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 5/3/2021
Expenses are capped contractually at 0.60% per year, at least until April 30, 2022.
Current Fund Data (as of 9/23/2021)
Closing NAV1$247.12
Closing Market Price2$247.03
Bid/Ask Midpoint$247.09
Bid/Ask Discount0.01%
30-Day Median Bid/Ask Spread30.02%
Total Net Assets$11,021,469,371
Outstanding Shares44,600,002
Daily Volume241,681
Average 30-Day Daily Volume223,397
Closing Market Price 52-Week High/Low$252.25 / $180.79
Closing NAV 52-Week High/Low$252.20 / $180.74
Number of Holdings (excluding cash)42
Top Holdings (as of 9/23/2021)*
Holding Percent
Amazon.com, Inc. 9.30%
Facebook, Inc. (Class A) 6.96%
PayPal Holdings, Inc. 5.09%
Alphabet Inc. (Class A) 5.07%
salesforce.com, inc. 4.83%
Alphabet Inc. (Class C) 4.77%
Netflix, Inc. 4.58%
Cisco Systems, Inc. 4.34%
Snap Inc. (Class A) 3.15%
Snowflake Inc. (Class A) 2.88%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 8/31/2021)4
Maximum Market Cap.$1,934,451
Median Market Cap.$28,760
Minimum Market Cap.$3,226
Price/Earnings43.81
Price/Book8.60
Price/Cash Flow27.12
Price/Sales6.96
Bid/Ask Premium/Discount (as of 9/23/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 26 30 30
Days Traded at Discount 141 35 33 29
Top Sector Exposure (as of 9/23/2021)
Information Technology 42.87%
Communication Services 33.88%
Consumer Discretionary 19.53%
Health Care 3.72%
Hypothetical Growth of $10,000 Since Inception (as of 9/23/2021) *