IQ Global Resources ETF
GRES
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- IQ Global Resources ETF (GRES) is an exchange-traded fund that seeks investment results corresponding to the price and yield performance, before fees and expenses, of the IQ Global Resources Index. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities comprising the index, which employs momentum and valuation factors to select global companies operating in commodity-specific market segments including livestock, precious metals, grains, food and fiber, energy, industrial metals, timber, water, and coal; it also incorporates short exposure to global equities as a partial hedge. Sector allocations emphasize basic materials (38.36%), energy (28.58%), and consumer defensive (25.94%), with holdings such as cash (99.70%), Great British Pound (0.11%), and Australian Dollar (0.06%) reflecting its diversified global equity approach across developed markets, including the United States. Launched on October 26, 2009, by IndexIQ ETF Trust and domiciled in the United States, the ETF is managed by IndexIQ Advisors LLC, with administration, custody, and transfer agency services provided by The Bank of New York Mellon Corporation and distribution by ALPS Distributors, Inc.. The fund targets investors seeking exposure to natural resources and commodity producers through a blended development level strategy focused on the global natural resources sector. As of late 2025, assets under management stand at $27.03 million, with a net expense ratio of 0.30%, average daily volume of 6,305.70 shares, and trading on NYSE Arca. In September 2021, the fund underwent significant strategic enhancements, including a shift to a 100% long-only structure by eliminating short positions, adoption of a tiered sector weighting (30% each for energy, metals, and agriculture; 5% each for water and timber), removal of coal exposure for improved climate alignment, and a management fee reduction from 75 basis points to 30 basis points. Although IndexIQ announced plans in October 2023 to liquidate GRES alongside other ETFs, the fund continues active trading as of December 2025, with recent share prices around $32.75 and ongoing market presence on platforms like Bloomberg and Robinhood. The ETF maintains its focus on commodity-related equities without reported recent acquisitions, partnerships, funding rounds, or further reorganizations beyond the 2021 updates.