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First Trust S-Network Streaming & Gaming ETF (BNGE)
Investment Objective/Strategy - The First Trust S-Network Streaming & Gaming ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the S-Network Streaming & Gaming Index (the "Index"). The Fund will normally invest at least 80% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by S-Network Global Indexes, Inc. (the "Index Provider"). The Index Provider retains the right at any time, upon prior written notice, to modify the Index methodology.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The index begins with a universe of common stocks and depositary receipts of companies listed on a global securities exchange and issued by companies in one of the following business segments:
    • Content Streaming
    • E-Sports
    • iGaming
  • To be eligible for the index, a security must meet the following criteria:
    • Minimum market capitalization of $100 million;
    • Free-float adjusted market capitalization value of at least $50 million;
    • Three-month average daily dollar trading value of at least $3 million;
    • Minimum free float of 20%.
  • All eligible securities are ranked by a score based upon their market capitalization and average daily trading value. The top 15 companies within each segment are selected.
  • Securities selected for inclusion in the index will be weighted based upon their market capitalizations.
  • The index is reconstituted and rebalanced quarterly.
Fund Overview
TickerBNGE
Fund TypeEntertainment
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33738R647
ISINUS33738R6475
Intraday NAVBNGEIV
Fiscal Year-End03/31
ExchangeNYSE Arca
Inception1/25/2022
Inception Price$24.46
Inception NAV$24.46
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 5/24/2022)
Closing NAV1$18.56
Closing Market Price2$18.60
Bid/Ask Midpoint$18.62
Bid/Ask Premium0.32%
30-Day Median Bid/Ask Spread30.62%
Total Net Assets$2,784,177
Outstanding Shares150,002
Daily Volume0
Average 30-Day Daily Volume2,679
Closing Market Price 52-Week High/Low$26.46 / $17.62
Closing NAV 52-Week High/Low$26.44 / $17.58
Number of Holdings (excluding cash)46
Top Holdings (as of 5/24/2022)*
Holding Percent
Electronic Arts Inc. 6.12%
NetEase, Inc. (ADR) 5.67%
Activision Blizzard, Inc. 5.31%
Tencent Holdings Limited 4.99%
Sony Corporation 4.95%
Advanced Micro Devices, Inc. 4.85%
Intel Corporation 4.84%
Nintendo Co., Ltd. 4.33%
The Walt Disney Company 4.26%
Kuaishou Technology 3.96%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 4/29/2022)4
Maximum Market Cap.$464,420
Median Market Cap.$9,507
Minimum Market Cap.$406
Price/Earnings22.48
Price/Book3.21
Price/Cash Flow15.52
Price/Sales2.85
Top Country Exposure (as of 5/24/2022)
Country Percent
United States 50.25%
China 18.54%
Japan 9.31%
Sweden 7.23%
Australia 4.91%
Ireland 3.68%
United Kingdom 1.93%
South Korea 1.36%
Greece 0.57%
Singapore 0.57%
Bid/Ask Premium/Discount (as of 5/24/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium --- 40 35 ---
Days Traded at Discount --- 6 2 ---
Top Industry Exposure (as of 5/24/2022)
Entertainment 44.22%
Hotels, Restaurants & Leisure 22.35%
Semiconductors & Semiconductor Equipment 13.42%
Interactive Media & Services 10.73%
Household Durables 4.97%
Software 1.84%
Media 1.37%
Specialty Retail 1.10%
Hypothetical Growth of $10,000 Since Inception (as of 5/24/2022) *
Tracking Index: S-Network Streaming & Gaming Index™

Month End Performance (as of 4/29/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception5
Fund Performance *
Net Asset Value (NAV) -23.42% N/A N/A N/A N/A N/A -20.47%
After Tax Held -23.42% N/A N/A N/A N/A N/A -20.48%
After Tax Sold -13.86% N/A N/A N/A N/A N/A -12.12%
Market Price -23.58% N/A N/A N/A N/A N/A -20.15%
Index Performance **
S-Network Streaming & Gaming Index™ -22.44% N/A N/A N/A N/A N/A -19.85%
MSCI ACWI Index -8.44% N/A N/A N/A N/A N/A -6.18%
Quarter End Performance (as of 3/31/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception5
Fund Performance *
Net Asset Value (NAV) N/A N/A N/A N/A N/A N/A -4.81%
After Tax Held N/A N/A N/A N/A N/A N/A -4.82%
After Tax Sold N/A N/A N/A N/A N/A N/A -2.85%
Market Price N/A N/A N/A N/A N/A N/A -4.28%
Index Performance **
S-Network Streaming & Gaming Index™ N/A N/A N/A N/A N/A N/A -4.13%
MSCI ACWI Index N/A N/A N/A N/A N/A N/A 1.98%

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the S-Network Streaming & Gaming Index™ is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

MSCI ACWI Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.

Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 All market capitalization numbers are in USD$ Millions.
5 Inception Date is 1/25/2022

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Risk Considerations

A fund’s return may not match the return of its underlying index. A fund invests in securities included in the index regardless of investment merit and the securities held by a fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund’s authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to a fund’s net asset value and possibly face delisting.

A fund’s shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund’s investment objective will be achieved. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain fund investments as well as fund performance. The COVID-19 global pandemic has caused and may continue to cause significant volatility and declines in global financial markets. While the U.S. has resumed “reasonably” normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

The success of consumer discretionary companies is tied closely to the performance of the overall U.S. and international economies, interest rates, competition, consumer confidence, disposable household income and consumer spending. Changes in demographics and consumer tastes can also affect the demand for consumer discretionary products.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

Depositary receipts may be less liquid than the underlying shares in their primary trading market.

A fund may be a constituent of one or more indices or models which could greatly affect a fund’s trading activity, size and volatility.

There is no assurance that the index provider or its agents will compile or maintain the index accurately.

Large inflows and outflows may impact a new fund’s market exposure for limited periods of time.

A fund classified as “non-diversified” may invest a relatively high percentage of its assets in a limited number of issuers. As a result, a fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks.

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Streaming and gaming companies can face intense competition, may be dependent on a limited number of products which can rapidly become obsolete and often heavily rely on the protection of patents and trademarks. They can be subject to intense litigation regarding intellectual property rights, cybersecurity and privacy. These companies are also subject to changes in economic conditions, consumer demand, discretionary spending and technological developments. Additionally, legislative or regulatory changes can impact the ability for these companies to operate in certain jurisdictions and the activities in which they are allowed to engage, which could significantly affect their profitability.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

S-Network and S-Network Streaming & Gaming Index are service marks of S-Network Global Indexes, Inc. (“S-Network”) and have been licensed for use by First Trust Advisors L.P. The fund is not issued, sponsored, endorsed, sold or promoted by S-Network or its affiliates. S-Network makes no representation or warranty, express or implied, to the purchasers or owners of the fund or any member of the public regarding the advisability of investing in securities generally or in the fund particularly or the ability of the index to track general market performance. S-Network’s only relationship to the fund is the licensing of the service marks and the index, which is determined, composed and calculated by S-Network without regard to First Trust Advisors L.P. or the fund. S-Network is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the fund issued by First Trust Advisors L.P. S-Network has no obligation or liability in connection with the issuance, administration, marketing or trading of the fund.
Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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