First Trust Multi-Manager Large Growth ETF

Frequently Asked Questions About MMLG

What does MMLG invest in?

The First Trust Multi-Manager Large Growth ETF seeks to provide long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in equity securities issued by large capitalization companies. The Fund considers large capitalization companies to be those companies with market capitalizations within the market capitalization range of the companies comprising the Russell 1000 Growth Index (as of the index's most recent reconstitution). The Fund's 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 American Depositary Receipts.

What is the expense ratio of MMLG?

First Trust Multi-Manager Large Growth ETF (MMLG) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MMLG?

First Trust Multi-Manager Large Growth ETF (MMLG) manages $93.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MMLG actively managed or an index fund?

MMLG is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MMLG's is 0.85%) because there's no security selection cost.

When was MMLG launched?

First Trust Multi-Manager Large Growth ETF (MMLG) launched in July 2020 and is managed by First Trust.

How has MMLG performed?

MMLG's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.