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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. The Fund considers companies primarily engaged in natural resources and natural resources-related businesses to be those with a majority of assets, revenues or earnings, directly or indirectly through subsidiaries, from owning, producing, refining, processing, transporting, distributing, mining, exploring, storing, or otherwise handling natural resources, or from activities that directly rely on or support natural resources, such as producing food, delivering utilities, selling machines for natural resources uses, and deriving materials such as fertilizer, glass, paper and plastic. The Fund considers natural resources to generally include, but not be limited to, metals, agricultural products, timber, water, energy (including fossil fuel and renewable sources), and chemicals.
American Beacon Select Funds American Beacon Glg Natural Resources ETF trades on the ARCA stock market under the symbol MGNR.
As of September 2, 2026, MGNR stock price climbed to $54.78 with 29,617 million shares trading.
MGNR has a beta of 0.80, meaning it tends to be less sensitive to market movements. MGNR has a correlation of 0.18 to the broad based SPY ETF.
MGNR has a market cap of $1.30 billion. This is considered a Small Cap stock.
MGNR has outperformed the market in the last year with a price return of +51.2% while the SPY ETF gained +19.8%. However, in the short term, MGNR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.6% vs +1.1% return in SPY. But in the last 2 weeks, MGNR shares have fared better than the market returning +4.5% compared to SPY -0.3%.
MGNR support price is $53.49 and resistance is $55.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGNR shares will trade within this expected range on the day.
