FlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
FlexShares Morningstar Global Upstream Natural Resources Index Fund is a global equity index ETF that tracks the Morningstar Global Upstream Natural Resources Index.
- Asset class
- Equity
- Region
- Global
- Management
- Index (passive)
- Fund type
- ETF
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar Global Upstream Natural Resources Index SM (the Underlying Index).
The fund tracks the Morningstar Global Upstream Natural Resources Index using representative sampling, holding a selection of global equity securities with significant economic interests in energy, agriculture, metals, timber, or water. Because the fund samples rather than replicates the index, its returns may diverge from the index. The fund concentrates its holdings in the Natural Resources sector to the same degree as the index and may focus more than 15% of assets in particular countries or regions.
| Share class | Gross | Net |
|---|---|---|
| GUNR | 0.47% | 0.46% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 28.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.20% |
| Cash & short-term | 2.14% |
| Bonds | 0.55% |
| Derivatives | 0.02% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 58.4% |
| Energy | 13.5% |
| Materials | 10.9% |
| Other | 7.6% |
| 6 smaller | 9.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: SUMITOMO MITSUI TRUST BANK LTD, LDN, STANDARD CHARTERED NY, MIZUHO BANK LIMITED NEW YORK, KBC, NEW YORK, WESTPAC BKG CORP, NEW YORK, BANK OF MONTREAL CHICAGO, NORDEA BANK ABP, NEW YORK BRANCH, TORONTO DOMINION NY
Largest exited: SUMITOMO MITSUI TRUST BANK LTD, LDN ×2, SUMITOMO MITSUI BANKING CORP NY ×4, BARCLAYS NEW YORK, MUFG Bank Ltd, New York Branch
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 90.2% |
| Fixed rate | 9.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| CTVA | Corteva, Inc.CTVA | 5.00% | $81.01 | $374.78M | 4.6M |
| XOM | Exxon Mobil Corp.XOM | 4.96% | $154.33 | $371.74M | 2.4M |
| NTR | Nutrien Ltd.NTR | 4.83% | $75.86 | $362.13M | 4.8M |
| — | BHP Group Ltd. | 4.16% | $38.62 | $311.79M | 8.1M |
| — | Shell plc | 3.89% | $45.20 | $291.29M | 6.4M |
| CVX | Chevron Corp.CVX | 3.78% | $193.31 | $282.97M | 1.5M |
| ADM | Archer-Daniels-Midland Co.ADM | 3.25% | $74.54 | $243.88M | 3.3M |
| — | TotalEnergies SE | 2.87% | $93.01 | $214.90M | 2.3M |
| — | Rio Tinto plc | 2.24% | $99.85 | $167.70M | 1.7M |
| NEM | Newmont Corp.NEM | 2.05% | $111.09 | $153.51M | 1.4M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 37.03% of net assets, top 25 59.96%, across 170 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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