ETF Evaluator: State Street® SPDR® S&P® NrthAmNtrlRsETF (NANR) Follow This ETF

State Street® SPDR® S&P® NrthAmNtrlRsETF Overview

State Street® SPDR® S&P® NrthAmNtrlRsETF (NANR) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2015.

The investment seeks to track the performance of the S&P BMI North American Natural Resources Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index comprises publicly traded U.S. and Canadian companies in the natural resources and commodities businesses that meet certain investability requirements and are classified within the subindustries of one of three natural resources categories: energy, metals & mining, or agriculture. The fund is non-diversified.

About State Street® SPDR® S&P® NrthAmNtrlRsETF (NANR)

There are 3 members of the management team with an average tenure of 7.57 years: Emiliano Rabinovich (2017), Olga Winner (2024) and Karl Schneider (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI IMI NR USD index with a weighting of 100% and S&P BMI North American Natl Res NR USD index with a weighting of 100%. State Street® SPDR® S&P® NrthAmNtrlRsETF has 214 securities in its portfolio. The top 10 holdings constitute 39.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

State Street® SPDR® S&P® NrthAmNtrlRsETF is part of the Equity global asset class and is within the Sector Equity ETF group. State Street® SPDR® S&P® NrthAmNtrlRsETF has 29.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 70.8% There is 29.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street® SPDR® S&P® NrthAmNtrlRsETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $757 million in total assets, which is below the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NANR Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street® SPDR® S&P® NrthAmNtrlRsETF expense ratio is below average compared to funds in the Natural Resources category. State Street® SPDR® S&P® NrthAmNtrlRsETF has an expense ratio of 0.35%, which is 34% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street® SPDR® S&P® NrthAmNtrlRsETF has a portfolio turnover rate of 21%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Natural Resources category.

Recently, in the month of July 2026, State Street® SPDR® S&P® NrthAmNtrlRsETF returned 6.3%, which earned it a grade of A, as the Natural Resources category had an average return of -2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

State Street® SPDR® S&P® NrthAmNtrlRsETF has a trailing yield of 1.76%, which is below the 2.30% category average. The fund normally distributes its income semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

State Street® SPDR® S&P® NrthAmNtrlRsETF Grades

Year to date, the ETF has returned 19.2%, 12.7 percentage points better than the category, which translates into a grade of A. The fund has returned 42.3% over the past year (grade of B), 15.5% over the past three years (grade of B) and 17.5% per year over the past five years (grade of A) and 11.5% per year over the past 10 years (grade of B).

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