MMLG
First Trust Multi-Manager Large Growth ETF
📎 Investment Objective
The First Trust Multi-Manager Large Growth ETF (MMLG) seeks to provide investment results that correspond generally to the price and yield performance of the Nasdaq US Large Cap Growth Index.
Overview
ETF tracking First Trust Multi-Manager Large Growth ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Multi-Manager Large Growth ETF (MMLG) seeks to provide investment results that correspond generally to the price and yield performance of the Nasdaq US Large Cap Growth Index.
🎯 Investment Strategy
The fund employs a 'fund of funds' strategy, investing in other ETFs that track the Nasdaq US Large Cap Growth Index. This index includes large-capitalization U.S. companies that are considered to have above-average growth prospects.
✨ Key Features
- Broad exposure to large-cap U.S. growth stocks
- Diversified portfolio of underlying ETFs
- Passively managed to track the Nasdaq US Large Cap Growth Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the fund's holdings may decline due to general market conditions
- Concentration risk: The fund's performance may be more volatile as it is concentrated in the large-cap growth segment
- Tracking error risk: The fund may not perfectly track its underlying index
- Liquidity risk: In certain market conditions, it may be difficult to buy or sell shares of the fund
👤 Best For
This ETF may be suitable for long-term investors seeking exposure to large-cap U.S. growth stocks as part of a diversified portfolio. It may be particularly appealing to investors who prefer a low-cost, passively managed approach to accessing this market segment.