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 solid momentum in the last month, which indicates favorable recent returns for investors.
Leading Holdings With Strong Gains
Several of the largest positions, including Venture Global, Darling Ingredients, and ArcelorMittal, have delivered strong year-to-date gains, helping drive the fund’s overall performance.
Focused Exposure to Natural Resource Sectors
The fund’s heavy weighting in materials and energy provides targeted exposure to natural resource companies that can benefit when commodity markets are strong.
Negative Factors
High Expense Ratio
The ETF charges a relatively high fee, which can eat into long-term returns compared with lower-cost alternatives.
Sector Concentration Risk
Nearly all of the portfolio is concentrated in materials and energy, which increases the risk if these sectors face a downturn.
Limited Geographic Diversification
The fund is heavily focused on U.S. and Canadian companies, offering limited exposure to other global regions and reducing diversification across different markets.
MGNR vs. SPDR S&P 500 ETF (SPY)
AUM1.24B
RegionGlobal
Expense Ratio0.75%
Beta0.95
IssuerAmerican Beacon
Inception DateFeb 06, 2024
Dividend Yield0.81%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume110,039
30 Day Avg. Volume215,256
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
64.03Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering47
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, such as minerals, oil, gas, and renewable materials. It does not track a specific index, but instead holds a selected mix of resource-related stocks, mainly in the materials and energy sectors. Well-known names include ArcelorMittal and Teck Resources. Someone might invest in MGNR to benefit from global demand for commodities and to diversify beyond typical tech or consumer stocks. A key risk is that natural resource prices are very cyclical, so the ETF’s value can rise and fall sharply with commodity markets.
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 heavily into global miners and energy producers, with names like ArcelorMittal and Teck Resources helping to power returns as metals demand stays firm. Gold plays such as Anglogold Ashanti are rising and add a defensive shine, even as Equinox Gold looks more mixed and occasionally weighs on the fund. Hudbay Minerals and Vista Energy have been steady-to-strong contributors but come with balance-sheet baggage that can add volatility. Overall, this is a globally focused, natural-resources-heavy ETF where metals and energy are clearly in the driver’s seat.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ArcelorMittal | 4.57% | $58.55M | $52.24B | 91.37% | 71 Outperform | |
| Smurfit Westrock | 4.21% | $53.96M | $24.27B | 6.78% | 69 Neutral | |
| Venture Global, Inc. Class A | 4.07% | $52.15M | $31.55B | -9.35% | 58 Neutral | |
| Range Resources | 3.90% | $49.90M | $9.02B | 1.28% | 78 Outperform | |
| Teck Resources | 3.78% | $48.39M | $32.33B | 47.76% | ― | |
| Anglogold Ashanti PLC | 3.77% | $48.25M | $50.01B | 33.89% | 73 Outperform | |
| Hudbay Minerals | 3.75% | $47.98M | $11.79B | 76.66% | 76 Outperform | |
| Equinox Gold | 3.56% | $45.61M | C$19.70B | -0.97% | 73 Outperform | |
| Vista Energy SAB de CV | 3.54% | $45.30M | $7.40B | 89.01% | 76 Outperform | |
| Antero Resources | 3.50% | $44.86M | $10.76B | 2.35% | 67 Neutral |
MGNR Technical Analysis
Negative
―
Price Trends
52.43
Negative
51.29
Negative
51.23
Negative
Market Momentum
-0.96
Positive
39.23
Neutral
31.14
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MGNR, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 50.09, equal to the 50-day MA of 52.43, and equal to the 200-day MA of 51.23, indicating a bearish trend. The MACD of -0.96 indicates Positive momentum. The RSI at 39.23 is Neutral, neither overbought nor oversold. The STOCH value of 31.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MGNR.
MGNR Peer Comparison
Comparison Results
Performance Comparison
MGNR
American Beacon GLG Natural Resources ETF
49.06
7.93
19.28%
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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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