# First Trust Multi-Manager Large Growth ETF (MMLG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mmlg for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Large Cap Equity - Strategy: Actively Managed · Inception: 2020-07-21 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 b... ## Key Facts | Metric | Value | |---|---| | Price | $36.09 | | Expense Ratio | 0.85% | | Assets Under Management | $93.2M | | NAV | $37.28 (2026-06-04 close) | | Holdings Count | 77 | | Distribution Yield (TTM) | 0.01% | | Annual Distribution (TTM) | $0.01 /share | | Distribution Frequency | Irregular | | 52-Week Range | $35.19 – $38.02 | | Beta | 1.33 | ## Latest Distribution - Amount: $0.0052 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MMLG's is 0.85%) in exchange for the discretion to over- or under-weight positions. ### 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. ### Does MMLG pay a dividend? First Trust Multi-Manager Large Growth ETF (MMLG) currently distributes little or no income. Trailing-twelve-month yield is 0.01%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MMLG pay dividends? First Trust Multi-Manager Large Growth ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MMLG's dividend yield? MMLG's trailing-twelve-month yield is 0.01%, calculated from the sum of dividends over the past year divided by the current price. ### When is MMLG's next ex-dividend date? The most recently announced ex-dividend date for MMLG was 2026-09-24. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will MMLG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.85% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MMLG charge its expense ratio? The expense ratio is deducted in tiny daily slices from MMLG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MMLG cost more than a fund like VOO? MMLG is actively managed (current expense ratio 0.85%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MMLG's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MMLG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MMLG (0.85%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mmlg - Distribution history: https://www.dividenddata.com/funds/mmlg/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mmlg/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mmlg/expenses - Peer comparison: https://www.dividenddata.com/funds/mmlg/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.