GUNR: FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND
What this ETF is trying to do
The FlexShares MorningStar Global Upstream Natural Resources Index Fund (GUNR) invests in companies that deal with natural resources. This includes businesses involved in energy, mining, and agriculture.
Based on the Top Holdings (updated October 7, 2026), the fund holds companies like Corteva Inc (5.08%), ExxonMobil Holdings Corp (4.97%), and BHP Group Ltd (4.81%). Because the holdings list is partial, these are only the largest of the 170 total holdings.
What the numbers show
As of October 5, 2026, the share price is $53.45.
There are two ways to look at the returns:
• Price Return: This measures only the change in the share price. The one-year price return is 21.87%, and the year-to-date (YTD) price return is 16.58%.
• Total Return: This reflects the overall return, including distributions. The one-year total return is 24.87%, and the YTD total return is 18.61%.
For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($43.86), the price-only growth would have increased that amount by 21.87%.
Income and distribution explanation
This ETF pays out cash to investors, which is called a distribution. It usually pays these distributions quarterly. Over the last 12 months, it has made 4 payouts totaling $1.23 per share.
The distribution yield is approximately 2.31%. It is important for beginners to know that a high yield alone can be misleading. A yield tells you how much cash you are getting relative to the price, but it does not guarantee that the total value of your investment will grow.
NAV erosion explanation
"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. This is different from a normal price dip in the stock market.
For this ETF, the erosion-risk score is 100, and the erosion label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• Positive price returns and total returns over the short and long term (three-year total return is 50.98%).
• No detected NAV erosion.
• Provides regular quarterly cash distributions.
Cons
• The fund is tied to natural resources, which can be volatile.
• The distribution yield is relatively low compared to some specialized income funds.
Beginner takeaway
GUNR is a fund that gives investors exposure to global natural resource companies. It has shown growth in both share price and total return over the last few years. While it provides some cash income through distributions, its primary recent movement has been an increase in share price.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | CORTEVA INC | CTVA | 5.08% |
| 2 | EXXONMOBIL HOLDINGS CORP | XOM | 4.97% |
| 3 | BHP GROUP LTD | n/a | 4.81% |
| 4 | NUTRIEN LTD | n/a | 4.49% |
| 5 | CHEVRON CORP | CVX | 3.69% |
| 6 | SHELL PLC | n/a | 3.55% |
| 7 | ARCHER-DANIELS-MIDLAND CO | ADM | 3.18% |
| 8 | TOTALENERGIES SE | TTE:XPAR | 2.63% |
| 9 | NEWMONT CORP | NEM | 2.24% |
| 10 | RIO TINTO PLC ORDINARY SHARES | n/a | 2.22% |