ATLASAmerican Beacon GLG Natural Resources ETF (MGNR): outlook, holdings and fees
American Beacon GLG Natural Resources ETF (MGNR) is an exchange-traded fund and is managed by American Beacon. The expense ratio is 0.78% and the yield is 0.81%. The ten largest holdings are 38% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MGNR
| Last price | $47.41 (+0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $45.77 – $49.47 |
| Normal 1-day range (±1σ) | ±1.3% |
| Distribution yield | 0.81% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
MGNR fund facts
| Issuer | American Beacon |
|---|---|
| Theme | Other strategies |
| Assets under management | $1.3B |
| Expense ratio | 0.78% |
| Number of holdings | 45 |
| Portfolio turnover | 0% |
| Inception | Feb 5, 2024 |
| Exchange | NYSE |
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.
MGNR top holdings
| Holding | Sector | Weight |
|---|---|---|
| ArcelorMittal SA ADR MT | Basic Materials | 4.31% |
| Range Resources Corp RRC | Energy | 4.03% |
| Venture Global, Inc. VG | Energy | 4.03% |
| Smurfit WestRock plc SW | Consumer Cyclical | 4.02% |
| HudBay Minerals Inc HBM | Basic Materials | 3.94% |
| Teck Resources Limited TECK-B | Basic Materials | 3.58% |
| AngloGold Ashanti plc AU | Basic Materials | 3.68% |
| Antero Resources Corp AR | Energy | 3.71% |
| Equinox Gold Corp EQX | Basic Materials | 3.52% |
| Vista Energy, S.A.B. de C.V. VIST | Energy | 3.37% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MGNR sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 53.9% |
| Energy | 25.0% |
| Consumer Defensive | 10.0% |
| Consumer Cyclicals | 5.2% |
| Industrials | 3.0% |
| Financial Services | 1.6% |
| Technology | 1.5% |
By region: North America 83.0%, Europe Developed 9.2%, Latin America 3.7%, Africa/Middle East 1.9%, Asia Developed 1.2%.
MGNR returns and risk
| Year to date | +13.1% |
|---|---|
| 1 year | +24.8% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
MGNR: frequently asked questions
What does MGNR invest in?
American Beacon GLG Natural Resources ETF invests in a portfolio of securities. Its largest holdings are ArcelorMittal SA ADR (4.3%), Range Resources Corp (4.0%), Venture Global, Inc. (4.0%), Smurfit WestRock plc (4.0%), HudBay Minerals Inc (3.9%).
What is the MGNR expense ratio?
0.78% a year: about $78.00 for every $10,000 invested.
What is the MGNR dividend yield?
0.81%. ATLAS does not hold the exact distribution dates for ETFs.
Will MGNR go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $45.77 to $49.47 from $47.41 today. It is a probability, not a prediction.
How has MGNR performed?
Year to date +13.1%, one year +24.8%. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer