0%
3M Aug 5 – Nov 4, 2026+1.3%−0.1%
6M May 6 – Nov 4, 2026−2.5%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+17.4%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+26.8%+14.8%
3Y Nov 3, 2023 – Nov 4, 2026+45.4%+82.9%
5Y Nov 5, 2021 – Nov 4, 2026+61.6%+75.0%
10Y Nov 4, 2016 – Nov 4, 2026+168.8%+330.8%
Since launch Sep 22, 2011 – Nov 4, 2026+149.3%+783.0%
Since launch, annualised Sep 22, 2011 – Nov 4, 2026+6.2%–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

GUNR key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$57.59 on Sep 9, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$42.94 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$52.91, 68% of the way from the low to the high
Holdings135
Top ten holdings weight36.6%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Jan 14, 2026
Trading · GUNRas of Jan 14, 2026
·
Not scored1 of 6 measured · Jan 14, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

GUNR for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
GUNR interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

GUNR is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About GUNR

Theme (ETFIQ, editorial)Natural resources
First tradedSep 22, 2011
Already in the S&P 500, by weight (ETFIQ)27.1%
Outside the S&P 500, by weight (ETFIQ)73%
Active share vs the S&P 500 (ETFIQ)98.3%
Already in the Nasdaq-100, by weight (ETFIQ)0.4%
Active share vs the Nasdaq-100 (ETFIQ)99.8%
Top ten holdings weight36.6%
Holdings135
Holdings as of (SEC N-PORT)Jul 31, 2026
Top holdingsExxonMobil Holdings Corp. 5.1%, Corteva, Inc. 4.9%, BHP Group Ltd. 4.6%, Nutrien Ltd. 4.3%, Shell plc 3.8%, Chevron Corp. 3.7%, Archer-Daniels-Midland Co. 3.2%, TotalEnergies SE 2.8%, Rio Tinto plc 2.3%, Newmont Corp. 1.9%
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$7.2bnReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jul 31, 2026; no other fund tracks the Morningstar Global Upstream Natural Resources Index, the index its prospectus names
Stated benchmarkMorningstar Global Upstream Natural Resources Index (from its prospectus). GUNR is the only ETF ETFIQ covers that tracks it.
Below its all-time high (ETFIQ)−7.5%
Expense ratio (497 XBRL, Aug 14, 2026)0.46%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.47%
Below its all-time high7.5%, high on Sep 9, 2026
How we measure
The top ten holdings are 37% of the fund across 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on GUNR

12 seats on GUNR, as of Nov 4, 2026: 1 Mixed, 3 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put GUNR to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about GUNR

How much of GUNR is in S&P 500 companies?
By its holdings filed for Jul 31, 2026, 27% of GUNR by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.
What does GUNR hold?
135 positions as filed for Jul 31, 2026, with the top ten at 37% of the fund. The largest are ExxonMobil Holdings Corp. at 5.1%, Corteva, Inc. at 4.9%, BHP Group Ltd. at 4.6%.
Has GUNR beaten the S&P 500?
Over the year to Nov 4, 2026 GUNR returned +26.8% with distributions reinvested, against +14.8% for the S&P 500, so it finished ahead of the index by 12.0 points.
What does GUNR cost?
The prospectus expense ratio is 0.46% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.47%.
Sources and dates
Prices, GUNR and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.46%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $7.2bnSEC filing, whole fund · Jul 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerNorthern Trust website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, GUNR, thematic ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/gunr

The difference bar for GUNR, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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GUNR: 27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.
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<iframe src="https://etfiq.com/embed/themes/gunr/" title="GUNR: 27% of GUNR&#x27;s weight is in S&amp;P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026." width="640" height="346" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">GUNR: 27% of GUNR&#x27;s weight is in S&amp;P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026. Data: <a href="https://etfiq.com/funds/gunr">ETFIQ</a></figcaption>
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