First Trust Active Factor Large Cap Growth ETF (MMLG)

Key Metrics

TER 0.85% per year

Distribution policy Accumulating

Fund size USD 94 M

Inception date July 21, 2020

Holdings 76

Fund currency USD

Fund domicile US

Provider First Trust

For full official fund details, factsheets, and holdings, visit ftportfolios.com (opens in new tab).

Historical Return

Last updated: Sep 01, 2026

1 Year +4.7%

3 Years (avg.) +18.3%

5 Years (avg.) +4.9%

Risk & Analysis Metrics

Last updated: Sep 01, 2026

Volatility

16.26% 1 Year

20.24% 3 Years

24.32% 5 Years

23.65% 10 Years

Max Drawdown

-19.88% 1 Year

-26.57% 3 Years

-45.97% 5 Years

-45.97% 10 Years

Sharpe Ratio

0.07 1 Year

0.67 3 Years

0.13 5 Years

0.33 10 Years

Return Triangle (Heatmap)

Last updated: Sep 01, 2026

	2020	2021	2022	2023	2024	2025
2020	20.3%	17.7%	-5.6%	5.2%	9.5%	10.7%
2021		15.1%	-16.3%	0.6%	7.0%	8.9%
2022			-39.2%	-6.0%	4.4%	7.4%
2023				45.4%	36.8%	29.8%
2024					28.8%	22.6%
2025						16.7%

Distributions

*by ETF Portfolio Weight Last updated: Sep 01, 2026

Profit Margin Distribution

< 0%

1y 3y N/A N/A

0 - 5%

1y 3y N/A N/A

5 - 10%

1y 3y N/A N/A

10 - 15%

1y 3y N/A N/A

15 - 20%

15%

1y 3y N/A N/A

20 - 30%

18%

1y 3y N/A N/A

30 - 40%

12%

1y 3y N/A N/A

> 40%

33%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

1y 3y N/A N/A

0 - 10

1y 3y N/A N/A

10 - 15

1y 3y N/A N/A

15 - 20

1y 3y N/A N/A

20 - 25

14%

1y 3y N/A N/A

25 - 35

34%

1y 3y N/A N/A

35 - 50

15%

1y 3y N/A N/A

> 50

26%

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

0.0%

1y 3y N/A N/A

Small Cap

0.0%

1y 3y N/A N/A

Mid Cap

0.4%

1y 3y N/A N/A

Large Cap

36.7%

1y 3y N/A N/A

Mega Cap

62.9%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Aug 30, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$1.74T	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	0.36%	2.00%
Beta Indicates the relationship between the price performance of a share and the market.	1.49	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	42.84	26.29
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-20.5	-
Profitable Companies	98%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	28.31	20.25
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	14.87	9.26
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	19.45	11.73

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	33.28	12.86
Enterprise Value to Revenue Enterprise value divided by revenue	11.48	12.16
Total Debt to Enterprise Value Total debt divided by enterprise value	0.07	0.04
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	0.63	0.32
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	28.43%	21.44%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	+61.8%	+51.6%
Return on Equity Equity divided by market cap.	40.47%	2.04%
Return on Assets Indicates a company's profitability in relation to its total assets.	20.59%	4.02%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	31.20%	3.70%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

NVIDIA Corp

NVDA - Manufacturing

Market Cap $5.27T

P/E Ratio 27.4

Dividends 0.1%

Total Investment $11.14M

Weight 11.90%

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Alphabet Inc - Ordinary Shares - Class C

GOOG - Information

Market Cap $4.19T

P/E Ratio 17.2

Dividends 0.2%

Total Investment $5.35M

Weight 5.71%

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Microsoft Corporation

MSFT - Information

Market Cap $3.81T

P/E Ratio 28.5

Dividends 0.7%

Total Investment $4.53M

Weight 4.84%

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Meta Platforms Inc - Ordinary Shares - Class A

META - Information

Market Cap $1.47T

P/E Ratio 21.5

Dividends 0.4%

Total Investment $4.33M

Weight 4.63%

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Amazon.com Inc.

AMZN - Retail Trade

Market Cap $2.87T

P/E Ratio 21.1

Dividends 0.0%

Total Investment $4.31M

Weight 4.61%

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Apple Inc

AAPL - Manufacturing

Market Cap $4.7T

P/E Ratio 36.5

Dividends 0.3%

Total Investment $4.06M

Weight 4.34%

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Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

AVGOP - Manufacturing

Market Cap $1.75T

P/E Ratio 59.6

Dividends 0.7%

Total Investment $3.97M

Weight 4.24%

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Seagate Technology Holdings Plc

STX - Manufacturing

Market Cap $186.06B

P/E Ratio 57.1

Dividends 0.4%

Total Investment $2.86M

Weight 3.06%

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Taiwan Semiconductor Manufacturing - ADR

TSM - Manufacturing

Market Cap $2.17T

P/E Ratio 28.1

Dividends 0.9%

Total Investment $2.4M

Weight 2.57%

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Spotify Technology S.A.

