Overview
The global materials sector complete — industrial gases, miners, chemicals and gold producers across 113 names from the S&P Global 1200.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| LIN | Linde plc | 7.9% |
| BHP | BHP Group | 6.6% |
| AI | Air Liquide | 4.2% |
| NEM | Newmont | 3.9% |
| FCX | Freeport-McMoRan | 3.2% |
| RIO | Rio Tinto Group | 3.0% |
| AEM | Agnico Eagle Mines | 3.0% |
| SHW | Sherwin-Williams | 2.6% |
| ECL | Ecolab | 2.5% |
| 4063 | Shin-Etsu Chemical | 2.3% |
Fund Details
Investment Thesis
The balanced way to own the materials supercycle: Linde and Air Liquide's quasi-monopoly industrial gases anchor the book while the miners and gold producers provide the commodity torque — +18% with both engines contributing. Unlike pure mining funds, MXI's chemicals-and-gases half compounds through every cycle, making it the materials allocation that doesn't require timing the metals.
Who It's For
Sector allocators who want global materials exposure with built-in balance — monopoly gases for stability, miners for the cycle, in one fund.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $54.83 | -- |
| 2017 | $70.08 | +27.8% |
| 2018 | $57.37 | -18.1% |
| 2019 | $67.49 | +17.6% |
| 2020 | $81.41 | +20.6% |
| 2021 | $90.46 | +11.1% |
| 2022 | $78.66 | -13.0% |
| 2023 | $87.26 | +10.9% |
| 2024 | $77.70 | -11.0% |
| 2025 | $96.64 | +24.4% |
| Year | Yield |
|---|---|
| 2016 | 1.97% |
| 2017 | 1.97% |
| 2018 | 2.54% |
| 2019 | 3.86% |
| 2020 | 1.39% |
| 2021 | 3.55% |
| 2022 | 4.55% |
| 2023 | 3.10% |
| 2024 | 3.04% |
| 2025 | 2.23% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $0.2B | +0.0% |
| 2018 | $0.2B | +0.0% |
| 2019 | $0.2B | +0.0% |
| 2020 | $0.3B | +50.0% |
| 2021 | $0.3B | +0.0% |
| 2022 | $0.3B | +0.0% |
| 2023 | $0.3B | +0.0% |
| 2024 | $0.3B | +0.0% |
| 2025 | $0.4B | +33.3% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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