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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 5/5/2021)
Closing NAV1$217.73
Closing Market Price2$217.67
Bid/Ask Midpoint$217.74
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$9,688,828,045
Outstanding Shares44,500,002
Daily Volume132,065
Average 30-Day Daily Volume244,420
Closing Market Price 52-Week High/Low$243.18 / $145.36
Closing NAV 52-Week High/Low$243.16 / $145.40
Number of Holdings (excluding cash)42
Top Holdings (as of 5/5/2021)*
Holding Percent
Amazon.com, Inc. 10.48%
Facebook, Inc. (Class A) 8.59%
Alphabet Inc. (Class A) 5.44%
PayPal Holdings, Inc. 5.35%
Alphabet Inc. (Class C) 5.31%
Cisco Systems, Inc. 4.75%
Netflix, Inc. 4.61%
salesforce.com, inc. 4.45%
Zoom Video Communications, Inc. (Class A) 2.64%
Snap Inc. (Class A) 2.55%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 4/30/2021)4
Maximum Market Cap.$1,747,984
Median Market Cap.$31,528
Minimum Market Cap.$2,833
Price/Earnings39.82
Price/Book8.79
Price/Cash Flow31.83
Price/Sales6.70
Bid/Ask Premium/Discount (as of 5/5/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 112 26 11 ---
Days Traded at Discount 141 35 13 ---
Top Sector Exposure (as of 5/5/2021)
Information Technology 43.29%
Communication Services 35.14%
Consumer Discretionary 17.81%
Health Care 3.76%
Hypothetical Growth of $10,000 Since Inception (as of 5/5/2021) *