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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 Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating solid momentum in its natural resources holdings.
Top Holdings Performing Well
Most of the largest positions, including several mining and materials companies, have delivered strong year-to-date returns that support the fund’s overall results.
Meaningful Global Diversification
While the fund is mostly U.S.-focused, it also holds companies from Canada, Europe, and Asia, adding some international diversification to the portfolio.
Negative Factors
High Sector Concentration
Nearly all assets are tied to materials and energy companies, so the fund is heavily exposed to swings in commodity and natural resource markets.
Above-Average Expense Ratio
The fund’s fee is relatively high for an ETF, which can gradually reduce investors’ net returns over time.
Limited Country Diversification
With the large majority of assets in U.S. stocks, the fund offers less protection if the U.S. market or economy weakens.
MGNR vs. SPDR S&P 500 ETF (SPY)
AUM671.40M
RegionGlobal
Expense Ratio0.75%
Beta1.11
IssuerAmerican Beacon
Inception DateFeb 06, 2024
Dividend Yield1.03%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume92,453
30 Day Avg. Volume131,896
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
58.32Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering49
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MGNR Summary
The American Beacon GLG Natural Resources ETF (MGNR) is a fund that focuses on companies tied to natural resources instead of following a traditional stock index. It invests mainly in U.S. and Canadian firms involved in minerals, oil and gas, and related materials, including names like Teck Resources and Bunge Global. Someone might consider this ETF if they want to benefit from global demand for commodities and add diversification beyond regular stock market funds. However, it is concentrated in natural resource and commodity-related stocks, so its price can swing a lot and may rise or fall with changes in commodity prices.
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 hard into global natural resources, with a heavy tilt toward materials and energy names that are doing most of the heavy lifting. Metals and miners like Teck Resources, Hudbay Minerals, and ArcelorMittal have been rising, giving the fund a strong backbone as commodity demand stays firm. Gold producers such as Equinox Gold and Anglogold Ashanti are also climbing, though Kinross Gold has been more of a laggard lately. Range Resources adds a steady U.S. energy angle, rounding out a globally diversified but sector-concentrated portfolio.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Methanex | 4.24% | $28.49M | $3.98B | 37.20% | ― | |
| Equinox Gold | 4.08% | $27.39M | C$15.77B | 116.17% | 73 Outperform | |
| Anglogold Ashanti PLC | 4.00% | $26.84M | $47.91B | 194.42% | 73 Outperform | |
| Range Resources | 3.82% | $25.66M | $10.24B | 13.54% | 78 Outperform | |
| Kinross Gold | 3.69% | $24.80M | $36.47B | 162.85% | ― | |
| Teck Resources | 3.51% | $23.58M | $24.11B | 17.59% | ― | |
| Hudbay Minerals | 3.44% | $23.11M | $8.17B | 168.18% | 76 Outperform | |
| Bunge Global | 3.32% | $22.28M | $24.14B | 68.83% | 66 Neutral | |
| Antero Resources | 3.14% | $21.10M | $12.65B | 9.10% | 67 Neutral | |
| Alcoa | 3.03% | $20.31M | $16.78B | 89.65% | 76 Outperform |
MGNR Technical Analysis
Neutral
―
Price Trends
50.21
Negative
46.09
Positive
40.71
Positive
Market Momentum
0.10
Positive
42.91
Neutral
40.25
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MGNR, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 52.20, equal to the 50-day MA of 50.21, and equal to the 200-day MA of 40.71, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 42.91 is Neutral, neither overbought nor oversold. The STOCH value of 40.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MGNR.
MGNR Peer Comparison
Comparison Results
Performance Comparison
MGNR
American Beacon GLG Natural Resources ETF
50.04
19.57
64.23%
BLOK
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BKGI
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CCNR
CoreCommodity Natural Resources ETF
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ALAI
Alger AI Enablers & Adopters ETF
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ILDR
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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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