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SPDR® S&P® Global Natural Resources ETF
ETF
GNR
Payout Change
Pending
Price as of:
$49.11
+0.44
+0.9%
primary theme
Natural Resources Industry Equity
GNR (ETF)
SPDR® S&P® Global Natural Resources ETF
Payout Change
Pending
Price as of:
$49.11
+0.44
+0.9%
primary theme
Natural Resources Industry Equity
GNR (ETF)
SPDR® S&P® Global Natural Resources ETF
Payout Change
Pending
Price as of:
$49.11
+0.44
+0.9%
primary theme
Natural Resources Industry Equity
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-9.4%
1 yr return
-9.5%
3 Yr Avg Return
1.6%
5 Yr Avg Return
5.8%
Net Assets
$2.91 B
Holdings in Top 10
35.5%
52 WEEK LOW AND HIGH
$48.7
$48.67
$60.47
Expenses
OPERATING FEES
Expense Ratio 0.40%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GNR - Profile
Distributions
- YTD Total Return -9.4%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.17%
- Dividend Yield 5.6%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameSPDR® S&P® Global Natural Resources ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateSep 14, 2010
-
Shares Outstanding60350000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
In seeking to track the performance of the S&P Global Natural Resources Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in depositary receipts (including American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) based on securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index (including common stock, preferred stock, depositary receipts and shares of other investment companies), cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the
Adviser). In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.
The Index is comprised of 90 of the largest U.S. and foreign publicly-traded companies, based on market capitalization, in the natural resources and commodities businesses (as defined below) that meet certain investability requirements. The Index component securities represent a combination of the component securities included in each of the following three sub-indices: the S&P Global Natural Resources — Agriculture Index, the S&P Global Natural Resources — Energy Index and the S&P Global Natural Resources — Metals and Mining Index. Each sub-index imposes a 40% limit on exposure to U.S. stocks and a 15% limit on exposure to emerging market stocks. The weight of each sub-index equals one-third of the total weight of the Index. Membership in the Index is based on industry sector according to the Global Industry Classification Standard (“GICS®”). Companies in natural resources and commodities businesses include those significantly engaged in the following industries: agricultural products and services, forest and paper products; fertilizers and agricultural chemicals; paper and plastic packing products and materials; timber real estate investment trusts (“REITs”); integrated oil and gas; oil and gas drilling; oil and gas exploration and production; oil and gas refining and marketing; oil and gas equipment services; coal and consumable fuels; diversified metals and mining; steel; aluminum; copper; gold; silver; and precious metals and minerals. The Index includes publicly traded companies with stock traded on a developed market exchange, float-adjusted market capitalizations of a minimum of $1 billion and at least $5 million three-month average daily value traded. All Index constituents are weighted proportionally to their float-adjusted market capitalization within each sub-index, subject to a 5% single stock cap. A company's float-adjusted market capitalization is calculated by multiplying the number of shares readily available in the market by the price of such shares. Modifications are made to the weightings, if required, to conform to requirements applicable to regulated investment companies under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and reduce single stock concentration. The Index is reconstituted annually after the close of business on the last business day of August. In addition, rebalancings occur after the close of business on the last business day of February, May and November. As of November 30, 2023, countries represented in the Fund included Australia, Brazil, Canada, Chile, Colombia, Finland, France, Germany, Ireland, Italy, Israel, Japan, the Netherlands, Norway, Peru, Singapore, South Africa, South Korea, Spain, Sweden, the United Kingdom and the United States. As of November 30, 2023, a significant portion of the Fund comprised companies located in the United States and the United Kingdom, although this may change from time to time. As of November 30, 2023, the Index comprised 89 securities.
