AFGR - ETF AI Analysis

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First Trust Active Factor Large Cap Growth ETF (AFGR)

Rating:75Outperform

Price Target:―

MMLG’s overall rating suggests it is a solid large-cap growth ETF, mainly driven by heavy exposure to leaders like Alphabet and Nvidia, which benefit from strong financial performance and long-term growth opportunities in AI and cloud computing. Other major holdings such as Microsoft, Apple, and Broadcom further support the fund with robust profitability and strategic investments in high-growth tech areas, though several of these names share a common risk of high valuations and some mixed or bearish technical signals. The main risk factor is the fund’s concentration in large technology and AI-focused companies, which can increase volatility if market sentiment toward this sector weakens.

Positive Factors

Leading Growth Companies

The ETF’s largest positions include well-known technology and internet leaders that have generally shown strong recent performance, which can help drive returns.

Focused Growth Sector Exposure

Heavy exposure to technology and communication services gives investors targeted access to fast-growing parts of the market.

Recent Short-Term Rebound

Despite being slightly negative for the year so far, the fund has shown a strong gain over the past month and a modest positive result over the last three months, suggesting improving momentum.

Negative Factors

High Expense Ratio

The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost alternatives.

Concentration in a Few Tech Giants

A significant portion of the portfolio is tied up in a small number of large technology stocks, increasing the impact if any of these companies struggle.

Mixed Performance Among Top Holdings

While several major positions have performed well, some key holdings have shown weak or negative results this year, which has weighed on overall performance.

AFGR vs. SPDR S&P 500 ETF (SPY)

AUM90.38M

RegionNorth America

Expense Ratio0.65%

Beta1.35

IssuerFirst Trust

Inception DateJul 21, 2020

Dividend YieldN/A

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume4,092

30 Day Avg. Volume5,308

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

43.76

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering73

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

AFGR Summary

The First Trust Multi-Manager Large Growth ETF (MMLG) focuses on fast-growing, large U.S. companies, mainly in technology and communication services. It doesn’t track a set index; instead, several professional managers pick stocks they believe have strong growth potential. Well-known holdings include Nvidia, Alphabet (Google), Amazon, Microsoft, and Apple. An investor might choose this ETF to seek long-term growth and to get instant diversification across many leading growth companies in one investment. However, it is heavily tilted toward tech and other growth stocks, so its price can rise and fall more sharply than the overall market.

How much will it cost me?The First Trust Multi-Manager Large Growth ETF (MMLG) has an expense ratio of 0.85%, meaning you’ll pay $8.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed, with multiple portfolio managers using diverse strategies to select growth-oriented large-cap stocks.

What would affect this ETF?The First Trust Multi-Manager Large Growth ETF (MMLG) could benefit from continued innovation and strong earnings growth in the technology sector, which makes up nearly half of its portfolio and includes top holdings like Nvidia and Microsoft. However, rising interest rates or economic slowdowns could negatively impact growth-oriented companies, particularly in sectors like technology and consumer cyclical, which are sensitive to borrowing costs and consumer spending. Additionally, regulatory changes affecting major tech firms could pose risks to the ETF's performance.

AFGR Top 10 Holdings

MMLG is leaning heavily into U.S. tech and communication giants, with Nvidia, Alphabet, and Amazon doing most of the heavy lifting as their shares keep climbing on the back of AI and cloud momentum. Apple has also been steadily pulling its weight, adding a bit of blue-chip shine. On the flip side, Meta and Microsoft have been more mixed lately, occasionally losing steam and acting as a mild brake on returns. With nearly all exposure in U.S. large-cap growth and a clear tilt toward semiconductors and Big Tech, this fund’s story is all about riding the digital and AI wave.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
GOOGL	Alphabet Class A	11.80%	$10.66M	$4.35T	108.94%	85 Outperform
NVDA	Nvidia	10.10%	$9.13M	$4.97T	46.83%	76 Outperform
AAPL	Apple	4.04%	$3.66M	$4.28T	49.39%	79 Outperform
MSFT	Microsoft	4.01%	$3.62M	$2.90T	-16.57%	79 Outperform
AVGO	Broadcom	3.96%	$3.58M	$1.82T	56.26%	76 Outperform
META	Meta Platforms	3.43%	$3.10M	$1.44T	-15.47%	76 Outperform
AMZN	Amazon	3.36%	$3.04M	$2.57T	13.84%	71 Outperform
AMAT	Applied Materials	2.36%	$2.13M	$450.37B	231.79%	77 Outperform
JNJ	Johnson & Johnson	2.03%	$1.83M	$579.83B	51.82%	78 Outperform
LRCX	Lam Research	1.96%	$1.77M	$458.72B	316.36%	77 Outperform

AFGR Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

35.51

Positive

100DMA

34.22

Positive

200DMA

34.99

Positive

Market Momentum

MACD

0.21

Positive

RSI

57.19

Neutral

STOCH

41.07

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For AFGR, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 36.50, equal to the 50-day MA of 35.51, and equal to the 200-day MA of 34.99, indicating a bullish trend. The MACD of 0.21 indicates Positive momentum. The RSI at 57.19 is Neutral, neither overbought nor oversold. The STOCH value of 41.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AFGR.

AFGR Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
AFGR	―	―	$90.38M	0.65%	75 Outperform
PRXG	―	―	$84.38M	0.36%	75 Outperform
CGGG	―	―	$79.63M	0.39%	71 Outperform
IWFG	―	―	$60.06M	0.46%	72 Outperform
EASY	―	―	$58.22M	0.85%	70 Neutral
SGRT	―	―	$54.69M	0.59%	72 Outperform

Performance Comparison

AFGR

First Trust Active Factor Large Cap Growth ETF

36.58

4.55

14.21%

PRXG

Praxis Impact Large Cap Growth ETF

―

CGGG

Capital Group U.S. Large Growth ETF

―

IWFG

IQ Winslow Focused Large Cap Growth ETF

―

EASY

Liberty One Defensive Dividend Growth ETF

―

SGRT

SMART Earnings Growth 30 ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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