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
3.9 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 +
| SPOTIFY TECHNOLOGY SA | 5.6 % |
| NETFLIX INC | 5.3 % |
| FILTRONA PLC | 5.1 % |
| TENCENT HOLDINGS LTD | 5.0 % |
| NVIDIA CORP | 4.9 % |
| WALT DISNEY CO/THE | 4.5 % |
| ELECTRONIC ARTS INC | 4.5 % |
| YY INC-ADR | 4.4 % |
| NINTENDO CO LTD | 4.3 % |
| SONY CORP | 4.2 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 361 |
| Wgt avg mkt cap (mns) | $96,470 |
| Large cap (>$10bn) | 83.0% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 79.6% |
| Emerging mkts. | 20.4% |
Country Exposure
 |
UNITED STATES | 49.3 % |
 |
CHINA | 18.6 % |
 |
JAPAN | 11.4 % |
 |
BRITAIN | 5.7 % |
 |
LUXEMBOURG | 5.7 % |
 |
AUSTRALIA | 3.9 % |
 |
SWEDEN | 2.6 % |
 |
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) | 4 |
| Turnover | 2.7% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $44,619 |
Technical Indicators
| Recent close | $25.88 |
| 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 | 37.2% | -14 bp | +6.7% |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 35.7% | -10 bp | +5.2% |
| ARVR | First Trust Indxx Metaverse ETF | 34.1% | 0 bp | +3.6% |
| GGME | Invesco Next Gen Media and Gaming ETF | 33.5% | -10 bp | +6.1% |
| OND | ProShares On-Demand ETF | 32.3% | -12 bp | +0.3% |
| METV | Roundhill Ball Metaverse ETF | 27.9% | -11 bp | +6.7% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 27.1% | -23 bp | -2.3% |
| FMET | Fidelity Metaverse ETF | 24.2% | -31 bp | +7.8% |
| HERO | Global X Video Games & Esports ETF | 23.7% | -20 bp | +7.4% |
| GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 21.5% | +5 bp | +7.5% |
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 10/22/2024
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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
-2.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. BNGE's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places BNGE in the 8th 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 | 96.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .