American Beacon GLG Natural Resources ETF
MGNR
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- American Beacon GLG Natural Resources ETF (MGNR) is an actively managed exchange-traded fund that seeks long-term capital appreciation through investments primarily in equity securities of 30 to 60 companies involved in natural resources and natural resources-related businesses worldwide. The fund employs a fundamental research-driven strategy combining top-down commodity views, sub-sector selection, and bottom-up stock picking to target companies with strong historical capital appreciation potential; its portfolio is allocated across sectors including materials (59.3%), energy (17.6%), consumer staples (9.3%), industrials (9.2%), utilities (2.7%), and information technology (2%), with key holdings such as Hudbay Minerals Inc., Equinox Gold Corp., Teck Resources Ltd., Kinross Gold Corp., and AngloGold Ashanti PLC as of late 2025. Launched on February 5, 2024, and listed on NYSE Arca, Inc., MGNR is advised by American Beacon Advisors, Inc., headquartered in Irving, Texas, with sub-advisory services provided by GLG LLC (Man GLG), a firm founded in 1995 and acquired by Man Group plc in 2010, utilizing an expense ratio of 0.75%. The ETF targets institutional and retail investors seeking exposure to natural resources equities, which offer diversification benefits due to low correlations with broader equity markets and bonds, as well as potential inflation-hedging properties through commodity-linked performance. Geographically, MGNR invests globally, with significant exposure to U.S., Canadian, and international issuers in mining, energy, agriculture, and related value chains. Portfolio manager Albert Chu leverages over 20 years of experience in natural resources and commodities investing. In a notable strategic development, American Beacon launched MGNR on February 6, 2024, as its second ETF and the fifth active fund in collaboration with Man Group, building on a decade-long partnership that underscores ongoing alignment in expanding natural resources offerings amid trends like energy transition, AI-driven power demand, and geopolitical supply shifts. The fund has demonstrated strong performance since inception, with NAV total returns of 36.79% cumulative through November 30, 2025, and year-to-date gains of 47.71% as of the same date, outperforming the S&P Global Natural Resources Index and Morningstar Natural Resources Category averages. No major acquisitions, funding rounds, or reorganizations have been reported for the ETF in the last 1-2 years beyond routine portfolio adjustments to reflect evolving commodity dynamics.