MGNR vs. RING ETF Comparison

Comparison of American Beacon GLG Natural Resources ETF (MGNR) to iShares MSCI Global Gold Miners Fund (RING)

MGNR

American Beacon GLG Natural Resources ETF

MGNR Description

MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.

Grade (RS Rating)

Last Trade

$30.60

Average Daily Volume

19,078

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

RING

iShares MSCI Global Gold Miners Fund

RING Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Gold Miners Investable Market Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities of companies primarily engaged in the business of gold mining in both developed and emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.66

Average Daily Volume

195,917

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	MGNR	RING
30 Days	4.47%	4.24%
60 Days	12.11%	12.27%
90 Days	0.22%	17.53%
12 Months		71.70%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGNR	Weight in RING	Overlap
	AU	D	4.34%	4.27%	4.27%

MGNR Overweight 4 Positions Relative to RING

	Symbol	Grade	Weight
	TRGP	C	4.47%
	PR	F	4.36%
	DAR	F	4.22%
	FANG	F	3.93%

MGNR Underweight 2 Positions Relative to RING

	Symbol	Grade	Weight
	NEM	C	-21.24%
	GOLD	C	-11.61%

MGNR: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Gold Oil & Gas Midstream Waste Management

Keywords: Legend Natural Gas Natural Gas Permian Basin S&P 500 Acid Animal Product Barge Bioenergy Biofuel Crude Oil Crude Oil Equivalent Crude Oil Gathering Diamondback Energy Disposal Services Food Ingredients Food Service Food Service Establishments Foods Fuel Gas Gathering

RING: Top Represented Industries & Keywords

Industries: Gold

Keywords: Mining Gold Acid Copper S&P 500 Sulfur Uranium