First Trust Dow Jones Internet Index Fund (FDN)
Investment Objective/Strategy - The First Trust Dow Jones Internet Index Fund is an exchange-traded index fund. The Fund seeks investment results that correspond generally to the price and yield , before the Fund's fees and expenses, of an equity index called the Dow Jones Internet Composite IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Dow Jones Internet Composite IndexSM, is a float-adjusted market capitalization weighted index designed to represent the largest and most actively traded stocks of U.S. companies in the Internet industry.
  • To be eligible for the Dow Jones Internet Composite IndexSM, a stock must be listed on the NYSE, NYSE MKT or Nasdaq stock exchange and meet the following criteria:
    • Generate a majority of sales/revenues from the Internet.
    • Minimum trading history of three months.
    • Minimum three-month average float-adjusted market capitalization of $100 million.
  • Eligible stocks are ranked first by three-month average float-adjusted market capitalization and then by three-month average share volume. A final rank is calculated based on an equally weighted average of the market cap and volume rankings.
  • Companies are sorted by final rank and 40 companies are selected, consisting of 15 classified as Internet Commerce and 25 classified as Internet Services.
  • The index is weighted by float-adjusted market capitalization.
    • The weight of any individual security is restricted to 10% and the aggregate weight of individual securities with weights of 4.5% or more is restricted to 45%.
  • The index is rebalanced quarterly.
Fund Overview
TickerFDN
Fund TypeInternet
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33733E302
ISINUS33733E3027
Intraday NAVFDNIV
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception6/19/2006
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.51%
Net Expense Ratio*0.51%
* As of 5/2/2022
Expenses are capped contractually at 0.60% per year, at least until April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 5/20/2022)
Closing NAV1$136.50
Closing Market Price2$136.49
Bid/Ask Midpoint$136.52
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.05%
Total Net Assets$4,272,567,449
Outstanding Shares31,300,002
Daily Volume698,164
Average 30-Day Daily Volume617,557
Closing Market Price 52-Week High/Low$252.25 / $135.46
Closing NAV 52-Week High/Low$252.20 / $135.37
Number of Holdings (excluding cash)42
Top Holdings (as of 5/20/2022)*
Holding Percent
Amazon.com, Inc. 8.88%
Meta Platforms Inc. (Class A) 8.04%
Alphabet Inc. (Class A) 5.38%
Alphabet Inc. (Class C) 4.99%
Cisco Systems, Inc. 4.94%
Salesforce, Inc. 4.71%
PayPal Holdings, Inc. 3.85%
Twitter, Inc. 3.03%
Netflix, Inc. 2.83%
Airbnb, Inc. (Class A) 2.71%

* 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.$1,508,193
Median Market Cap.$20,860
Minimum Market Cap.$1,247
Price/Earnings27.95
Price/Book5.05
Price/Cash Flow16.95
Price/Sales3.83
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 123 33 22 ---
Days Traded at Discount 129 29 13 ---
Top Sector Exposure (as of 5/20/2022)
Information Technology 45.25%
Communication Services 31.98%
Consumer Discretionary 17.19%
Health Care 3.21%
Real Estate 2.37%
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *