At a glance
CCNR charges 0.39% a year, below the 0.48% average of the 6 funds most like it (the 2nd cheapest of 7). It has $427.5M in assets, the 7th largest of that group; it paid 2.96% of its price in distributions over the past 12 months, annual. Over the past year it returned +25.9% with distributions reinvested (S&P 500: +11.5%), 5th of those 7 funds. Its ten largest positions make up 10.5% of the fund, out of 310 in all.
The short version
ALPS | CoreCommodity Natural Resources ETF (CCNR) is an actively managed fund. It holds stocks of about 310 energy, farming, metals and mining companies around the world, chosen by sub-adviser CoreCommodity Management instead of copied from an index. It spreads its money thinly: as of July 31, 2026, its largest stake was about 1.2%. It costs 0.39% a year, which is below the 0.48% average of similar funds.
Price history
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CCNR +25.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| CCNR official prospectus, to Dec 31, 2025 | — | +46.57% | — | — | — | +24.09% |
| Bloomberg US 1000 Total Return Index (reflects no deduction for fees, expenses or taxes) index, same period | — | +17.51% | — | — | — | +15.74% |
| Index22 index, same period | — | +15.77% | — | — | — | +10.87% |
| CCNR price data to Oct 27, 2026 | +17.5% | +25.9% | — | — | — | +22.2% |
- Over the year to Oct 27, 2026, CCNR returned +25.9%, 5th of 7 among similar funds.
- Its worst full calendar year was 2025 (+46.5%); its best was 2025 (+46.5%).
- The deepest fall in its price history was 20% (Oct 7, 2024 to Apr 8, 2025), recovered by Jun 9, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +17.5% | — |
| 2025 | +46.5% | +46.57% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $1.1400 |
What's inside
As of Jul 31, 2026, the fund held 310 securities; the ten largest made up 10.54% of assets.
| Holding | Weight | |
|---|---|---|
| Bhp Group Ltd | 1.19% | |
| Murphy Oil Corp | 1.18% | |
| Boliden Ab | 1.15% | |
| Inpex Corp | 1.11% | |
| Equinor Asa | 1.04% | |
| Baytex Energy Corp | 1.01% | |
| Eog Resources Inc | 0.98% | |
| Nutrien Ltd | 0.97% | |
| Yara International Asa | 0.96% | |
| Corteva Inc | 0.96% | |
| Eni Spa | 0.95% | |
| Northland Power Inc | 0.95% | |
| Kurita Water Industries Ltd | 0.93% | |
| Saipem Spa | 0.93% | |
| Fortescue Ltd | 0.91% |
By country
United States 28.52%Canada 18.22%Australia 10.67%Japan 9.28%Norway 4.88%By asset type
Stocks 99.91%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $61.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.17%, -10.00%, +3.14%.
How it works
The fund aims to "maximize real returns," meaning returns after inflation. It puts at least 80% of its net assets into natural resources companies. These are firms that get at least half their revenue or assets from owning, exploring or developing natural resources, or from supplying the companies that do. The prospectus sets target ranges for four groups: energy 30–50% (oil, gas, pipelines, utilities, uranium, wind and solar), agriculture 20–40% (seeds, fertilizers, water, timber and packaging), base metals and minerals 10–30% (copper, iron ore, lithium and steel), and precious metals 0–20%.
No index decides what it owns. CoreCommodity uses a quantitative approach, meaning computer models. These combine a "top-down" look at commodities and the economy with a "bottom-up" study of each company and the commodities it produces. The manager sells a stock when the reason for buying it no longer holds, when the business weakens, or when the price looks full. When it buys, it can put no more than 5% in any one company. It may own companies of any size and any number of foreign and emerging-market stocks.
As of July 31, 2026, the top 10 holdings made up just 10.54% of the fund. The largest were BHP Group, Murphy Oil, Boliden, Inpex and Equinor. US stocks were 28.5%, Canada 18.2%, Australia 10.7% and Japan 9.3%. Turnover was 137%, so the fund trades heavily. It held ordinary stocks and no derivatives.
What it really costs
- CCNR charges 0.39% a year, versus an average of 0.48% for the similar funds below (2nd of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $40 in the first year and $— over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| CCNR | $40 | $125 | $— | $— |
In a retirement portfolio
The fund aims to beat inflation by owning companies that produce energy, food and metals, but its history is too short to show how it holds up in a crisis.
