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



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Upturn Advisory Summary
07/14/2025: MMLG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF
ETF Overview
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.
Reputation and Reliability
First Trust is a well-established ETF provider with a strong reputation for innovation and diverse product offerings.
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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