SPOT - Information

Market Cap $112.56B

P/E Ratio 28.4

Dividends 0.0%

Total Investment $2.06M

Weight 2.20%

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Shopify Inc - Ordinary Shares - Class A

SHOP - Information

Market Cap $198.41B

P/E Ratio 102.6

Dividends 0.0%

Total Investment $1.93M

Weight 2.06%

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Lilly(Eli) & Co

LLY - Manufacturing

Market Cap $1.1T

P/E Ratio 39.3

Dividends 0.6%

Total Investment $1.82M

Weight 1.94%

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Carvana Co. - Ordinary Shares - Class A

CVNA - Retail Trade

Market Cap $81.21B

P/E Ratio 25.6

Dividends 0.0%

Total Investment $1.77M

Weight 1.89%

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Carpenter Technology Corp.

CRS - Manufacturing

Market Cap $23.67B

P/E Ratio 45.0

Dividends 0.2%

Total Investment $1.66M

Weight 1.77%

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Block Inc - Ordinary Shares - Class A

SQ - Information

Market Cap $51.73B

P/E Ratio 146.6

Dividends 0.0%

Total Investment $1.61M

Weight 1.72%

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Quanta Services, Inc.

PWR - Construction

Market Cap $90.61B

P/E Ratio 68.2

Dividends 0.1%

Total Investment $1.57M

Weight 1.68%

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Netflix Inc.

NFLX - Information

Market Cap $340.28B

P/E Ratio 25.3

Dividends 0.0%

Total Investment $1.46M

Weight 1.56%

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Lam Research Corp.

LRCX - Manufacturing

Market Cap $377.55B

P/E Ratio 52.1

Dividends 0.3%

Total Investment $1.32M

Weight 1.41%

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Cloudflare Inc - Ordinary Shares - Class A

NET - Manufacturing

Market Cap $106.39B

P/E Ratio -514.0

Dividends 0.0%

Total Investment $1.32M

Weight 1.41%

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Applovin Corp - Ordinary Shares - Class A

APP - Information

Market Cap $106.75B

P/E Ratio 24.3

Dividends 0.0%

Total Investment $1.32M

Weight 1.41%

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Manufacturing	44.6%
Information	30.9%
Retail Trade	9.8%
Finance and Insurance	2.3%
Construction	1.7%
Real Estate and Rental and Leasing	0.7%
Professional, Scientific, and Technical Services	0.7%
Accommodation and Food Services	0.5%
Transportation and Warehousing	0.4%
Financial Services	0.3%
Health Care and Social Assistance	0.2%
Mining, Quarrying, and Oil and Gas Extraction	0.1%
Other	7.7%

United States	96.4%
Sweden	1.8%
Singapore	1.0%
Other	0.9%

Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

Latest News

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Ranking the "Magnificent Seven" From Most to Least Attractive, Based on Future Cash Flow

Average metrics of all companies in portfolio

Sectors

Countries

Stock Screener

NVIDIA Corp

NVIDIA Corp

Alphabet Inc - Ordinary Shares - Class C

Alphabet Inc - Ordinary Shares - Class C

Microsoft Corporation

Microsoft Corporation

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc - Ordinary Shares - Class A

Amazon.com Inc.

Amazon.com Inc.

Apple Inc

Apple Inc

Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

Seagate Technology Holdings Plc

Seagate Technology Holdings Plc

Taiwan Semiconductor Manufacturing - ADR

Taiwan Semiconductor Manufacturing - ADR

Spotify Technology S.A.

Spotify Technology S.A.

Shopify Inc - Ordinary Shares - Class A

Shopify Inc - Ordinary Shares - Class A

Lilly(Eli) & Co

Lilly(Eli) & Co

Carvana Co. - Ordinary Shares - Class A

Carvana Co. - Ordinary Shares - Class A

Carpenter Technology Corp.

Carpenter Technology Corp.

Block Inc - Ordinary Shares - Class A

Block Inc - Ordinary Shares - Class A

Quanta Services, Inc.

Quanta Services, Inc.

Netflix Inc.

Netflix Inc.

Lam Research Corp.

Lam Research Corp.

Cloudflare Inc - Ordinary Shares - Class A

Cloudflare Inc - Ordinary Shares - Class A

Applovin Corp - Ordinary Shares - Class A

Applovin Corp - Ordinary Shares - Class A

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