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
5.3 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) | $5 |
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 +
SPOTIFY TECHNOLOGY SA | 5.6 % |
FILTRONA PLC | 5.2 % |
NETFLIX INC | 4.9 % |
YY INC-ADR | 4.8 % |
TENCENT HOLDINGS LTD | 4.6 % |
WALT DISNEY CO/THE | 4.5 % |
SONY CORP | 4.4 % |
ELECTRONIC ARTS INC | 4.4 % |
NINTENDO CO LTD | 4.3 % |
NVIDIA CORP | 4.2 % |
Constituent Breakdown
Number of holdings | 49 |
Herfindahl-Hirschman Index | 358 |
Wgt avg mkt cap (mns) | $93,660 |
Large cap (>$10bn) | 83.1% |
Mid cap ($2-10bn) | 12.2% |
Small cap (<$2bn) | 4.7% |
Developed mkts. | 81.4% |
Emerging mkts. | 18.6% |
Country Exposure
UNITED STATES | 49.1 % | |
CHINA | 17.8 % | |
JAPAN | 11.9 % | |
BRITAIN | 5.8 % | |
LUXEMBOURG | 5.6 % | |
AUSTRALIA | 3.9 % | |
SWEDEN | 2.9 % | |
MALTA | 0.5 % | |
GREECE | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 12.3% | 28.2% | 29.3% | -- | -- | -- | 3.3% | Volatility | 17.7% | 18.7% | 25.1% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.21 | 76% |
MSCI EAFE | 1.19 | 73% |
MSCI Emg Mkts | 1.10 | 64% |
Liquidity Measures
Avg. volume (000) | 5 |
Turnover | 2.5% |
Avg. Bid/Ask (% of price) | 0.31% |
ADV of underlying (mns) | $51,862 |
Technical Indicators
Recent close | $26.73 |
30d moving avg. | $25.17 |
Annualized volatility | 25.3% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 37.6% | -14 bp | +6.7% |
ODDS | Pacer BlueStar Digital Entertainment ETF | 35.8% | -10 bp | +5.2% |
ARVR | First Trust Indxx Metaverse ETF | 34.3% | 0 bp | +3.6% |
GGME | Invesco Next Gen Media and Gaming ETF | 34.0% | -10 bp | +6.7% |
OND | ProShares On-Demand ETF | 32.8% | -12 bp | +0.8% |
METV | Roundhill Ball Metaverse ETF | 27.7% | -11 bp | +6.3% |
IVRS | iShares Future Metaverse Tech and Communications ETF | 26.7% | -23 bp | -0.8% |
HERO | Global X Video Games & Esports ETF | 24.3% | -20 bp | +7.5% |
FMET | Fidelity Metaverse ETF | 24.2% | -31 bp | +8.3% |
GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 22.1% | +5 bp | +7.8% |
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 10/4/2024
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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
-3.0%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.6%. BNGE's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places BNGE in the 7th 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. | 56.6 | 40.2 | 96.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .