GNR: STATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF
What this ETF is trying to do
The STATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF (Ticker: GNR) is an exchange-traded fund that focuses on natural resources. It holds a variety of companies within this sector. According to the provided data, the fund has 113 total holdings.
Top Holdings:
• Nutrien Ltd (5.35%)
• BHP Group Ltd (4.82%)
• Shell PLC (4.63%)
• ExxonMobil Holdings Corp (4.46%)
• TotalEnergies SE (3.32%)
• UPM-Kymmene Oyj (3.15%)
• Newmont Corp (2.98%)
• Chevron Corp (2.62%)
• Corteva Inc (2.49%)
• Freeport-McMoRan Inc (2.38%)
Please note that this list is a partial view of the holdings and can change over time.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return. Price return only tracks how much the share price has changed. Total return includes both the price change and any cash distributions (dividends) paid out to investors.
Based on the data provided:
• Year-to-Date (YTD): The price return is approximately 20.34%, while the total return is approximately 21.76%.
• One-Year: The price return is approximately 25.49%, while the total return is approximately 28.97%.
• Three-Year: The price return is approximately 39.59%, while the total return is approximately 54.80%.
To visualize the price change, we can look at an estimated price from roughly one year ago, which was $59.59. The current price is $74.78.
Income and distribution explanation
This ETF provides cash distributions to investors. The distribution yield is approximately 2.44%. This number describes the cash paid out relative to the current ETF price. Over the last 12 months, there were 2 payouts. The frequency of these payments is described as irregular or less frequent.
It is important to remember that a distribution yield is not the same as total return. While distributions provide cash income, they do not guarantee that your original investment will stay the same value.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). Some investors worry about erosion because it can mean the fund is losing value over time.
For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The total return is higher than the price return, meaning distributions have added value to the overall performance.
• The erosion-risk measurements suggest no significant price deterioration has been detected.
Cons
• Distributions are irregular and occur less frequently.
• The list of top holdings is only a partial view of the total 113 companies in the fund.
Beginner takeaway
When studying GNR, it is helpful to distinguish between share-price movement and total return. This ETF has shown growth in both its price and its total return over the last three years. While it pays a distribution yield, investors should always look at the total return to see how much value was actually created including those cash payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NUTRIEN LTD | n/a | 5.35% |
| 2 | BHP GROUP LTD | n/a | 4.82% |
| 3 | SHELL PLC | n/a | 4.63% |
| 4 | EXXONMOBIL HOLDINGS CORP | XOM | 4.46% |
| 5 | TOTALENERGIES SE | TTE:XPAR | 3.32% |
| 6 | UPM-KYMMENE OYJ | n/a | 3.15% |
| 7 | NEWMONT CORP | NEM | 2.98% |
| 8 | CHEVRON CORP | CVX | 2.62% |
| 9 | CORTEVA INC | CTVA | 2.49% |
| 10 | FREEPORT-MCMORAN INC | FCX | 2.38% |