CCNR could add companies whose profits often rise with commodity prices, which fits its goal of beating inflation. Its record is short. It launched on July 10, 2024, so it missed the 2008, 2020 and 2022 downturns. Its only full calendar year, 2025, returned 46.57%. Its deepest drop was 20%, from October 7, 2024 to April 8, 2025. It recovered by June 9, 2025, about two months later. Commodity-linked stocks tend to react strongly to economic slowdowns, so someone who may need to sell in a bad year has little history to judge this fund by. As of October 27, 2026, the trailing yield was 2.96%, paid once a year. That makes it uneven as a source of income. The SEC's standard example puts costs at $40 in the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting broad natural resources exposure across energy, agriculture and metals, with 310 stocks and no single holding above 1.2% as of July 31, 2026.
- Cost-conscious investors: its 0.39% annual expense ratio is below the 0.48% peer average; the SEC example shows $40 in costs over one year on $10,000.
- Investors seeking a side holding that aims to maximize real (after-inflation) returns; the trailing yield was 2.96% as of October 27, 2026.
Look elsewhere if
- Those wanting a long track record: launched July 2024, it has 2.3 years of history and wasn't around for the 2008, 2020 or 2022 sell-offs.
- Anyone uneasy with commodity-driven swings: it fell 20% from October 2024 to April 2025, and the 46.57% gain in 2025 may not repeat.
- Investors preferring a plain index fund or frequent income: CoreCommodity runs it actively with quantitative models, turnover was 137%, and payouts are annual.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| CCNR this fund | — | 0.39% | $427.5M | +25.9% | — |
| GUNR FlexShares Morningstar Global Upstream Natu… | 20% | 0.46% | $7.24B | +26.3% | +14.9% |
| NANR SPDR S&P North American Natural Resources E… | 18% | 0.35% | $735.5M | +40.6% | +22.6% |
| GNR SPDR S&P Global Natural Resources ETF | 16% | 0.4% | $4.48B | +31.7% | +16.3% |
| GDXJ VanEck Junior Gold Miners ETF | 9% | 0.52% | $7.08B | +15.8% | +46.9% |
| COPX Global X Copper Miners ETF | 8% | 0.65% | $7.34B | +29.0% | +34.1% |
| GDX VanEck Gold Miners ETF | 8% | 0.51% | $22.75B | +10.6% | +42.6% |
Questions investors ask
Is CCNR an index fund?
No. CCNR is actively managed by sub-adviser CoreCommodity Management, which uses computer models to pick natural resources stocks. It keeps within set ranges: 30–50% energy, 20–40% agriculture, 10–30% base metals and minerals, and up to 20% precious metals. It can put no more than 5% in any one company when it buys. Turnover was 137%, so the manager trades often, much more than a typical index fund.
Does CCNR pay dividends?
Yes, once a year. As of October 27, 2026, CCNR paid $1.14 per share over the trailing 12 months, a yield of 2.96%. Because the payout comes in one annual distribution rather than monthly or quarterly, it may not suit someone who relies on regular cash from each holding. The amount can change from year to year with the profits and dividends of the energy, farming and mining companies it owns.
What's the difference between CCNR and GUNR?
GUNR, the FlexShares Morningstar Global Upstream Natural Resources Index Fund, follows an index. CCNR is actively managed. GUNR shares the most holdings with CCNR, but only about 20%. CCNR charges 0.39% a year against GUNR's 0.46%. GUNR is far larger, with $7.24 billion in net assets against CCNR's $427 million as of July 31, 2026. One-year returns were close as of October 27, 2026: 26.3% for GUNR and 25.9% for CCNR.
What are CCNR's top holdings?
As of July 31, 2026, the largest holdings were mining company BHP Group (1.19%), Murphy Oil (1.18%), Swedish miner Boliden (1.15%), Japan's Inpex (1.11%) and Norway's Equinor (1.04%). Baytex Energy, EOG Resources, fertilizer makers Nutrien and Yara, and seed company Corteva completed the top 10. Together, the top 10 made up only 10.54% of the fund, which held about 310 stocks.
How has CCNR performed since it launched?
Strongly, but over a short period. In 2025, its first full year, CCNR returned 46.57%, compared with 17.51% for the Bloomberg US 1000 Total Return Index, a broad measure of large US stocks. From its July 2024 launch through December 31, 2025, it averaged 24.09% a year. As of October 27, 2026, it was up 25.9% over one year and 17.5% year to date. Its deepest drop so far was 20%.