MGNR - ETF AI Analysis
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American Beacon GLG Natural Resources ETF (MGNR)
Rating:56Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, indicating that its strategy has recently been working well for investors.
Leading Holdings Showing Solid Momentum
Several of the largest positions, including Teck Resources, Hudbay Minerals, ArcelorMittal, Darling Ingredients, and Vista Energy, have posted strong performance, helping drive the fund’s overall results.
Focused Exposure to Natural Resources Sectors
Heavy allocations to materials and energy provide targeted exposure to companies that can benefit when commodity and natural resource markets are strong.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high, which means more of the returns are used to cover fees instead of going to investors.
Sector Concentration Risk
With most assets in materials and energy, the ETF is vulnerable to downturns in commodity-related industries.
Mixed Performance Among Top Holdings
Some key positions, such as Smurfit Westrock and Equinox Gold, have shown weaker recent performance, which can create more volatility in the fund’s returns.
MGNR vs. SPDR S&P 500 ETF (SPY)
AUM853.20M
RegionGlobal
Expense Ratio0.75%
Beta1.02
IssuerAmerican Beacon
Inception DateFeb 06, 2024
Dividend Yield1.11%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume92,475
30 Day Avg. Volume106,039
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
63.41Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering46
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MGNR Summary
The American Beacon GLG Natural Resources ETF (MGNR) is a sector-focused fund that invests in companies tied to natural resources instead of tracking a traditional index. It mainly holds materials and energy businesses involved in mining, oil and gas, and related activities. Well-known names include Teck Resources and ArcelorMittal. Someone might invest in MGNR to gain growth potential from rising demand for commodities and to diversify beyond regular stock market sectors. However, this ETF can be volatile and may rise or fall sharply with changes in commodity prices and global economic conditions.
How much will it cost me?The expense ratio for the American Beacon GLG Natural Resources ETF (MGNR) is 0.75%, which means you’ll pay $7.50 per year for every $1,000 invested. This is higher than the average for ETFs because it is actively managed and focuses on a specialized sector, which typically involves more research and management costs.
What would affect this ETF?The MGNR ETF could benefit from rising global demand for natural resources, driven by economic growth, technological advancements, and the transition to renewable energy. However, it may face challenges from fluctuating commodity prices, regulatory changes in mining and energy sectors, and geopolitical tensions that impact resource supply chains.
MGNR Top 10 Holdings
MGNR is leaning heavily into classic natural resources, with materials and energy names steering the ship and a global mix spanning North and Latin America to Europe and Africa. Bloom Energy has been the star of the show lately, powering ahead and giving the fund a clean-tech spark, while Methanex, Teck Resources, and Vista Energy are steadily adding fuel to returns. Darling Ingredients has also been quietly supportive. On the flip side, Smurfit Westrock and gold plays like Equinox Gold have been losing steam, acting as mild brakes on overall performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Teck Resources | 4.19% | $35.32M | $32.05B | 72.24% | ― | |
| Hudbay Minerals | 4.01% | $33.82M | $10.54B | 195.33% | 76 Outperform | |
| Smurfit Westrock | 3.98% | $33.56M | $19.89B | -11.69% | 69 Neutral | |
| Anglogold Ashanti PLC | 3.74% | $31.50M | $45.77B | 126.19% | 73 Outperform | |
| ArcelorMittal | 3.72% | $31.38M | $50.41B | 119.38% | 71 Outperform | |
| Equinox Gold | 3.55% | $29.96M | C$13.98B | 89.77% | 73 Outperform | |
| Range Resources | 3.42% | $28.83M | $9.67B | 0.60% | 78 Outperform | |
| Kinross Gold | 3.38% | $28.50M | $35.41B | 103.24% | ― | |
| Darling Ingredients | 3.36% | $28.37M | $9.31B | 83.46% | 69 Neutral | |
| Vista Energy SAB de CV | 3.36% | $28.33M | $7.08B | 51.16% | 76 Outperform |
MGNR Technical Analysis
Positive
―
Price Trends
52.56
Positive
51.37
Positive
45.65
Positive
Market Momentum
0.13
Positive
51.30
Neutral
51.86
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MGNR, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 53.74, equal to the 50-day MA of 52.56, and equal to the 200-day MA of 45.65, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 51.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGNR.
MGNR Peer Comparison
Comparison Results
Performance Comparison
MGNR
American Beacon GLG Natural Resources ETF
53.59
22.74
73.71%
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BITQ
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CCNR
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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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