MMLG - ETF AI Analysis
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First Trust Multi-Manager Large Growth ETF (MMLG)
Rating:70Outperform
Price Target:―
Positive Factors
Leading Growth Companies
The ETF’s largest positions include well-known technology and internet leaders that have generally shown strong recent performance, which can help drive returns.
Focused Growth Sector Exposure
Heavy exposure to technology and communication services gives investors targeted access to fast-growing parts of the market.
Recent Short-Term Rebound
Despite being slightly negative for the year so far, the fund has shown a strong gain over the past month and a modest positive result over the last three months, suggesting improving momentum.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
Concentration in a Few Tech Giants
A significant portion of the portfolio is tied up in a small number of large technology stocks, increasing the impact if any of these companies struggle.
Mixed Performance Among Top Holdings
While several major positions have performed well, some key holdings have shown weak or negative results this year, which has weighed on overall performance.
MMLG vs. SPDR S&P 500 ETF (SPY)
AUM87.96M
RegionNorth America
Expense Ratio0.85%
Beta1.35
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. Volume3,106
30 Day Avg. Volume6,374
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
43.53Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering78
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MMLG Summary
The First Trust Multi-Manager Large Growth ETF (MMLG) focuses on fast-growing, large U.S. companies, mainly in technology and communication services. It doesn’t track a set index; instead, several professional managers pick stocks they believe have strong growth potential. Well-known holdings include Nvidia, Alphabet (Google), Amazon, Microsoft, and Apple. An investor might choose this ETF to seek long-term growth and to get instant diversification across many leading growth companies in one investment. However, it is heavily tilted toward tech and other growth stocks, so its price can rise and fall more sharply than the overall market.
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 leaning hard into U.S. Big Tech and AI, with Nvidia, Broadcom, and TSMC acting as the main engines of recent gains as chip and data-center demand keep rising. Amazon and Alphabet are also pulling their weight, adding steady growth from cloud and digital advertising. Microsoft, however, has been more mixed lately, and Apple looks like it’s catching its breath after a strong run. With nearly all exposure in U.S. large-cap growth and a heavy tilt toward technology and communication services, the fund’s fortunes are tightly tied to the tech cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 13.69% | $12.18M | $5.06T | 99.22% | 76 Outperform | |
| Alphabet Class A | 5.70% | $5.07M | $4.15T | 118.13% | 85 Outperform | |
| Amazon | 5.32% | $4.73M | $2.84T | 39.12% | 71 Outperform | |
| ― | 5.06% | $4.50M | ― | ― | ― | |
| Microsoft | 4.78% | $4.26M | $3.15T | 8.60% | 79 Outperform | |
| Meta Platforms | 4.66% | $4.15M | $1.71T | 23.44% | 76 Outperform | |
| Broadcom | 4.57% | $4.07M | $2.00T | 117.28% | 76 Outperform | |
| Apple | 3.94% | $3.50M | $3.98T | 27.35% | 79 Outperform | |
| TSMC | 2.81% | $2.50M | $1.80T | 147.84% | 81 Outperform | |
| Netflix | 2.25% | $2.00M | $389.43B | -17.71% | 73 Outperform |
MMLG Technical Analysis
Positive
―
Price Trends
33.13
Positive
34.00
Positive
34.70
Positive
Market Momentum
0.75
Negative
64.56
Neutral
63.10
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MMLG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 34.31, equal to the 50-day MA of 33.13, and equal to the 200-day MA of 34.70, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 64.56 is Neutral, neither overbought nor oversold. The STOCH value of 63.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MMLG.
MMLG Peer Comparison
Comparison Results
Performance Comparison
MMLG
First Trust Multi-Manager Large Growth ETF
35.41
6.28
21.56%
PRXG
Praxis Impact Large Cap Growth ETF
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CGGG
Capital Group U.S. Large Growth ETF
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IWFG
IQ Winslow Focused Large Cap Growth ETF
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EASY
Liberty One Defensive Dividend Growth ETF
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SGRT
SMART Earnings Growth 30 ETF
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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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