The Index is sponsored by S&P Dow Jones Indices LLC (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
GNR - Performance
Return Ranking - Trailing
| Period | GNR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.4% | -19.7% | 13.5% | 85.71% |
| 1 Yr | -9.5% | -18.8% | 12.9% | 86.67% |
| 3 Yr | 1.6%* | -19.2% | 14.2% | 54.90% |
| 5 Yr | 5.8%* | -1.7% | 29.9% | 77.55% |
| 10 Yr | 4.6%* | -5.6% | 12.8% | 60.24% |
* Annualized
Return Ranking - Calendar
| Period | GNR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.6% | -13.1% | 52.1% | 55.77% |
| 2022 | 5.7% | -34.9% | 34.0% | 40.20% |
| 2021 | 20.5% | -4.9% | 83.5% | 77.00% |
| 2020 | -3.0% | -23.4% | 126.4% | 78.57% |
| 2019 | 11.9% | -25.1% | 36.9% | 53.61% |
Total Return Ranking - Trailing
| Period | GNR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.4% | -19.7% | 13.5% | 85.71% |
| 1 Yr | -9.5% | -18.8% | 12.9% | 86.67% |
| 3 Yr | 1.6%* | -19.2% | 14.2% | 54.90% |
| 5 Yr | 5.8%* | -1.7% | 29.9% | 77.55% |
| 10 Yr | 4.6%* | -5.6% | 12.8% | 60.24% |
* Annualized
Total Return Ranking - Calendar
| Period | GNR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.9% | -12.2% | 57.6% | 50.96% |
| 2022 | 10.2% | -32.2% | 35.5% | 42.16% |
| 2021 | 24.7% | -2.5% | 83.6% | 73.00% |
| 2020 | 0.0% | -22.2% | 127.8% | 78.57% |
| 2019 | 16.5% | -25.1% | 37.6% | 50.52% |
GNR - Holdings
Concentration Analysis
| GNR | Category Low | Category High | GNR % Rank | |
|---|---|---|---|---|
| Net Assets | 2.91 B | 1.31 M | 6.14 B | 5.71% |
| Number of Holdings | 106 | 26 | 317 | 20.00% |
| Net Assets in Top 10 | 1.16 B | 547 K | 3.4 B | 7.62% |
| Weighting of Top 10 | 35.53% | 16.4% | 75.9% | 80.95% |
Top 10 Holdings
- BHP Group Ltd 5.59%
- Exxon Mobil Corp 4.82%
- Shell PLC 4.38%
- State Street Navigator Securities Lending Portfolio II 3.78%
- UPM-Kymmene Oyj 3.16%
- TotalEnergies SE 3.05%
- Freeport-McMoRan Inc 2.89%
- Nutrien Ltd 2.76%
- Glencore PLC 2.58%
- Reliance Industries Ltd 2.53%
Asset Allocation
| Weighting | Return Low | Return High | GNR % Rank | |
|---|---|---|---|---|
| Stocks | 99.05% | 0.00% | 100.20% | 59.05% |
| Cash | 4.03% | 0.00% | 23.75% | 23.81% |
| Other | 0.02% | -0.42% | 23.81% | 13.33% |
| Preferred Stocks | 0.00% | 0.00% | 6.24% | 89.52% |
| Convertible Bonds | 0.00% | 0.00% | 0.43% | 87.62% |
| Bonds | 0.00% | 0.00% | 83.60% | 88.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GNR % Rank | |
|---|---|---|---|---|
| Basic Materials | 51.63% | 2.49% | 100.00% | 35.24% |
| Energy | 34.70% | 0.00% | 89.67% | 44.76% |
| Consumer Cyclical | 6.62% | 0.00% | 43.37% | 14.29% |
| Consumer Defense | 4.85% | 0.00% | 33.96% | 31.43% |
| Real Estate | 1.38% | 0.00% | 36.20% | 17.14% |
| Industrials | 0.82% | 0.00% | 63.67% | 80.00% |
| Utilities | 0.00% | 0.00% | 35.93% | 94.29% |
| Technology | 0.00% | 0.00% | 17.68% | 93.33% |
| Healthcare | 0.00% | 0.00% | 22.67% | 93.33% |
| Financial Services | 0.00% | 0.00% | 4.52% | 88.57% |
| Communication Services | 0.00% | 0.00% | 0.21% | 87.62% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GNR % Rank | |
|---|---|---|---|---|
| Non US | 54.84% | 0.00% | 89.12% | 15.24% |
| US | 44.20% | 0.00% | 100.20% | 83.81% |
GNR - Expenses
Operational Fees
| GNR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.40% | 0.08% | 4.45% | 90.48% |
