IQ

MGNR American Beacon GLG Natural Resources ETF

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$47.21
+1.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, MGNR returned 21.7%, against 32.9% for GNR.

Why did MGNR return +21.7% over one year, against GNR’s +32.9%?What does MGNR hold that the S&P 500 does not?What does MGNR cost to hold and to trade?
Holds 40 stocks in natural resources, 21% of its weight in S&P 500 companiesAmerican Beacon ↗Expense ratio 0.75%Fund assets $842m net assets, latest filing (Jul 31, 2026)First traded Feb 6, 2024Benchmark S&P Global Natural Resources Index, measured by GNR, which tracks the same indexSEC filings ↗Every American Beacon fund ETFIQ coversDividend history

Promise check: Not measuredETFIQ has not yet listed which companies belong to the natural resources theme.

Compare with…Trading costsPut to the committeeaskIQ about MGNRAdd to portfolioAlerts

MGNR risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

MGNR −5.7%, GNR −0.5%: total return over one month to Nov 4, 2026.
MGNR−5.7%
GNR−0.5%
MGNR −6.7%, GNR +1.4%: total return over three months to Nov 4, 2026.
MGNR−6.7%
GNR+1.4%
MGNR −12.8%, GNR +0.4%: total return over six months to Nov 4, 2026.
MGNR−12.8%
GNR+0.4%
MGNR +7.6%, GNR +21.1%: total return over the year to Nov 4, 2026.
MGNR+7.6%
GNR+21.1%
MGNR +21.7%, GNR +32.9%: total return over one year to Nov 4, 2026.
MGNR+21.7%
GNR+32.9%
MGNR +98.8%, GNR +53.2%: total return since launch to Nov 4, 2026.
MGNR+98.8%
GNR+53.2%
askIQ: why did MGNR return +21.7% over one year, against GNR’s +32.9%? ↗

What did you actually buy?

Natural resources · holdings as of Jul 31, 2026
21.3%
Already in the S&P 500
Report
99.6%
Active share vs the S&P 500
Report
41.3%
Top ten holdings
Report
+21.7%
Total return, 1 year
Report
1.0%
12-month yield, capital gains included, on its starting price
Report
$0.0465
Last payment (paid quarterly), ex-date Oct 2, 2026
Report
Share already in the S&P 500
21.3% of the fund by weight, holdings as of Jul 31, 2026.
Ten largest holdings
ArcelorMittal SA4.7%
Hudbay Minerals Inc4.7%
Teck Resources Ltd4.4%
Smurfit Westrock PLC4.4%
Range Resources Corp4.4%
Vista Energy SAB de CV3.8%
First Quantum Minerals Ltd3.8%
Venture Global Inc3.8%
Antero Resources Corp3.7%
Darling Ingredients Inc3.6%
askIQ: what does MGNR hold that the S&P 500 does not? ↗

More on MGNR

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Price, 1 year

$47.21+1.0%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +21.7%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

MGNR returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (GNR)Gap to GNRS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−5.7%−0.5%−5.2 pts−1.0%
3M Aug 5 – Nov 4, 2026−6.7%+1.4%−8.1 pts−0.1%
6M May 6 – Nov 4, 2026−12.8%+0.4%−13.2 pts+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+7.6%+21.1%−13.5 pts+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+21.7%+32.9%−11.2 pts+14.8%
Since launch Feb 6, 2024 – Nov 4, 2026+98.8%+53.2%+45.6 pts+60.3%
Since launch, annualised Feb 6, 2024 – Nov 4, 2026+28.4%–––

Total returns, distributions reinvested. Listed Feb 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

MGNR key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$56.35 on Jun 2, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$39.26 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$47.21, 47% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)1.24, against GNR
R-squared, the same days (ETFIQ)0.77
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Holdings40
Top ten holdings weight41.3%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Apr 15, 2026
Trading · MGNRas of Apr 15, 2026
·
Not scored1 of 6 measured · Apr 15, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

MGNR for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
MGNR interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

MGNR is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About MGNR

Theme (ETFIQ, editorial)Natural resources
First tradedFeb 6, 2024
Already in the S&P 500, by weight (ETFIQ)21.3%
Outside the S&P 500, by weight (ETFIQ)79%
Active share vs the S&P 500 (ETFIQ)99.6%
Already in the Nasdaq-100, by weight (ETFIQ)2.3%
Active share vs the Nasdaq-100 (ETFIQ)99.8%
Top ten holdings weight41.3%
Holdings40
Holdings as of (SEC N-PORT)Jul 31, 2026
Top holdingsArcelorMittal SA 4.7%, Hudbay Minerals Inc 4.7%, Teck Resources Ltd 4.4%, Smurfit Westrock PLC 4.4%, Range Resources Corp 4.4%, Vista Energy SAB de CV 3.8%, First Quantum Minerals Ltd 3.8%, Venture Global Inc 3.8%, Antero Resources Corp 3.7%, Darling Ingredients Inc 3.6%
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$842mReport
Benchmark (ETFIQ, from its filings)S&P Global Natural Resources Index, measured by GNR, which tracks the same index
Benchmark named inits shareholder report, N-CSR/A, Apr 8, 2026
MGNR, 1 year to Nov 4, 2026+21.7%
GNR, the same days+32.9%
Against its benchmark, 1 year (ETFIQ)−11.2 pts
Below its all-time high (ETFIQ)−16.0%
Expense ratio (485BPOS XBRL, May 28, 2026)0.75%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.75%
Against its benchmark, 1 yearbehind by 11.2 pts
Below its all-time high16.0%, high on Jun 2, 2026
How we measure
The top ten holdings are 41% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +21.7% with distributions reinvested against +32.9% for its benchmark, the S&P Global Natural Resources Index, so a holder was behind by 11.2 pts. It sits 16.0% below its all-time high of Jun 2, 2026.
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on MGNR

12 seats on MGNR, as of Nov 4, 2026: 4 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put MGNR to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about MGNR

How much of MGNR is in S&P 500 companies?
By its holdings filed for Jul 31, 2026, 21% of MGNR by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.
What does MGNR hold?
40 positions as filed for Jul 31, 2026, with the top ten at 41% of the fund. The largest are ArcelorMittal SA at 4.7%, Hudbay Minerals Inc at 4.7%, Teck Resources Ltd at 4.4%.
Has MGNR beaten the S&P 500?
Over the year to Nov 4, 2026 MGNR returned +21.7% with distributions reinvested, against +14.8% for the S&P 500, so it finished ahead of the index by 6.9 points.
What does MGNR cost?
The prospectus expense ratio is 0.75% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.75%.
Sources and dates
Prices, MGNR, Benchmark (GNR) and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.75%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $842mSEC filing, whole fund · Jul 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerAmerican Beacon website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, MGNR, thematic ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/mgnr

The difference bar for MGNR, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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MGNR: 21% of MGNR's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Jul 31, 2026.
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<figcaption style="font:13px/1.5 sans-serif">MGNR: 21% of MGNR&#x27;s weight is in S&amp;P 500 companies and 79% is outside the index. Holdings as of Jul 31, 2026. Data: <a href="https://etfiq.com/funds/mgnr">ETFIQ</a></figcaption>
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