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MMLG
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First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF (MMLG)

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$33.56
Last Close (24-hour delay)
Profit since last BUY14.19%
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BUY since 45 days
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Upturn Advisory Summary

07/14/2025: MMLG (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 52.32%
Avg. Invested days 65
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/14/2025

Key Highlights

Volume (30-day avg) -
Beta 1.24
52 Weeks Range 22.92 - 33.45
Updated Date 06/30/2025
52 Weeks Range 22.92 - 33.45
Updated Date 06/30/2025

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First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF

stock logo

ETF Overview

overview logo Overview

The First Trust Multi-Manager Large Growth ETF (FADG) is an actively managed ETF focusing on large-cap US growth stocks. It utilizes a multi-manager approach, allocating assets to different sub-advisors with distinct growth strategies.

reliability logo Reputation and Reliability

First Trust is a well-established ETF provider with a strong reputation for innovation and diverse product offerings.

reliability logo Management Expertise

First Trust benefits from experienced portfolio managers and a rigorous investment process. The ETF uses multiple managers to diversify investment styles.

Investment Objective

overview logo Goal

The fund seeks long-term growth of capital by investing primarily in equity securities of large-capitalization companies.

Investment Approach and Strategy

Strategy: The ETF does not track a specific index but employs an active multi-manager approach. Sub-advisors use various growth-oriented strategies.

Composition The ETF primarily holds stocks of large-cap US companies identified as having growth potential.

Market Position

Market Share: Data not readily available to determine exact market share.

Total Net Assets (AUM): 128030000

Competitors

overview logo Key Competitors

  • IVW
  • VUG
  • IWF
  • SCHG

Competitive Landscape

The large-cap growth ETF market is highly competitive. FADG differentiates itself through its multi-manager approach. Advantages include diversification of investment styles and potential for outperformance, while disadvantages are potentially higher fees and complexity compared to passive ETFs. The fund's market share is relatively small compared to market leaders.

Financial Performance

Historical Performance: Historical performance data should be obtained from reliable financial data vendors.

Benchmark Comparison: Performance should be compared to a relevant large-cap growth benchmark, such as the Russell 1000 Growth Index.

Expense Ratio: 0.6

Liquidity

Average Trading Volume

Average trading volume can fluctuate, but liquidity is generally adequate for most investors.

Bid-Ask Spread

The bid-ask spread is generally competitive, but varies based on market conditions.

Market Dynamics

Market Environment Factors

Economic growth, interest rate policies, sector-specific trends, and overall market sentiment influence FADG's performance.

Growth Trajectory

Growth depends on the performance of underlying stocks, the effectiveness of the sub-advisors' strategies, and fund flows.

Moat and Competitive Advantages

Competitive Edge

FADG's multi-manager structure allows exposure to a variety of growth strategies, potentially capturing a wider range of market opportunities. The active management approach offers the potential to outperform passive benchmarks. This may make the fund attractive to investors seeking alpha while diversifying their manager risk. However, the selection and monitoring of sub-advisors are crucial to its success, adding a layer of complexity. First Trust's established reputation and distribution network also support the fund's competitiveness.

Risk Analysis

Volatility

FADG's volatility is expected to be similar to other large-cap growth ETFs.

Market Risk

Market risk is the primary risk, as the fund invests in equities that are susceptible to broad market downturns and sector-specific challenges.

Investor Profile

Ideal Investor Profile

The ideal investor is seeking growth within the large-cap space and is comfortable with active management and a higher expense ratio.

Market Risk

FADG is suited for long-term investors seeking capital appreciation and willing to accept moderate to high risk.

Summary

First Trust Multi-Manager Large Growth ETF (FADG) aims for long-term capital growth through large-cap US growth stocks, leveraging a multi-manager approach to diversify strategies. While offering active management benefits, its higher expense ratio and reliance on manager selection are key considerations. FADG is suitable for growth-oriented investors who are comfortable with the risks associated with active equity management and large-cap market exposure. Investors should compare the fund's performance, fees, and strategy with those of similar ETFs before investing.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • First Trust Website
  • ETF.com
  • Morningstar
  • YCharts

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It is not investment advice. Consult with a qualified financial advisor before making any investment decisions. Market share information is based on the assumption that similar ETFs constitute the relevant market and may not be precise. Performance can change due to market conditions and there are no guarantees based on the historical information.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams.