MGNR - ETF AI Analysis

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American Beacon GLG Natural Resources ETF (MGNR)

Rating:55Neutral

Price Target:―

The American Beacon GLG Natural Resources ETF (MGNR) has a balanced overall rating, reflecting both strengths and challenges within its holdings. Strong contributors like Range Resources (RRC), with its robust cash flow and operational efficiency, and EQT, benefiting from strategic achievements and a bullish trend, positively impact the fund's performance. However, weaker holdings such as Equinox Gold (TSE:EQX), which faces high costs and valuation concerns, and Antero Resources (AR), with its high leverage and revenue volatility, may have tempered the overall score. The fund's concentration in natural resources adds potential risk due to the sector's inherent volatility.

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)

AUM354.32M

RegionGlobal

Expense Ratio0.75%

Beta1.11

IssuerAmerican Beacon

Inception DateFeb 06, 2024

Dividend Yield0.93%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume55,370

30 Day Avg. Volume59,156

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

49.27

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering48

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

The MGNR ETF is heavily concentrated in the natural resources sector, with a strong tilt toward materials and energy stocks. Gold miners like Anglogold Ashanti and Equinox Gold are shining bright, benefiting from rising gold prices and robust production, while Hudbay Minerals and Teck Resources are lagging, weighed down by operational challenges and recent volatility in base metals. Energy names like Range Resources and EQT are steady contributors, supported by stable cash flows in the oil and gas space. With its global exposure, the fund is riding the waves of commodity cycles but remains vulnerable to sector-specific risks.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
HBM	Hudbay Minerals	4.84%	$15.82M	$6.93B	97.74%	72 Outperform
EQX	Equinox Gold	4.44%	$14.50M	C$15.14B	145.07%	71 Outperform
TECK	Teck Resources	4.43%	$14.49M	$22.02B	0.24%	―
RRC	Range Resources	4.21%	$13.76M	$9.38B	17.33%	78 Outperform
KGC	Kinross Gold	3.87%	$12.64M	$33.02B	179.79%	―
AU	Anglogold Ashanti PLC	3.78%	$12.35M	$41.62B	230.73%	73 Outperform
AR	Antero Resources	3.36%	$10.97M	$11.34B	18.20%	67 Neutral
BG	Bunge Global	2.97%	$9.72M	$18.10B	11.46%	74 Outperform
EQT	EQT	2.78%	$9.10M	$37.87B	40.04%	81 Outperform
CDE	Coeur Mining	2.68%	$8.75M	$10.19B	138.50%	70 Outperform

MGNR Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

41.67

Positive

100DMA

39.39

Positive

200DMA

35.15

Positive

Market Momentum

MACD

0.66

Positive

RSI

58.66

Neutral

STOCH

27.17

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 43.10, equal to the 50-day MA of 41.67, and equal to the 200-day MA of 35.15, indicating a bullish trend. The MACD of 0.66 indicates Positive momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 27.17 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
MGNR	―	―	$354.32M	0.75%	―
BKGI	―	―	$402.27M	0.55%	―
CCNR	―	―	$378.97M	0.39%	―
ALAI	―	―	$292.07M	0.55%	―
WGMI	―	―	$207.08M	0.75%	―
TMAT	―	―	$196.53M	0.85%	―

Performance Comparison

MGNR

American Beacon GLG Natural Resources ETF

43.76

14.54

49.76%

BKGI

BNY Mellon Global Infrastructure Income ETF

―

CCNR

CoreCommodity Natural Resources ETF

―

ALAI

Alger AI Enablers & Adopters ETF

―

WGMI

Valkyrie Bitcoin Miners ETF

―

TMAT

Main Thematic Innovation 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.

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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