ETF Evaluator: iShares North American Natural Res ETF (IGE) Follow This ETF

iShares North American Natural Res ETF Overview

iShares North American Natural Res ETF (IGE) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). iShares launched the ETF in 2001.

The investment seeks to track the investment results of the S&P North American Natural Resources Sector Index composed of North American equities in the natural resources sector. The fund generally invests at least 80% of its assets in the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index measures the performance of U.S.-traded stocks of natural resource-related companies in the U.S. and Canada.

About iShares North American Natural Res ETF (IGE)

There are 4 members of the management team with an average tenure of 4.34 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P Global BMI TR USD index with a weighting of 100% and S&P North American Natural Resources TR index with a weighting of 100%. iShares North American Natural Res ETF has 156 securities in its portfolio. The top 10 holdings constitute 40.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares North American Natural Res ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares North American Natural Res ETF has 27.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 72.5% There is 27.2% 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). iShares North American Natural Res ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $707 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.

IGE 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 iShares North American Natural Res ETF expense ratio is below average compared to funds in the Natural Resources category. iShares North American Natural Res ETF has an expense ratio of 0.39%, which is 27% 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. iShares North American Natural Res ETF has a portfolio turnover rate of 12%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Natural Resources category.

Recently, in the month of June 2026, iShares North American Natural Res ETF returned -6.2%, which earned it a grade of C, as the Natural Resources category had an average return of -7.3%. 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.

iShares North American Natural Res ETF has a trailing yield of 2.11%, which is below the 2.28% category average. The fund normally distributes its income quarterly and its capital gains 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.

iShares North American Natural Res ETF Grades

Year to date, the ETF has returned 12.9%, 4.5 percentage points better than the category, which translates into a grade of B. The fund has returned 29.8% over the past year (grade of C), 15.9% over the past three years (grade of B) and 16.2% per year over the past five years (grade of A) and 8.6% per year over the past 10 years (grade of F).

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