State Street SPDR S&P Global Natural Resources ETF (GNR)

Global natural resource producers, weighted toward commodity-focused miners and explorers.

A direct exposure to commodity producers, offering lower entry costs despite modest profitability.

36% of GNR is its ten largest holdings.

Less concentrated than 88% of Thematic - Real Assets ETFs.

What's inside GNR: Size (Large 71%, Mid 25%, Small 4%); Geography (International 64%, US 36%).

Half of GNR's weight sits in its 18 largest positions, and once those weights are taken into account it behaves like 47 equally weighted holdings.