First Trust Multi-Manager Large Growth ETF
MMLG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Chun Wai Franky Choi
- Full Time Employees
- 67
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive Wheaton IL United States of America 60187
- IPO Date
- Jul 22, 2020
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Multi-Manager Large Growth ETF (MMLG) is an actively managed exchange-traded fund that seeks to provide investment results tracking a portfolio of large capitalization growth companies by allocating assets to multiple sub-advisors, including Wellington Management Company LLP and Sands Capital Management LLC, under the oversight of First Trust Advisors L.P.. The fund invests at least 80% of its net assets in equity securities of large-cap growth issuers, with top holdings including NVIDIA Corp., Microsoft Corp., Alphabet Inc., Broadcom Inc. and Meta Platforms Inc.; it also maintains exposure to sectors such as information technology and financials, alongside minor non-U.S. stock and cash positions.. Issued by First Trust Exchange-Traded Fund VIII, a series of the First Trust open-end management investment company organized in 2016, MMLG was launched on July 21, 2020, and trades on U.S. exchanges with total net assets of approximately $77.76 million and a net expense ratio of 0.85%.. First Trust Advisors L.P., the fund's investment adviser and an affiliate of First Trust Portfolios L.P., was established in 1991 and is headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee; the firm specializes in a broad range of investment products including exchange-traded funds, unit investment trusts, closed-end funds, mutual funds, variable annuities, structured products and separately managed accounts.. The ETF primarily targets individual investors, financial advisors and institutions seeking diversified exposure to U.S. large-cap growth equities through a multi-manager approach designed to leverage diverse investment philosophies and mitigate risks via lower correlation among sub-advisors.. In recent developments, First Trust completed the reorganization of certain WCM funds into its platform in October 2024, expanding its actively managed ETF offerings, while earlier in 2022, First Trust Capital Partners acquired Veriti Management LLC to enhance direct indexing capabilities, supporting personalized portfolio solutions that complement multi-manager strategies like those employed by MMLG.. The fund has continued to emphasize mega-cap technology leaders amid market rotations, though it has faced performance challenges relative to single-manager peers such as Vanguard Growth ETF (VUG) and Invesco NASDAQ 100 ETF (QQQM) over the past year due to multi-manager decision-making dynamics.. MMLG operates within the large growth segment of the U.S. equity market, domiciled in the United States and available for sale primarily to U.S. investors..