BNGE vs. MUSQ ETF Comparison

Comparison of First Trust S-Network Streaming and Gaming ETF (BNGE) to MUSQ Global Music Industry ETF (MUSQ)

BNGE

First Trust S-Network Streaming and Gaming ETF

BNGE Description

First Trust S-Network Streaming & Gaming ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in public equity markets of global region. It invests in stocks of companies operating across consumer discretionary, consumer services, hotels, restaurants and leisure, casinos and gaming, gaming operations, online gaming operations, leisure facilities, amusement and recreation services, amusement operations, parks and services, video game arcades, content streaming sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S-Network Streaming & Gaming Index, by using full replication technique. First Trust S-Network Streaming & Gaming ETF was formed on January 25, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.96

Average Daily Volume

2,138

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MUSQ

MUSQ Global Music Industry ETF

MUSQ Description

The index is comprised of publicly-traded global companies that generate at least 50% of their annual revenue or $1 billion in annual sales from one or more of the sub-segments of the global music industry. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.99

Average Daily Volume

1,596

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BNGE	MUSQ
30 Days	9.57%	1.59%
60 Days	9.36%	6.19%
90 Days	10.41%	1.42%
12 Months	23.09%	-0.05%

3 Overlapping Holdings

Symbol	Grade	Weight in BNGE	Weight in MUSQ	Overlap
SONY	B	4.14%	4.82%	4.14%
SPOT	B	5.4%	4.87%	4.87%
TME	D	1.7%	2.96%	1.7%

BNGE Overweight 23 Positions Relative to MUSQ

Symbol	Grade	Weight
TTWO	A	5.05%
DIS	B	5.01%
EA	A	4.94%
NFLX	A	4.9%
RBLX	C	4.84%
FLUT	A	4.8%
YY	C	4.44%
NTES	D	4.08%
WBD	C	3.95%
AMD	F	3.61%
DKNG	B	3.47%
GME	C	2.01%
ROKU	D	1.7%
MGM	D	1.6%
LNW	D	1.57%
U	C	0.96%
SRAD	A	0.68%
PENN	C	0.54%
RSI	B	0.5%
FUBO	F	0.49%
BALY	C	0.48%
MOMO	D	0.44%
IQ	F	0.41%

BNGE Underweight 12 Positions Relative to MUSQ

Symbol	Grade	Weight
AMZN	C	-5.56%
GOOGL	C	-5.31%
AAPL	C	-4.79%
IHRT	C	-4.05%
LYV	A	-3.75%
SONO	C	-3.25%
WMG	C	-3.24%
EDR	A	-3.1%
DLB	B	-3.09%
TSQ	D	-3.05%
MSGE	F	-2.75%
RSVR	A	-1.41%