Sector Distribution:

• Energy: approx. 40%
• Materials: approx. 30%
• Agriculture: approx. 30%

Top 3 Markets:

• USA: approx. 45%
• Canada: approx. 15%
• Australia: approx. 10%

The SPDR S&P Global Natural Resources ETF (ARCA:GNR) mainly invests in companies from the energy, materials, and agriculture sectors. These sectors are crucial for the global supply of natural resources.

The USA is the largest market for this ETF, attributed to the strong presence of energy and materials companies. Canada and Australia follow suit, as both countries are rich in natural resources and significant players in global commodity production.

SPDR S&P Global Natural Resources ETF (ARCA:GNR) is an exchange-traded fund (ETF) and not a company that produces physical products.

The ETF invests in a variety of companies in the natural resources sector worldwide. These companies are typically involved in the production and processing of commodities such as energy, metals, and agricultural products.

Being a fund, the SPDR S&P Global Natural Resources ETF itself does not produce any products but holds shares in companies operating in different countries. The production sites of these companies vary depending on the industry and specific company.

Current Status: Data available until October 2023

The SPDR S&P Global Natural Resources ETF (ARCA:GNR) is an exchange-traded fund (ETF) that does not pursue its own growth strategy like a company, but rather tracks the performance of a specific index. The ETF aims to reflect the performance of the S&P Global Natural Resources Index.

ETF Strategy:

1. Diversification: The ETF invests in a wide range of companies in the energy, metals & mining, and agriculture sectors to diversify risk and benefit from various segments of natural resources.

2. Index Replication: The fund follows a passive investment strategy by replicating the composition of the underlying index. This means that changes in the index directly influence the composition of the ETF.

3. Cost Efficiency: Due to the passive investment strategy and the structure as an ETF, the SPDR S&P Global Natural Resources ETF offers a cost-effective way for investors to invest in the global commodity sector.

Since the ETF itself does not pursue an active growth strategy, its future growth depends on the performance of the companies included in the index and general market conditions in the commodity sector.

Main raw materials: Crude oil, natural gas, metals (e.g. copper, aluminum), agricultural commodities (e.g. wheat, corn)

Main importing countries: Saudi Arabia, Russia, Australia, Brazil, Canada

The SPDR S&P Global Natural Resources ETF (GNR) invests in companies engaged in commodity and material production. These companies source their raw materials from various countries worldwide. Crude oil and natural gas are mainly imported from countries like Saudi Arabia and Russia, which are among the largest producers.

Metals such as copper and aluminum are often imported from Australia and Canada, significant exporters of these materials. Agricultural commodities like wheat and corn often come from Brazil, one of the largest exporters of agricultural products.

This diversification in raw material sourcing allows the ETF to benefit from global market trends and price movements.

Current Yield: 5.2% (2025)

Expense Ratio: 0.40% (2025)

The SPDR S&P Global Natural Resources ETF (ARCA:GNR) provides investors with access to a diversified portfolio of companies in the natural resources sector. The competitive advantage of this ETF lies in its broad diversification across various commodity sectors, including energy, metals, and agriculture.

Another advantage is the relatively low expense ratio of 0.40%, which is competitive compared to actively managed funds. The current yield of 5.2% shows that the ETF is capable of generating stable returns, which is attractive to investors seeking a combination of growth potential and income.

Additionally, the ETF benefits from global demand for natural resources driven by economic growth and infrastructure projects. This can contribute to stable performance even in volatile market phases.

Institutional Investor Share: approximately 65% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant insider transactions known (2025)

The institutional investor share in the SPDR S&P Global Natural Resources ETF (ARCA:GNR) is traditionally high, as ETFs are often held by institutional investors such as pension funds, hedge funds, and other large investors. The estimated share of 65% reflects the confidence of these investors in the stability and growth potential of the commodity sector.

Insider buys or sells are less relevant for ETFs like the SPDR S&P Global Natural Resources ETF, as it is a fund that tracks an index and is not directly influenced by company insiders. Therefore, there are usually no significant insider transactions.

Market share of SPDR S&P Global Natural Resources ETF (GNR): Estimate 5-7% (2025)

Top competitors:

1. iShares Global Materials ETF (MXI): Estimate 8-10%
2. Vanguard Materials ETF (VAW): Estimate 7-9%
3. Invesco Dynamic Building & Construction ETF (PKB): Estimate 4-6%
4. First Trust Materials AlphaDEX Fund (FXZ): Estimate 3-5%
5. VanEck Vectors Steel ETF (SLX): Estimate 2-4%

The SPDR S&P Global Natural Resources ETF (GNR) has a moderate market share in the commodity ETF sector. The market is highly fragmented as many ETFs focus on different areas within the commodity sector, such as materials, construction, or specific commodities like steel.

GNR's moat mainly lies in its broad diversification across various commodity sectors and its affiliation with the SPDR family, known for its strong brand recognition and distribution capabilities. This provides a certain advantage over more specialized ETFs that may be more affected by fluctuations in individual commodity prices.

However, some competitors, like the iShares Global Materials ETF, may have a stronger moat due to their focus on specific materials and a more targeted investment strategy that can be advantageous in certain market phases. Therefore, GNR's competitive advantage is considered moderate, while specialized ETFs in specific niche markets may have a stronger moat.

Industry Growth: 4.5% CAGR (2023-2028, estimate)

Diversification: The ETF invests in a broad range of commodity companies worldwide, which reduces risk through diversification.

Market Trends: Demand for natural resources remains high due to urbanization and infrastructure projects.

The SPDR S&P Global Natural Resources ETF (GNR) offers broad diversification across various commodity sectors, including energy, metals, and agricultural commodities. This diversification can reduce risk for investors as they are not dependent on the performance of a single commodity or sector.

Furthermore, commodity companies benefit from long-term trends such as urbanization and infrastructure development, especially in emerging markets. These trends lead to a sustained high demand for natural resources.

Another advantage of the ETF is its global focus, allowing investors to benefit from economic developments in different regions. Overall, the ETF could be an attractive option for investors interested in long-term investment in the commodity sector without having to commit to individual companies or commodities.

Dividend Yield: 3.5% (estimated for 2025)

The SPDR S&P Global Natural Resources ETF (ARCA:GNR) regularly pays out dividends. The distributions are based on the earnings from the stocks contained in the ETF, which mainly come from the energy, metals, and agriculture sectors.

The reliability of dividend payments is heavily dependent on the performance of the underlying commodity companies, which in turn are influenced by global commodity prices and economic conditions. Historically, the ETF has maintained a relatively stable dividend policy, indicating a certain level of reliability.

It is important to keep an eye on economic trends and commodity prices, as these factors can influence future dividend payments.