| Management Fee | 0.40% | 0.00% | 1.25% | 13.33% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| GNR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| GNR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GNR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.00% | 4.00% | 169.00% | 8.05% |
GNR - Distributions
Dividend Yield Analysis
| GNR | Category Low | Category High | GNR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.57% | 0.00% | 12.19% | 22.86% |
Dividend Distribution Analysis
| GNR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| GNR | Category Low | Category High | GNR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.17% | -35.65% | 6.21% | 4.81% |
Capital Gain Distribution Analysis
| GNR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $1.368 | OrdinaryDividend |
| Jun 03, 2024 | $0.987 | OrdinaryDividend |
| Dec 15, 2023 | $0.982 | OrdinaryDividend |
| Jun 01, 2023 | $0.927 | OrdinaryDividend |
| Dec 16, 2022 | $1.329 | OrdinaryDividend |
| Jun 01, 2022 | $1.165 | OrdinaryDividend |
| Dec 17, 2021 | $1.164 | OrdinaryDividend |
| Jun 01, 2021 | $0.691 | OrdinaryDividend |
| Dec 18, 2020 | $0.762 | OrdinaryDividend |
| Jun 01, 2020 | $0.483 | OrdinaryDividend |
| Dec 20, 2019 | $0.958 | OrdinaryDividend |
| Jun 03, 2019 | $0.814 | OrdinaryDividend |
| Dec 21, 2018 | $0.842 | OrdinaryDividend |
| Jun 01, 2018 | $0.605 | OrdinaryDividend |
| Dec 15, 2017 | $0.638 | OrdinaryDividend |
| Jun 16, 2017 | $0.541 | OrdinaryDividend |
| Dec 16, 2016 | $0.385 | OrdinaryDividend |
| Jun 17, 2016 | $0.460 | OrdinaryDividend |
| Dec 18, 2015 | $0.627 | OrdinaryDividend |
| Jun 19, 2015 | $0.848 | OrdinaryDividend |
| Dec 19, 2014 | $0.453 | OrdinaryDividend |
| Jun 20, 2014 | $0.687 | OrdinaryDividend |
| Dec 20, 2013 | $0.459 | OrdinaryDividend |
| Jun 21, 2013 | $0.778 | OrdinaryDividend |
| Dec 21, 2012 | $0.473 | OrdinaryDividend |
| Jun 15, 2012 | $0.503 | OrdinaryDividend |
| Dec 16, 2011 | $0.454 | OrdinaryDividend |
| Jun 17, 2011 | $0.480 | OrdinaryDividend |
| Dec 17, 2010 | $0.127 | OrdinaryDividend |
GNR - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Jan 31, 2011
11.34
11.3%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Karl Schneider
Start Date
Tenure
Tenure Rank
Jan 31, 2015
7.33
7.3%
Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.
David Chin
Start Date
Tenure
Tenure Rank
Jan 03, 2017
5.41
5.4%
David Chin is a Vice President of SSGA and a Senior Portfolio Manager in the Global Equity Beta Solutions Group at SSGA. Prior to joining SSGA in 1999, Mr. Chin was a product analyst in the Analytical Services Group at Frank Russell Company. Before this, he worked at OneSource Information Systems developing investment software. Preceding this, he was affiliated with PanAgora Asset Management in the Research and Development group creating quantitative investment models for international equities. Mr. Chin has been working in the investment management field since 1992. Mr. Chin holds a Bachelor of Science in Management Information Systems from the University of Massachusetts/Boston and a Master of Business Administration from the University of Arizona.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 24.18 | 7.58 | 0.16 |
