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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.
Index Description According to the Index Provider
  • 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 through April 30, 2023.
Current Fund Data (as of 9/29/2022)
Closing NAV1$127.66
Closing Market Price2$127.68
Bid/Ask Midpoint$127.70
Bid/Ask Premium0.03%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$3,849,015,836
Outstanding Shares30,150,002
Daily Volume592,764
Average 30-Day Daily Volume598,753
Closing Market Price 52-Week High/Low$250.48 / $122.23
Closing NAV 52-Week High/Low$250.56 / $122.23
Number of Holdings (excluding cash)42
Top Holdings (as of 9/29/2022)*
Holding Percent
Amazon.com, Inc. 9.24%
Meta Platforms Inc. (Class A) 6.12%
Alphabet Inc. (Class A) 5.06%
Cisco Systems, Inc. 5.04%
Salesforce, Inc. 4.91%
Alphabet Inc. (Class C) 4.56%
Netflix, Inc. 4.53%
PayPal Holdings, Inc. 4.18%
Snowflake Inc. (Class A) 3.19%
Airbnb, 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 8/31/2022)4
Maximum Market Cap.$1,417,353
Median Market Cap.$16,173
Minimum Market Cap.$1,130
Price/Earnings30.55
Price/Book4.95
Price/Cash Flow22.95
Price/Sales3.17
Bid/Ask Premium/Discount (