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MGNR

GradeDNew York Stock Exchange Arca

American Beacon GLG Natural Resources ETF

Sectors · American Beacon · Inception 2024-02-04

$52.22−0.53 (−1.00%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Feb 6, 2024.
Intraday session: down, 67 prints from 52.74 to 52.22. Range 51.84 to 52.37. Use the arrow keys to read each point.$51.80$52.00$52.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$1.3B
1Y return
+34.6%
Yield · Last 12 months
0.78%
Volume · 30D
0.2M sh
NAV per share
$52.56
52W range
low $38.93high $56.45

The ETF.net MGNR Grade

D

34/ 100

Rank 11 of 14 in Natural Resources

Confidence Low

Six-pillar profile for MGNR. Scores out of 100: Cost 8, Risk 30, Mission not scored, Tradability 72, Holdings 55, Durability 53. Strongest: Tradability (72). Weakest: Cost (8). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 8
    Category rank13/14 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 30
    Category rank14/14 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank3/14 · top 21%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 55
    Category rank8/14 · mid-pack
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 53
    Category rank7/14 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MGNR

ETF.net Research

DAn actively run slice of the companies that dig, drill and grow the world's raw materials, launched in 2024. Its peer group is stuffed with cheap broad-market core funds; this one is the specialist picking resource stocks by hand.

Stated mandate

The Fund seeks long-term capital appreciation and invests primarily in equity securities of companies engaged in natural resources and related businesses.

Why people hold it

  1. 01Stock picking, not index following: the managers hunt for long-term capital appreciation in natural-resources equities and can lean wherever they see value in the complex.
  2. 02A rule keeps it honest: at least 80% of net assets must sit in natural-resources and resources-related equities, so the theme can't quietly drift into something else.finance.yahoo.com
  3. 03Real traction for a niche 2024 launch: assets in the hundreds of millions and moderate daily volume, not one of those thinly traded oddities.
  4. 04Pays quarterly, and among active US equity ETFs it lands in the upper half of the pack on our review.

Worth knowing

  1. 01Specialist pricing: 0.75% a year is above the typical active US equity ETF and several times what core peers such as DFAU (0.12%) or AVLC (0.15%) charge.
  2. 02One theme, one cycle. Resource equities track commodity prices, which move in bigger swings than a diversified core portfolio.
  3. 03Young fund: it opened in 2024, so its risk record covers a short stretch rather than a full commodity cycle.

MGNR Holdings

As of Sep 20, 2026, 9:24 AM
Asset class
Stocks
Holdings
Top-10 weight
39%
Largest holding
MT4.6%

Geography

  • United States52.81%
  • Canada21.76%
  • Luxembourg4.72%
  • Ireland4.08%
  • Mexico3.72%
  • South Africa3.33%
  • Finland2.92%
  • Switzerland2.06%
  • Other countries (3)4.60%

Developed 79% · Emerging 21% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MTARCELORMITTAL NY REGISTERED NY REG SHRS4.64%800,694$60M37
002VGVENTURE GLOBAL INC CL A COMMON STOCK USD.014.27%3,843,232$55M105
003SWSMURFIT WESTROCK PLC COMMON STOCK4.01%1,143,651$52M156
004AUANGLOGOLD ASHANTI PLC COMMON STOCK3.77%477,674$49M82
005RRCRANGE RESOURCES CORP COMMON STOCK USD.013.75%1,243,048$49M174
006VISTVISTA ENERGY SAB DE CV ADR3.66%646,730$47M26
007KGCKINROSS GOLD CORP COMMON STOCK3.64%1,655,257$47M39
008DARDARLING INGREDIENTS INC COMMON STOCK USD.013.63%707,085$47M176
009HBMHUDBAY MINERALS INC COMMON STOCK3.61%1,767,443$47M21
010EQXEQUINOX GOLD CORP COMMON STOCK3.58%3,794,600$46M22
011TECKTECK RESOURCES LTD CLS B COMMON STOCK3.57%709,356$46M31
012ARANTERO RESOURCES CORP COMMON STOCK USD.013.33%1,212,047$43M147
013GFIGOLD FIELDS LTD SPONS ADR ADR3.27%977,708$42M51
014BGBUNGE GLOBAL SA COMMON STOCK USD.013.27%354,906$42M260
015FMFIRST QUANTUM MINERALS LTD COMMON STOCK3.21%1,325,424$42M6

Showing 1–15 of 47 holdings

MGNR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MGNR$13,456
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MGNR $13,456. SPY $11,723. Use the arrow keys to read each point.$9,155$11,884$14,613Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MGNR. Periods over one year show the average yearly return.
PeriodMGNR
Year to date+20.1%
1 month−5.3%
3 months+3.2%
1 year+34.6%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MGNR
YearReturn barMGNR
2026 YTD+20.1%
2025+50.5%
2024+22.8%

History from Feb 6, 2024

MGNR in the news

ETF.net Research hasn’t filed on MGNR yet — coverage lands here as it’s written.

MGNR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.78%Last 12 months
Payout per share
$0.41Last 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 10 payments from 2024 to 2026 YTD. Apr 2, 2024 $0.08; Jul 2, 2024 $0.05; Oct 2, 2024 $0.07; Dec 20, 2024 $0.04; Apr 2, 2025 $0.07; Jul 2, 2025 $0.24; Oct 2, 2025 $0.06; Dec 22, 2025 $0.15; Apr 2, 2026 $0.15; Jul 2, 2026 $0.05. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jul 2, 2026Jul 7, 2026$0.05
Apr 2, 2026Apr 7, 2026$0.15
Dec 22, 2025Dec 24, 2025$0.15
Oct 2, 2025Oct 6, 2025$0.06
Jul 2, 2025Jul 7, 2025$0.24
Apr 2, 2025Apr 4, 2025$0.07
Dec 20, 2024Dec 24, 2024$0.04
Oct 2, 2024Oct 4, 2024$0.07
Jul 2, 2024Jul 5, 2024$0.05
Apr 2, 2024Apr 5, 2024$0.08

MGNR Risk

How much the fund’s monthly returns vary, scaled to a year.
22.0%
Annualised · 30 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.36
vs 3-month T-bills · 30 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.1%
31 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.74
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MGNR Cost

Expense ratio0.75%
  • The middle half of Natural Resources funds
  • Median 0.46%

12 of the 14 Natural Resources funds charge less.

MGNR costs $75.00 a year on $10,000. The median Natural Resources fund costs $46.00.