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First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF (MMLG)
Look-through valuation · Style & factor · Expense ratio 0.85 % · ISIN US33740F7895
Price history (since 2020)
Monthly close since 2020. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Alphabet Inc Class A GOOGL | 12.1 % | n/a | n/a |
| NVIDIA Corporation NVDA | 10.1 % | −50.7 % | 65 |
| Microsoft Corporation MSFT | 4.3 % | −29.5 % | 58 |
| Apple Inc. AAPL | 4.3 % | −63.5 % | 83 |
| Broadcom Inc AVGO | 4.0 % | −78.3 % | 65 |
| Meta Platforms Inc. META | 3.6 % | −9.9 % | 56 |
| Amazon.com Inc AMZN | 3.5 % | −44.8 % | 50 |
| Johnson & Johnson JNJ | 2.0 % | −36.4 % | 85 |
| Applied Materials Inc AMAT | 1.9 % | −72.3 % | 74 |
| Visa Inc. Class A V | 1.9 % | −43.7 % | 78 |
| Spotify Technology SA SPOT | 1.8 % | −57.6 % | 55 |
| Mastercard Inc MA | 1.8 % | −59.8 % | 76 |
| Cisco Systems Inc CSCO | 1.8 % | −62.4 % | 77 |
| Eli Lilly and Company LLY | 1.7 % | −66.9 % | 74 |
| Lam Research Corp LRCX | 1.6 % | −76.3 % | 77 |
| Carvana Co CVNA | 1.4 % | −67.4 % | 36 |
| Palo Alto Networks Inc PANW | 1.4 % | −77.4 % | 65 |
| Welltower Inc WELL | 1.4 % | −80.0 % | 56 |
| Quanta Services Inc PWR | 1.4 % | −76.8 % | 54 |
| The TJX Companies Inc TJX | 1.3 % | −45.7 % | 70 |
| Netflix Inc NFLX | 1.2 % | −29.9 % | 65 |
| Progressive Corp PGR | 1.2 % | +17.0 % | 63 |
| NetApp Inc NTAP | 1.2 % | −24.5 % | 79 |
| Cloudflare Inc NET | 1.2 % | −79.1 % | 38 |
| Cadence Design Systems Inc CDNS | 1.2 % | −76.3 % | 66 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +22.2 % below FV
- 2 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +17.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +9.8 % below FV
- 4 SHRY First Trust Bloomberg Shareholder Yield ETF +2.2 % below FV
- 5 COWZ Pacer US Cash Cows 100 ETF -0.3 % above FV
- 6 C001 Amundi Core DAX UCITS ETF Dist -2.4 % above FV
- 7 XLC Communication Services Select Sector SPDR® Fund -4.2 % above FV
- 8 EWP iShares MSCI Spain ETF -4.8 % above FV
- 9 FTXO First Trust Nasdaq Bank ETF -6.0 % above FV
- 10 KRE SPDR® S&P Regional Banking ETF -8.9 % above FV
How the look-through works
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Jul 28, 2026
No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.