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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
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 7/23/2021)
Closing NAV1$251.35
Closing Market Price2$251.39
Bid/Ask Midpoint$251.29
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$11,059,529,053
Outstanding Shares44,000,002
Daily Volume180,340
Average 30-Day Daily Volume205,942
Closing Market Price 52-Week High/Low$251.39 / $176.41
Closing NAV 52-Week High/Low$251.35 / $176.37
Number of Holdings (excluding cash)42
Top Holdings (as of 7/23/2021)*
Holding Percent
Amazon.com, Inc. 9.79%
Facebook, Inc. (Class A) 7.72%
PayPal Holdings, Inc. 5.65%
Alphabet Inc. (Class A) 5.08%
Alphabet Inc. (Class C) 4.98%
salesforce.com, inc. 4.51%
Netflix, Inc. 4.33%
Cisco Systems, Inc. 4.29%
Snap Inc. (Class A) 3.14%
Zoom Video Communications, Inc. (Class A) 2.95%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 6/30/2021)4
Maximum Market Cap.$1,734,954
Median Market Cap.$31,193
Minimum Market Cap.$3,623
Price/Earnings42.25
Price/Book9.13
Price/Cash Flow33.52
Price/Sales7.16
Bid/Ask Premium/Discount (as of 7/23/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 26 30 8
Days Traded at Discount 141 35 33 8
Top Sector Exposure (as of 7/23/2021)
Information Technology 44.05%
Communication Services 34.93%
Consumer Discretionary 17.13%
Health Care 3.89%