Key stats
About First Trust Multi-Manager Large Growth ETF
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Inception date
Jul 21, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740F7895
MMLG has a multi-manager approach to active investing. Wellington and Sands Capital are selected as the Sub-advisors and allocated 50% each in fund assets. The Russell 1000 Growth Index will be the starting universe for both of the advisors but each will tailor-fit their selection based on their investment styles. Wellington will utilize a fundamental bottom-up analysis to evaluate various factors of quality, valuation, and momentum, including but not limited to evaluation of capital structure, earnings ratios and cash flow ratios, and trend of revenues and earnings revisions. Conversely, Sands Capital will focus on growth and use quantitative and qualitative fundamental research to analyze factors such as sustainable earnings growth, leadership position, competitive advantages, clear mission and value-added focus, financial strength, and valuation. Sands Capital will use conviction-based weighting based on those factors. The two approaches are intended to complement each other.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Retail Trade
Stocks97.23%
Technology Services35.19%
Electronic Technology25.71%
Finance10.71%
Retail Trade10.24%
Health Technology4.34%
Commercial Services3.92%
Transportation2.04%
Consumer Services1.80%
Producer Manufacturing1.00%
Consumer Durables0.76%
Industrial Services0.61%
Process Industries0.52%
Consumer Non-Durables0.38%
Bonds, Cash & Other2.77%
Mutual fund2.76%
Cash0.01%
Stock breakdown by region
North America94.09%
Asia3.99%
Europe1.92%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MMLG invests in stocks. The fund's major sectors are Technology Services, with 35.19% stocks, and Electronic Technology, with 25.71% of the basket. The assets are mostly located in the North America region.
MMLG top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 11.34% and 6.63% of the portfolio correspondingly.
MMLG assets under management is 80.92 M USD. It's risen 4.21% over the last month.
MMLG fund flows account for −5.10 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
MMLG shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jul 21, 2020, and its management style is Active.
MMLG expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
MMLG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMLG invests in stocks.
MMLG price has risen by 2.06% over the last month, and its yearly performance shows a 25.48% increase. See more dynamics on MMLG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.03% over the last month, showed a 10.45% increase in three-month performance and has increased by 25.80% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.03% over the last month, showed a 10.45% increase in three-month performance and has increased by 25.80% in a year.
MMLG trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.