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MMLG - AI Analysis
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First Trust Multi-Manager Large Growth ETF (MMLG)
Rating:74Outperform
Price Target:
$40.00
Positive Factors
Strong Top Holdings
Several key positions, such as Nvidia, Broadcom, and Alphabet, have delivered strong year-to-date performance, boosting the ETF's overall returns.
Technology Sector Leadership
With nearly half of its exposure in the technology sector, the ETF benefits from the strong performance of leading tech companies.
Healthy Year-to-Date Performance
The ETF has shown solid year-to-date gains, indicating strong momentum in its portfolio.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio compared to many other funds, which can eat into investor returns over time.
Over-Concentration in U.S. Market
With nearly all of its geographic exposure in the U.S., the ETF lacks diversification across global markets.
Underperforming Holdings
Some holdings, such as ServiceNow and Amazon, have lagged in performance, which could weigh on future returns.
MMLG vs. SPDR S&P 500 ETF (SPY)
AUM95.77M
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. Volume8,880
30 Day Avg. Volume13,637
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
43.12Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering76
MMLG Summary
The First Trust Multi-Manager Large Growth ETF (MMLG) is an investment fund focused on large-cap companies with strong growth potential. It includes well-known names like Nvidia and Microsoft, along with other innovative businesses in sectors such as technology and communication services. This ETF is designed for investors seeking growth opportunities by investing in established companies that are leaders in their industries. However, since nearly half of its holdings are in the tech sector, its performance can be heavily influenced by fluctuations in technology markets.
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
The First Trust Multi-Manager Large Growth ETF (MMLG) leans heavily into tech, with nearly half of its portfolio in the sector, led by Nvidia, Microsoft, and Broadcom. Nvidia’s dominance in AI and strong revenue growth have kept it rising, while Broadcom’s focus on AI semiconductors adds momentum. Microsoft remains steady, bolstered by cloud and AI services. However, Meta and Amazon have shown mixed results, with Meta facing regulatory hurdles and Amazon grappling with AWS margin pressures. With a U.S.-centric portfolio, this fund is riding the wave of innovation but faces challenges from valuation concerns and sector-specific risks.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 13.04% | $12.17M | $4.93T | 49.55% | 85 Outperform | |
| Microsoft | 6.98% | $6.52M | $3.91T | 26.18% | 82 Outperform | |
| Amazon | 4.80% | $4.48M | $2.38T | 23.39% | 74 Outperform | |
| Broadcom | 4.80% | $4.48M | $1.78T | 118.82% | 76 Outperform | |
| Alphabet Class A | 4.71% | $4.39M | $3.41T | 64.16% | 80 Outperform | |
| Meta Platforms | 4.36% | $4.07M | $1.67T | 14.32% | 71 Outperform | |
| Apple | 3.91% | $3.65M | $4.03T | 21.29% | 80 Outperform | |
| AppLovin | 2.64% | $2.47M | $209.92B | 289.73% | 69 Neutral | |
| Netflix | 2.45% | $2.29M | $461.44B | 47.98% | 69 Neutral | |
| ServiceNow | 2.34% | $2.19M | $194.41B | -0.92% | 78 Outperform |
MMLG Technical Analysis
Positive
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Price Trends
35.97
Positive
34.83
Positive
32.28
Positive
Market Momentum
0.30
Negative
56.96
Neutral
73.59
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 36.36, equal to the 50-day MA of 35.97, and equal to the 200-day MA of 32.28, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 56.96 is Neutral, neither overbought nor oversold. The STOCH value of 73.59 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
36.93
8.34
29.17%
LCLG
Logan Capital Broad Innovative Growth ETF
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PGRO
Putnam Focused Large Cap Growth ETF
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IWFG
IQ Winslow Focused Large Cap Growth ETF
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PRXG
Praxis Impact 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.
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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