ETF Evaluator:
American Beacon GLG Natrl Res ETF ()
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(as of Aug 26)
Best Performing in Natural Resources Over the Last Year
| 88.7% | Global X Copper Miners ETF (COPX) |
| 83.8% | Themes Copper Miners ETF (COPA) |
| 82.3% | Sprott Copper Miners ETF (COPP) |
| 81.2% | Sprott Junior Copper Miners ETF (COPJ) |
| 76.4% | iShares Copper and Metals Mining ETF (ICOP) |
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Risk
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ETF Details
American Beacon GLG Natrl Res ETF Overview
American Beacon GLG Natrl Res ETF (MGNR) is an actively managed Sector Equity Natural Resources exchange-traded fund (ETF). American Beacon launched the ETF in 2024.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies primarily engaged in natural resources and natural resources-related businesses.
About American Beacon GLG Natrl Res ETF (MGNR)
There are 1 members of the management team with an average tenure of 2.48 years: Albert Chu (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and S&P Global Natural Resources TR USD index with a weighting of 100%. American Beacon GLG Natrl Res ETF has 46 securities in its portfolio. The top 10 holdings constitute 38.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
American Beacon GLG Natrl Res ETF is part of the Equity global asset class and is within the Sector Equity ETF group. American Beacon GLG Natrl Res ETF has 44.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.6% There is 44.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Beacon GLG Natrl Res ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $841 million in total assets, which is below the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MGNR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Beacon GLG Natrl Res ETF expense ratio is above average compared to funds in the Natural Resources category. American Beacon GLG Natrl Res ETF has an expense ratio of 0.75%, which is 42% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. American Beacon GLG Natrl Res ETF has a portfolio turnover rate of 80%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Natural Resources category.
Recently, in the month of July 2026, American Beacon GLG Natrl Res ETF returned 0.5%, which earned it a grade of B, as the Natural Resources category had an average return of -2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
American Beacon GLG Natrl Res ETF has a trailing yield of 0.84%, which is below the 2.30% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
American Beacon GLG Natrl Res ETF Grades
Year to date, the ETF has returned 11.3%, 4.8 percentage points better than the category, which translates into a grade of C. The fund has returned 49.2% over the past year (grade of B).
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MGNR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MGNR Return (NAV) | 0.5% | -9.5% | 49.2% | na | na | na |
| MGNR Return (Price) | 0.6% | -9.8% | 49.2% | na | na | na |
| NAV +/- Price Return | -0.082% | 0.260% | 0.005% | na | na | na |
| Natural Resources Avg | -2.2% | -9.2% | 33.5% | 9.8% | 7.4% | 10.4% |
| MGNR Grade (NAV) | B | D | B | na | na | na |
| +/- Category (NAV) | 2.7% | -0.3% | 15.7% | na | na | na |
| MGNR Tax-Cost Ratio | na | na | 0.4% | na | na | na |
MGNR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MGNR Return (NAV) | 11.3% | 50.2% | na | na | na | na | na | na | na | na | na |
| MGNR Return (Price) | 11.0% | 50.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.021% | 0.007% | na | na | na | na | na | na | na | na | na |
| Natural Resources Avg | 6.5% | 43.5% | -6.0% | 9.9% | -7.3% | 30.1% | 22.9% | 18.4% | -16.7% | 25.1% | 28.4% |
| MGNR Grade (NAV) | C | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.8% | 6.7% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.8% |
| Total Assets: | $ 842 Mil |
| Share Class Assets: | $ 842 Mil |
| Turnover: | 80.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Chu Albert (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 38.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 44.8% |
Portfolio Allocation |
|
| Domestic Stock: | 54.6% |
| Foreign Stock: | 44.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | American Beacon |
| Phone Number: | 833-471-3562 |
| Website: | www.americanbeaconfunds.com |
| Inception Date: | February 5, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.53% |
