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American Beacon GLG Natural Resources ETF

Portfolio information as of February 22, 2024
MARKET PRICE Market Price: The price at which Fund shares are bought and sold, which may be below, at, or above NAV. The Market Price Returns are calculated based on the Fund’s official closing price on the listing exchange.
as of February 22, 2024

$25.26

MARKET PRICE CHANGE (DAILY)
as of February 22, 2024

$0.03

(0.12%)

NAV NAV: The dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
as of February 22, 2024

$25.26

NAV CHANGE (DAILY)
as of February 22, 2024

$0.09

(0.34%)

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end and quarter-end, click the PERFORMANCE tab below.
  • Summary
  • Performance
  • Portfolio
  • Resources

Investment Objective

The Fund’s investment objective is long-term capital appreciation.

INDEPENDENT INVESTMENT EXPERTS

Founded in 1995 and becoming part of Man Group in 2010, GLG LLC ("Man GLG") offers a diverse range of alternative and long-only investment strategies across equities, credit, fixed income and multi-asset approaches. Man GLG’s investment teams are encouraged to think independently, while sharing and debating ideas, unconstrained by a house view.

Firm inception: 1995

Portfolio managers:

  • Albert Chu; industry since 1998

EXTENSIVE FUNDAMENTAL RESEARCH

The ETF invests primarily in equity securities of 30 to 60 companies involved in natural resources and natural resources-related businesses. The sub-advisor is dedicated to investing in companies with historical track records of capital appreciation combining top-down and bottom-up analysis.

  • The process focuses on combining a commodities viewpoint with sub-sector selection and bottom-up stock picking.
  • The active, unconstrained approach is designed to extract returns in an asset class marked by wide dispersion.
PeriodDays Traded at PremiumDays Traded at Discount
1Q 2024111

The inception date of the ETF is 2/5/2024; thus 1Q 2024 is not a complete quarter.

Sub Advisor %

GLG LLC ("Man GLG") 100%


Ticker

MGNR

CUSIP

02368W408

ISIN

US02368W4087

EXCHANGE

NYSE Arca, Inc.

INCEPTION DATE

2/5/2024

Number of Holdings

42

Shares Outstanding

1,125,001

Expense Ratio Expense Ratio: The Fund's total annual operating expenses as a percentage of your investment. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the expense ratio.

0.75%

MEDIAN BID / ASK SPREAD 30-Day Median Bid/Ask Spread: The midpoint of the differences between the "bid" price (what investors are willing to pay) and the "ask" price (at which they are willing to sell Fund shares) on the listing exchange over the last 30 calendar days.

0.00

DISCOUNT / PREMIUM Discount/Premium: The negative or positive difference between the market price and NAV at the time as of which the NAV is calculated, expressed as a percentage of NAV. The table shows the number of days the Fund traded at a premium, at a discount, or at NAV during various periods. The line graph shows the discount (negative) and the premium (positive) amount on the vertical axis and the date on which the premium/discount occurred on the horizontal axis.

0.024541%



Dispersion: Dispersion is a statistical measure of variation among values.

All investing involves risk, including possible loss of principal. The Fund is actively managed, and there can be no assurances that its investment objectives will be met. Concentration in natural resources and natural resources-related industries makes the Fund vulnerable to price movements of natural resources, which can result from supply and demand changes, environmental factors, government regulations, and political developments. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Investing in foreign and emerging market companies, either directly or indirectly through U.S. dollar denominated securities, may involve heightened risk due to currency fluctuations and economic and political risks. To the extent the Fund invests more heavily in a particular country or geographic region, its performance will be sensitive to factors affecting that country or region. The Fund may distribute higher capital gains than other ETFs. Limited partnership securities held by the Fund may be less liquid and entail fewer rights than stocks. Please see the prospectus for a complete discussion of the Fund’s risks.

This information must be preceded or accompanied by a prospectus or summary prospectus. Click here to view or download a prospectus or summary prospectus. Read it carefully before you invest.

The Fund is new and has a limited operating history.

The Fund's investment sub-advisor is GLG LLC, an indirect wholly owned subsidiary of Man Group plc.

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted.

Foreside Financial Services, LLC is the distributor of the American Beacon ETFs and is not affiliated with American Beacon or its sub-advisors. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon GLG Natural Resources ETF is a service mark of American Beacon Advisors, Inc.