NYSE Arca · ETF
Invest in GUNR ETF from India
Indian and foreign residents can buy Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) units directly through Paasa.
By Paasa · Updated
GUNR at a glance
- Price
- $53.60+$0.61 (1.15%)
- Expense ratio
- 0.47%
- Day range
- $53.24 – $53.69
- Assets
- $6.9B
- Domicile
- the US
- Holdings
- 178
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -6.39%
- 6 months
- -3.82%
- YTD
- +16.17%
- 1 year
- +21.65%
- 5 years
- +39.98%
Price change, excluding dividends.
Top 10 holdings
- 1EXXONMOBIL HOLDINGS CORP COMMON STOCK USD5.6%
- 2BHP GROUP LTD COMMON STOCK AUD 05.1%
- 3NUTRIEN LTD4.8%
- 4SHELL PLC4.2%
- 5CHEVRON CORP COMMON STOCK USD 0.753.8%
- 6ARCHER-DANIELS-MIDLAND CO COMMON STOCK USD 03.6%
- 7TOTALENERGIES SE COMMON STOCK EUR 2.52.7%
- 8RIO TINTO PLC COMMON STOCK GBP 102.2%
- 9AGNICO EAGLE MINES LTD COMMON STOCK CAD 02.0%
- 10NEWMONT CORP COMMON STOCK USD 1.62.0%
GUNR holds 178 securities in total. These 10 are 36.0% of the fund.
Where the money is invested
Sectors
- Basic Materials46.8%
- Energy33.0%
- Consumer Defensive11.3%
- Utilities5.3%
- Real Estate0.9%
- Industrials0.1%
Countries
- United States32.2%
- Canada18.4%
- United Kingdom12.2%
- Australia7.3%
- Norway3.9%
- Brazil3.8%
How to invest in GUNR from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search GUNR and buy
Find the fund by its ticker, GUNR, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in GUNR from India
What GUNR holds
This fund is tailored for investors looking to capitalize on a wide interpretation of global real assets. The FlexShares Morningstar Global Upstream Natural Resources Index Fund strives to mirror the total return, encompassing both capital appreciation and income, of the Morningstar Global Upstream Natural Resources Index, prior to accounting for any charges or expenses.
Hold a dollar asset
GUNR is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one GUNR unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy GUNR from India?
Yes. Indian residents can buy Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does GUNR invest in?
Northern Trust Morningstar Global Upstream Natural Resources ETF holds 178 securities. Its largest holdings are EXXONMOBIL HOLDINGS CORP COMMON STOCK USD (5.6%), BHP GROUP LTD COMMON STOCK AUD 0 (5.1%) and NUTRIEN LTD (4.8%). Basic Materials is its largest sector at 46.8%. It is a distributing fund domiciled in the US.
What is the expense ratio of GUNR?
Northern Trust Morningstar Global Upstream Natural Resources ETF has an expense ratio of 0.47% a year, taken from the fund's assets rather than billed to you. The fund manages about $6.9B.
How are GUNR dividends taxed in India?
Northern Trust Morningstar Global Upstream Natural Resources ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell GUNR?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one GUNR unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $53.60, and there is no minimum trade size.
What happens to my GUNR units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.