First Trust Multi-Manager Large Growth ETF
AFGR
New York Stock Exchange American- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Multi-Manager Large Growth ETF (AFGR) operates as an actively managed exchange-traded fund within First Trust Advisors L.P.’s lineup, focusing on long-term capital appreciation through a multi-manager approach in the large-cap growth segment of the U.S. equity market. AFGR seeks to achieve its objective by deploying a diversified, multi-manager portfolio that allocates to multiple external growth managers, each applying distinct investment philosophies to large-cap growth securities, with the goal of harnessing complementary strategies and manager skill to outperform a broad large-growth benchmark over time. The fund primarily invests in U.S. large-cap growth stocks, generally targeting companies whose market capitalizations align with the upper end of the Russell 1000 Growth Index, and tends to emphasize growth-oriented factors such as earnings momentum, scalable business models, and above-average revenue growth. AFGR emphasizes liquidity and transparency appropriate for a U.S.-listed ETF, providing daily tradeability to investors, and operates under the regulatory framework governing U.S. ETF products, including daily NAV disclosures and intraday liquidity. Founding year and headquarters: First Trust is established as an investment management firm, with its headquarters in the United States (specifically Wheaton, Illinois, where First Trust maintains core operations). AFGR is a product offered by First Trust Advisors L.P. as part of its ETF platform, designed to provide access to a multi-manager large-growth equity strategy for institutional and retail investors. The geographic footprint of AFGR’s investment mandate centers on the United States, with the fund domicile and primary trading venue on a U.S. exchange (NYSE Arca), and collateral and operational support aligned with First Trust’s U.S. fund complex. Main products and services - Core product: First Trust Multi-Manager Large Growth ETF (AFGR) — actively managed ETF designed to provide long-term capital appreciation through a multi-manager approach to U.S. large-cap growth equities. - Investment structure: actively managed equity ETF utilizing multiple external growth managers; cross-manager collaboration to seek diversification of investment styles and risk factors. - Portfolio construction: U.S. large-cap growth securities; emphasis on growth characteristics, scalable business models, and strong earnings growth trajectories; approximately 80% or more of assets typically allocated to equity securities of large-cap growth companies, with ongoing risk controls and liquidity management intrinsic to ETF structures. - Trading and accessibility: listed on a major U.S. exchange (NYSE Arca); provides daily liquidity through the primary exchange and market-making ecosystem; transparent daily NAV and intraday indicative value (IIV) as standard for U.S. ETFs. - Operational and servicing features: standard ETF services including share creation/redemption in large blocks, periodic shareholder communications, and publicly disclosed holdings and performance data. Latest major company changes - Partnerships and strategic alliances: AFGR reflects a multi-manager framework that partners with multiple external asset management firms to provide the large-growth exposure; these arrangements are central to the fund’s strategy of diversified expert input on stock selection, though specific latest partnerships may vary with quarterly rebalances and manager lineups. - Funding rounds or acquisitions: AFGR as an ETF product is issued by First Trust; no separate public funding rounds or acquisitions of AFGR have been publicly disclosed in the U.S. ETF context. Any fund-level changes arise from manager line-up updates, rebalancing, or changes in the fund’s expense structure. - Product launches or service offerings: AFGR itself is the product introduced to provide a multi-manager large-growth exposure; initial launch and subsequent updates reflect the evolving multi-manager strategy and any related fee structures or index/benchmark considerations. - Strategic shifts or expansions: The fund adopts a multi-manager approach to diversify source material for stock selection and risk management within the large-growth universe; any notable shifts would typically involve changes to participating managers or portfolio construction guidelines. - Name changes or reorganizations: AFGR maintains its product identity as the First Trust Multi-Manager Large Growth ETF; no widely publicized name changes or reorganizations have been announced for the ETF itself. - Operational changes (past 1–2 years): Changes typically relate to manager rotations within the multi-manager framework, adjustments to exposure to various growth sub-segments, and ongoing compliance and regulatory updates that affect U.S. ETF operations. Additional context - Industry and segments: Investment management and exchange-traded funds; equity strategies; large-cap growth. - Target markets: Retail and institutional investors seeking diversified exposure to U.S. large-cap growth equities through an actively managed ETF structure. - Geographic operations: U.S.-focused investment mandate; listed and traded on U.S. exchanges; regulatory and administrative operations centered in the United States. - Subsidiaries/parent: The fund is a product of First Trust Advisors L.P., a subsidiary of the First Trust organization; is part of First Trust’s ETF family and broader asset-management platform. - Competitors and landscape: Competes with other actively managed or multi-manager large-cap growth ETFs and traditional passive large-cap growth ETFs across major U.S. exchanges. Please note: AFGR’s precise current lineup of sub-managers, latest changes in manager allocations, and any updates to the fund’s expense ratio or qualifying benchmarks should be verified via the fund’s most recent prospectus, quarterly reports, and official issuer communications.