BNGE
First Trust S-Network Streaming and Gaming ETF
BNGE tracks a market cap-weighted index of companies around the globe that are actively involved in content streaming, eSports, and iGaming.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
4.3 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2022 |
| Assets (mns) | $4 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBLOX CORP. CLASS A | 5.2 % |
| SPOTIFY TECHNOLOGY SA | 5.2 % |
| NETFLIX INC | 5.1 % |
| WALT DISNEY CO/THE | 4.9 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 4.9 % |
| FILTRONA PLC | 4.8 % |
| SONY CORP | 4.6 % |
| YY INC-ADR | 4.6 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 4.6 % |
| ELECTRONIC ARTS INC | 4.5 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 365 |
| Wgt avg mkt cap (mns) | $83,057 |
| Large cap (>$10bn) | 80.2% |
| Mid cap ($2-10bn) | 16.3% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 80.1% |
| Emerging mkts. | 19.9% |
Country Exposure
 |
UNITED STATES | 45.7 % |
 |
CHINA | 18.1 % |
 |
JAPAN | 13.4 % |
 |
BRITAIN | 6.4 % |
 |
LUXEMBOURG | 5.2 % |
 |
AUSTRALIA | 4.6 % |
 |
SWEDEN | 2.3 % |
 |
SOUTH KOREA | 1.6 % |
 |
HONG KONG | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.2% | 27.2% | 26.0% | -- | -- | -- | 6.3% | Volatility | 17.9% | 18.0% | 21.4% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.24 | 76% |
| MSCI EAFE | 1.15 | 65% |
| MSCI Emg Mkts | 1.04 | 56% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $12,645 |
Technical Indicators
| Recent close | $28.42 |
| 30d moving avg. | $28.69 |
| Annualized volatility | 25.1% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 7.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BNGE |
Expenses vs. BNGE |
ALTAR Score™ vs. BNGE |
|---|---|---|---|---|
| ESPO | VanEck Video Gaming and eSports ETF | 42.7% | -14 bp | +6.8% |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 38.6% | -10 bp | +5.6% |
| OND | ProShares On-Demand ETF | 30.5% | -12 bp | +1.2% |
| GGME | Invesco Next Gen Media and Gaming ETF | 30.4% | -10 bp | +5.9% |
| ARVR | First Trust Indxx Metaverse ETF | 30.3% | 0 bp | +4.1% |
| HERO | Global X Video Games & Esports ETF | 30.1% | -20 bp | +7.7% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 27.9% | -23 bp | -1.6% |
| NERD | Roundhill Video Games ETF | 25.7% | -20 bp | +10.2% |
| GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 25.5% | +5 bp | +7.8% |
| METV | Roundhill Ball Metaverse ETF | 24.3% | -11 bp | +6.6% |
Risk and Returns: BNGE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/24/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BNGE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
BNGE
-3.4%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.7%. BNGE's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places BNGE in the 6th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BNGESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| BNGE (70 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BNGE | 70.0 | 31.1 | 101.1 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .