BNGE: FIRST TRUST S-NETWORK STREAMING & GAMING ETF
What this ETF is trying to do
The First Trust S-Network Streaming & Gaming ETF (BNGE) focuses on companies involved in streaming and gaming. Its Top Holdings include well-known names like Nintendo (5.88%), Sony Group Corp (5.45%), Roku Inc (5.08%), Spotify Technology (5.08%), and The Walt Disney Co (5.08%). These holdings were last updated on October 4, 2026.
What the numbers show
The current price of the ETF is $31.71. To understand how the price has changed, we can look at the price return (which only tracks the share price) and the total return (which includes distributions).
• Year-to-Date (YTD): The price return is -15.54%, and the total return is -15.38%.
• One Year: The price return is -21.12%, and the total return is -20.83%.
• Three Year: The price return is 50.92%, and the total return is 53.58%.
For a price-only example, the estimated price from roughly one year ago was $40.20. If you had invested $10,000 based on that estimated price, the value of those shares would have declined by approximately 21.12% over the year, regardless of any distributions received.
Income and distribution explanation
This ETF provides cash distributions to investors, but they are irregular and less frequent. In the last 12 months, it paid out twice. The distribution yield is 0.38%.
It is important for beginners to know that a distribution yield is not the same as a total return. A yield tells you how much cash was paid out relative to the price, but it does not guarantee that your original investment (the principal) is safe.
NAV erosion explanation
"NAV erosion" happens when the underlying value of an ETF's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. BNGE has an erosion score of 55, which is labeled as "Moderate price erosion." While there is a moderate risk flag, the severe erosion-risk flag is currently false.
Pros
• Long-term Growth: The three-year total return is positive at 53.58%.
• Industry Exposure: It provides a way to invest in a variety of streaming and gaming companies.
Cons
• Recent Decline: Both the YTD and one-year total returns are negative.
• Low Income: The distribution yield is low, and the income rating grade is an "F."
Beginner takeaway
BNGE allows investors to own a basket of gaming and streaming stocks. While it has shown strong growth over a three-year period, it has seen a significant share-price decline over the last year. Investors should remember that high yields or specific industry themes do not guarantee that the share price will stay stable.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | WARNER BROS. DISCOVERY INC ORDINARY SHARES CLASS A | WBD | 5.66% |
| 2 | NINTENDO CO LTD | n/a | 5.54% |
| 3 | SONY GROUP CORP | n/a | 5.52% |
| 4 | ROKU INC CLASS A | ROKU | 5.29% |
| 5 | THE WALT DISNEY CO | DIS | 5.17% |
| 6 | SPOTIFY TECHNOLOGY SA | SPOT | 4.74% |
| 7 | ARISTOCRAT LEISURE LTD | n/a | 4.68% |
| 8 | TENCENT HOLDINGS LTD | n/a | 4.40% |
| 9 | NETFLIX INC | NFLX | 4.33% |
| 10 | NETEASE INC ORDINARY SHARES | n/a | 4.28% |