# Portfolio overlap — IGNIX vs GUNR

Comparing **Nomura Natural Resources Fund** (2026-03-31) and **FlexShares Morningstar Global Upstream Natural Resources Index Fund** (2026-01-31).

- Shared positions: 16
- Nomura Natural Resources Fund covered by FlexShares Morningstar Global Upstream Natural Resources Index Fund: 0.2476192256040351988980264646
- FlexShares Morningstar Global Upstream Natural Resources Index Fund covered by Nomura Natural Resources Fund: 0.2476192256040351988980264646

## Nomura Natural Resources Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| STEEL DYNAMICS INC | 0.040340 |  |
| NUTRIEN LTD | 0.039235 | ✓ |
| DIAMONDBACK ENERGY INC | 0.039071 | ✓ |
| NEWMONT CORP | 0.036794 | ✓ |
| COMMSTCK | 0.035108 |  |
| CORE NATURAL RESOURCES INC | 0.033728 |  |
| CONOCOPHILLIPS | 0.032857 | ✓ |
| GLENCORE PLC | 0.032022 | ✓ |
| SHELL PLC | 0.029775 | ✓ |
| CAN NATURAL RES | 0.029399 | ✓ |
| ANGLO AMER PLC | 0.028044 | ✓ |
| HUDBAY MINERALS | 0.026680 |  |
| ALCOA CORP | 0.026312 |  |
| INTL PAPER CO | 0.025137 |  |
| BUNGE GLOBAL SA | 0.024097 | ✓ |
| CRH PLC | 0.024070 |  |
| AGNICO EAGLE MINES LTD | 0.024011 | ✓ |
| ARC RESOURCES LTD | 0.023904 |  |
| PERMIAN RESOURCES CORP CL A | 0.023712 |  |
| WEST FRASER TIMB | 0.023672 | ✓ |
| VALERO ENERGY CORP | 0.023451 |  |
| COEUR MINING INC | 0.023354 |  |
| CORTEVA INC | 0.023081 | ✓ |
| PEABODY ENERGY CORP | 0.021265 |  |
| KIMBELL ROYALTY PARTNERS LP 0.00000000 | 0.020897 |  |
| CF INDUSTRIES HOLDINGS INC | 0.020603 | ✓ |
| SMURFIT WESTROCK PLC | 0.019328 |  |
| ARCOSA INC | 0.019227 |  |
| HELMERICH & PAYN | 0.019133 |  |
| OVINTIV INC | 0.018906 |  |
| TECK RESOURCES-B | 0.017574 | ✓ |
| SLB LTD | 0.017440 |  |
| CHORD ENERGY CORP | 0.016907 |  |
| EXPAND ENERGY CORP | 0.015838 | ✓ |
| BARRICK MINING CORP | 0.014969 | ✓ |
| WEATHERFORD INTERNATIONAL PLC | 0.012724 |  |
| ELDORADO GOLD | 0.012356 |  |
| Unit Corporation | 0.012330 |  |
| JBS NV, Class A | 0.011983 |  |
| LOUISIANA PACIFIC CORP | 0.010403 |  |
| BlackRock Liquidity FedFund - Institutional Class | 0.010301 |  |
| MONEYMKT | 0.010301 |  |
| MSILF-GOVT-INS | 0.010301 |  |
| MONEYMKT | 0.010301 |  |
| TITAN SA | 0.009062 |  |

## FlexShares Morningstar Global Upstream Natural Resources Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| EXXON MOBIL CORP | 0.051459 |  |
| CORTEVA INC | 0.047122 | ✓ |
| CHEVRON CORP | 0.040059 |  |
| NUTRIEN LTD | 0.038758 | ✓ |
| BHP GROUP LTD | 0.035864 |  |
| SHELL PLC | 0.034627 | ✓ |
| ARCHER DANIELS MIDLAND CO | 0.029148 |  |
| NEWMONT CORP | 0.024326 | ✓ |
| AGNICO EAGLE MINES LTD | 0.022975 | ✓ |
| TOTALENERGIES SE | 0.022752 |  |
| RIO TINTO PLC | 0.021962 |  |
| BARRICK MINING CORP | 0.018605 | ✓ |
| TYSON FOODS INC CL A | 0.016715 |  |
| FREEPORT MCMORAN INC | 0.016100 |  |
| BP PLC | 0.015283 |  |
| CONOCOPHILLIPS | 0.014687 | ✓ |
| BUNGE GLOBAL SA | 0.014612 | ✓ |
| WHEATON PRECIOUS METALS CORP | 0.014215 |  |
| GLENCORE PLC | 0.014059 | ✓ |
| CF INDUSTRIES HOLDINGS INC | 0.013564 | ✓ |
| MUYUAN FOODS C-A | 0.013261 |  |
| VALE SA | 0.012915 |  |
| INDUSTRIES QATAR | 0.012118 |  |
| CAN NATURAL RES | 0.011851 | ✓ |
| MOWI ASA | 0.011529 |  |
| CAMECO CORP | 0.011446 |  |
| AMERICAN WATER WRKS COMPANY | 0.011342 |  |
| ANGLO AMER PLC | 0.010894 | ✓ |
| GOLD FIELDS LTD | 0.010804 |  |
| SUNCOR ENERGY INC | 0.010188 |  |
| FRANCO-NEVADA CORP | 0.010176 |  |
| KINROSS GOLD CORP | 0.009347 |  |
| SABIC AGRI | 0.008947 |  |
| QINGHAI SALT-A | 0.008818 |  |
| YARA INTL ASA | 0.008216 |  |
| Treasury Repurchase Agreement | 0.007980 |  |
| MOSAIC CO/THE | 0.007960 |  |
| WEYERHAEUSER CO | 0.007521 |  |
| GRUPO MEXICO-B | 0.007520 |  |
| SABESP | 0.007413 |  |
| ZIJIN MINING-A | 0.007280 |  |
| The Bank Of Nova Scotia, Toronto | 0.007254 |  |
| UPM-KYMMENE OYJ | 0.007251 |  |
| EOG RESOURCES INC | 0.007108 |  |
| NORTHERN STAR RE | 0.006821 |  |
| UNITED UTILITIES | 0.006606 |  |
| SAUDI ARABIAN OI | 0.006291 |  |
| ENI SPA | 0.006128 |  |
| SAUDI ARABIAN MI | 0.006076 |  |
| SEVERN TRENT | 0.005938 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-022027` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/883622/000094040026022027/0000940400-26-022027-index.htm>
- N-PORT (fund B) — accession `0002071691-26-006216` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1491978/000207169126006216/0002071691-26-006216-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_