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MGNR - ETF AI Analysis
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American Beacon GLG Natural Resources ETF (MGNR)
Rating:57Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several of the largest positions, such as Kinross Gold and Anglogold Ashanti, have delivered strong year-to-date performance, contributing positively to the fund's returns.
Sector Focus on Materials and Energy
The ETF's heavy allocation to materials and energy sectors has benefited from favorable market conditions in these industries.
Healthy Year-to-Date Performance
The fund has shown strong year-to-date performance, indicating positive momentum for investors.
Negative Factors
High Concentration in Materials
Nearly half of the fund is allocated to the materials sector, which increases vulnerability to sector-specific downturns.
Geographic Overweight in the U.S.
With over 77% of its exposure in U.S. companies, the fund is less diversified geographically and more sensitive to U.S. market risks.
Relatively High Expense Ratio
The ETF's expense ratio is higher than many similar funds, which could reduce net returns for investors over time.
MGNR vs. SPDR S&P 500 ETF (SPY)
AUM511.63M
RegionGlobal
Expense Ratio0.75%
Beta1.09
IssuerAmerican Beacon
Inception DateFeb 06, 2024
Dividend Yield1.05%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume158,846
30 Day Avg. Volume76,707
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
53.20Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering51
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MGNR Summary
The American Beacon GLG Natural Resources ETF (MGNR) is an investment fund focused on companies in the natural resources sector, including materials like minerals, oil, gas, and renewable resources. It holds well-known companies such as Teck Resources and Kinross Gold, offering exposure to industries essential to global economic growth. This ETF could be a good choice for investors looking to diversify their portfolios or benefit from the long-term demand for natural resources. However, new investors should note that its performance can be volatile, as it depends heavily on 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 riding a powerful wave in global materials, with gold names like Kinross, Anglogold, and Hecla doing much of the heavy lifting as they trend higher and give the fund a clear precious-metals tilt. Hudbay and Equinox add to the mining momentum, keeping the portfolio firmly anchored in the natural resources story rather than broad equities. On the softer side, Range Resources has been more of a steady-to-lagging passenger than a driver, while Bunge and Methanex provide a more balanced, diversified link to global commodities beyond metals.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Hudbay Minerals | 4.81% | $21.13M | $10.41B | 227.84% | 76 Outperform | |
| Teck Resources | 4.65% | $20.43M | $27.61B | 38.15% | ― | |
| Kinross Gold | 4.43% | $19.46M | $45.79B | 242.36% | ― | |
| Equinox Gold | 4.21% | $18.51M | C$17.95B | 187.25% | 73 Outperform | |
| Anglogold Ashanti PLC | 4.03% | $17.71M | $55.25B | 306.32% | 73 Outperform | |
| Range Resources | 3.36% | $14.78M | $8.47B | -2.26% | 78 Outperform | |
| Bunge Global | 3.07% | $13.52M | $22.46B | 47.40% | 66 Neutral | |
| Hecla Mining Company | 3.01% | $13.23M | $18.97B | 395.26% | 74 Outperform | |
| Methanex | 2.91% | $12.81M | $3.63B | -4.15% | ― | |
| ArcelorMittal | 2.86% | $12.58M | $41.14B | 126.88% | 71 Outperform |
MGNR Technical Analysis
Positive
―
Price Trends
45.10
Positive
42.60
Positive
37.50
Positive
Market Momentum
1.78
Negative
57.31
Neutral
67.32
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 48.20, equal to the 50-day MA of 45.10, and equal to the 200-day MA of 37.50, indicating a bullish trend. The MACD of 1.78 indicates Negative momentum. The RSI at 57.31 is Neutral, neither overbought nor oversold. The STOCH value of 67.32 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
48.98
18.07
58.46%
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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.
Disclaimer
This 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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