MGNR vs. PWER ETF Comparison

Comparison of American Beacon GLG Natural Resources ETF (MGNR) to Macquarie Energy Transition ETF (PWER)

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

$30.30

Average Daily Volume

13,226

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWER

Macquarie Energy Transition ETF

PWER Description

The ETF seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of securities in the energy, materials, industrial, renewable energy, and utilities sectors that meet the fund"s investment criteria.

Grade (RS Rating)

Last Trade

$28.44

Average Daily Volume

635

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGNR	PWER
30 Days	-2.01%	-2.77%
60 Days	9.14%	-1.50%
90 Days	12.85%	6.21%
12 Months

8 Overlapping Holdings

Symbol	Grade	Weight in MGNR	Weight in PWER	Overlap
AA	B	3.34%	5.14%	3.34%
CF	B	1.3%	5.43%	1.3%
DAR	C	1.56%	1.0%	1.0%
ENPH	D	0.43%	1.85%	0.43%
FLNC	A	2.43%	0.99%	0.99%
FSLR	C	3.03%	5.11%	3.03%
PR	F	3.33%	1.96%	1.96%
RUN	C	0.92%	3.5%	0.92%

MGNR Overweight 17 Positions Relative to PWER

Symbol	Grade	Weight
TRGP	A	4.08%
SW	A	3.51%
FANG	D	2.94%
X	C	2.47%
AR	F	2.2%
CDE	C	2.0%
CENX	B	1.91%
KNTK	B	1.86%
LBRT	F	1.77%
GEV	A	1.77%
INGR	C	1.7%
NEM	D	1.69%
AGRO	B	1.57%
BRBR	A	1.48%
PRIM	A	1.34%
CTVA	A	1.02%
RRC	C	0.99%

MGNR Underweight 15 Positions Relative to PWER

Symbol	Grade	Weight
MP	B	-4.31%
BKR	A	-3.94%
GNRC	A	-3.85%
APD	B	-3.83%
SLB	F	-2.94%
COP	C	-2.83%
EQT	B	-2.44%
CHRD	F	-2.03%
MTUS	F	-1.95%
VLO	F	-1.75%
MPC	F	-1.72%
STLD	A	-1.06%
EOG	D	-1.02%
LEU	B	-0.87%
OXY	F	-0.85%