MMLG - ETF AI Analysis

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First Trust Multi-Manager Large Growth ETF (MMLG)

Rating:71Outperform

Price Target:―

MMLG, the First Trust Multi-Manager Large Growth ETF, has a solid overall rating driven mainly by large, financially strong tech leaders like Nvidia, Microsoft, and Alphabet, which benefit from powerful trends in AI, cloud, and data centers. These companies’ strong earnings and growth outlooks support the fund’s quality, while smaller positions like Carvana and AppLovin add growth potential but also bring risks from high valuations, leverage, and cash flow challenges. The main risk factor is the fund’s heavy tilt toward a handful of large technology and AI-focused names, which can make performance more sensitive to that sector’s ups and downs.

Positive Factors

Exposure to Leading Growth Companies

The ETF holds many well-known large growth names like Nvidia, Microsoft, Alphabet, Amazon, and Apple, giving investors access to major players in the growth segment of the market.

Focused on Growth Sectors

A large share of the fund is in technology and communication services, sectors that are often key drivers of long-term growth when conditions are favorable.

Meaningful Fund Size

With tens of millions in assets under management, the ETF is large enough to be established but still small enough that it can be more nimble than very large funds.

Negative Factors

Recent Weak Performance

The ETF has shown negative returns over the past month, three months, and year to date, indicating it has been struggling in the current market environment.

High Concentration in a Few Stocks and Sectors

A small group of large technology and communication services holdings makes up a big portion of the portfolio, increasing the impact if these areas continue to lag.

Relatively High Expense Ratio

The fund’s expense ratio is on the higher side for an ETF, which means more of the return is eaten up by fees compared with lower-cost alternatives.

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

AUM83.54M

RegionNorth America

Expense Ratio0.85%

Beta1.36

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. Volume6,047

30 Day Avg. Volume9,853

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

44.20

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering75

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

MMLG Summary

The First Trust Multi-Manager Large Growth ETF (MMLG) is an actively managed fund that focuses on large U.S. companies with strong growth potential instead of tracking a set index. It mainly invests in technology and communication services stocks, holding well-known names like Microsoft and Nvidia, along with other big, fast-growing firms. Someone might consider this ETF if they want long-term growth and diversification across several professional managers’ stock picks. However, it is heavily tilted toward growth and tech-related companies, so its price can swing a lot and may fall sharply if growth or tech stocks go out of favor.

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.

MMLG Top 10 Holdings

MMLG is riding the Big Tech and AI wave, with Nvidia and TSMC acting as the main engines of recent strength as demand for chips and AI infrastructure keeps them rising. Meta and Apple are holding up reasonably well, adding some steady tech firepower. On the flip side, Microsoft and Amazon have been losing a bit of steam lately, while Shopify has been a noticeable drag. With a heavy tilt toward U.S. technology and communication services, this is very much a North America–centric growth story, not a globally diversified mix.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	13.16%	$10.96M	$4.69T	53.88%	76 Outperform
GOOGL	Alphabet Class A	5.23%	$4.36M	$3.76T	83.09%	85 Outperform
MSFT	Microsoft	5.14%	$4.28M	$2.89T	-1.07%	79 Outperform
AMZN	Amazon	4.76%	$3.96M	$2.24T	-2.05%	71 Outperform
META	Meta Platforms	4.69%	$3.91M	$1.62T	-3.00%	76 Outperform
AVGO	Broadcom	4.49%	$3.74M	$1.54T	61.31%	76 Outperform
AAPL	Apple	4.29%	$3.57M	$4.00T	12.86%	79 Outperform
	―	2.77%	$2.30M	―	―	―
TSM	TSMC	2.63%	$2.19M	$1.63T	108.08%	81 Outperform
SHOP	Shopify	2.54%	$2.11M	$153.16B	13.63%	―

MMLG Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

34.53

Negative

100DMA

35.18

Negative

200DMA

34.52

Negative

Market Momentum

MACD

-0.44

Negative

RSI

43.93

Neutral

STOCH

78.76

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MMLG, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 33.20, equal to the 50-day MA of 34.53, and equal to the 200-day MA of 34.52, indicating a bearish trend. The MACD of -0.44 indicates Negative momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 78.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MMLG.

MMLG Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
MMLG	―	―	$83.54M	0.85%	71 Outperform
LCLG	―	―	$94.21M	0.90%	73 Outperform
PRXG	―	―	$70.76M	0.36%	75 Outperform
CGGG	―	―	$66.08M	0.39%	72 Outperform
PGRO	―	―	$65.51M	0.49%	73 Outperform
IWFG	―	―	$55.47M	0.46%	73 Outperform

Performance Comparison

MMLG

First Trust Multi-Manager Large Growth ETF

33.05

3.41

11.50%

LCLG

Logan Capital Broad Innovative Growth ETF

―

PRXG

Praxis Impact Large Cap Growth ETF

―

CGGG

Capital Group U.S. Large Growth ETF

―

PGRO

Putnam Focused Large Cap Growth ETF

―

IWFG

IQ Winslow Focused Large Cap Growth 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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