MMLG - ETF AI Analysis
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First Trust Multi-Manager Large Growth ETF (MMLG)
Rating:70Outperform
Price Target:―
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)
AUM81.94M
RegionNorth America
Expense Ratio0.85%
Beta1.34
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. Volume5,985
30 Day Avg. Volume8,266
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
42.96Price 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) 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 leaning heavily into U.S. Big Tech and AI, with Nvidia in the driver’s seat but recently hitting a rough patch that’s taken some wind out of the fund’s sails. Microsoft, Amazon, and Meta are also losing steam in the short term, so the usual growth engines are sputtering rather than roaring. Alphabet and Broadcom sit in the same tech-heavy camp, keeping the portfolio firmly tied to the AI and cloud story. Netflix is one of the few names showing fresh momentum, helping offset some of the broader tech softness.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 12.99% | $10.58M | $4.58T | 70.04% | 76 Outperform | |
| Alphabet Class A | 5.96% | $4.85M | $3.83T | 101.88% | 85 Outperform | |
| Amazon | 5.49% | $4.47M | $2.56T | 28.94% | 71 Outperform | |
| Meta Platforms | 4.72% | $3.84M | $1.59T | 15.87% | 76 Outperform | |
| Broadcom | 4.71% | $3.84M | $1.76T | 104.22% | 76 Outperform | |
| Microsoft | 4.59% | $3.74M | $2.75T | -4.52% | 79 Outperform | |
| Apple | 4.19% | $3.41M | $3.82T | 31.46% | 79 Outperform | |
| ― | 3.35% | $2.72M | ― | ― | ― | |
| TSMC | 2.77% | $2.25M | $1.63T | 135.93% | 81 Outperform | |
| Netflix | 2.75% | $2.24M | $434.92B | 12.18% | 73 Outperform |
MMLG Technical Analysis
Neutral
―
Price Trends
32.66
Positive
34.01
Negative
34.59
Negative
Market Momentum
-0.12
Negative
56.83
Neutral
88.77
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MMLG, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 31.79, equal to the 50-day MA of 32.66, and equal to the 200-day MA of 34.59, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 56.83 is Neutral, neither overbought nor oversold. The STOCH value of 88.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MMLG.
MMLG Peer Comparison
Comparison Results
Performance Comparison
MMLG
First Trust Multi-Manager Large Growth ETF
32.84
6.26
23.55%
AGRW
Allspring LT Large Growth ETF
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LCLG
Logan Capital Broad Innovative Growth ETF
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PRXG
Praxis Impact Large Cap Growth ETF
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PGRO
Putnam Focused Large Cap Growth ETF
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CGGG
Capital Group U.S. Large Growth 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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