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First Trust Dow Jones International Internet ETF (FDNI)
  • 2018 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Short-term capital gain distributions, if any, are expected to be nominal and are taxed like ordinary income. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust Dow Jones International Internet ETF 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 International Internet Index SM. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Dow Jones International Internet Index is a float-adjusted market capitalization weighted index designed to measure the performance of the 40 largest and most actively traded non U.S. international companies in the Internet industry that are engaged in internet commerce and internet services.
  • To be eligible for the Dow Jones International Internet Index, a stock must be listed on the S&P Global Ex-US Broad Market Index and meet the following criteria:
    • Generate a majority of sales/revenues from Internet-based activities.
    • Minimum float-adjusted market capitalization of $1 billion, $800 million for current index constituents.
    • Minimum six-month median daily value traded (MDVT) of $5 million, $4 million for current index constituents.
  • Eligible stocks are ranked by float-adjusted market capitalization and then sorted into descending order by rank.
  • 40 companies are selected, consisting of the top 20 classified as Internet Commerce and the top 20 classified as Internet Services.
  • The index is weighted by float-adjusted market capitalization.
    • The weight of any individual security is capped at 10%.
  • The index is rebalanced and reconstituted quarterly.
Fund Overview
TickerFDNI
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33734X770
ISINUS33734X7701
Intraday NAVFDNI.IV
Fiscal Year-End09/30
ExchangeNasdaq
Inception11/5/2018
Inception Price$19.69
Inception NAV$19.69
Rebalance FrequencyQuarterly
Expense Ratio0.65%
Current Fund Data (as of 11/15/2018)
Closing NAV1$19.35
Closing Share Price2$19.43
Bid/Ask Midpoint$19.37
Bid/Ask Premium0.09%
Total Net Assets$1,935,343
Outstanding Shares100,002
Daily Volume1,312
Closing Share Price 52-Week High/Low$20.16 / $18.39
Closing NAV 52-Week High/Low$20.11 / $18.33
Number of Holdings40
Fund Characteristics (as of 11/6/2018)3
Maximum Market Cap.$382,192
Median Market Cap.$8,781
Minimum Market Cap.$1,949
Price/Earnings27.99
Price/Book3.71
Price/Cash Flow21.07
Price/Sales2.19
Top Holdings (as of 11/16/2018)
Holding Percent
Alibaba Group Holding Limited (ADR) 10.94%
Tencent Holdings Limited 10.05%
Baidu, Inc. (ADR) 9.55%
JD.com, Inc. (ADR) 5.87%
NetEase, Inc. (ADR) 5.33%
NAVER Corporation 4.54%
Shopify Inc. (Class A) 4.39%
Ctrip.com International, Ltd. (ADR) 3.13%
Atlassian Corporation Plc (Class A) 2.42%
Spotify Technology SA 2.32%

Holdings are subject to change.

Top Country Exposure (as of 11/16/2018)
Country Percent
China 52.20%
South Korea 9.82%
Japan 8.91%
United Kingdom 7.20%
Canada 5.60%
Germany 4.29%
Australia 2.43%
Isle of Man 2.35%
Sweden 2.33%
Russia 2.20%
NAV History (Since Inception)
Past performance is not indicative of future results.
Top Sector Exposure (as of 11/16/2018)
Communication Services 55.29%
Consumer Discretionary 34.08%
Information Technology 7.85%
Health Care 1.91%
Financials 0.87%
Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 All market capitalization numbers are in USD$ Millions.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the Dow Jones International Internet Index.  Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from the fund by authorized participants, in very large creation/redemption units. If the fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund is not actively managed and generally will not attempt to take defensive positions in declining markets.

The fund may invest in securities issued by companies concentrated in a particular industry, sector, or country, which involves additional risks, including limited diversification. The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

As the use of Internet technology has become more prevalent in the course of business, the fund has become more susceptible to potential operational risks through breaches in cybersecurity.

Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the fund's investments and the value of fund shares.

The fund currently has fewer assets than larger funds, and like other relatively new funds, large inflows and outflows may impact the fund's market exposure for limited periods of time.

The fund is classified as "non-diversified" and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

The Dow Jones International Internet Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by First Trust. Dow Jones® and Dow Jones International Internet Index are trademarks of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed to SPDJI and have been sublicensed for use for certain purposes by First Trust on behalf of the Fund. The First Trust Dow Jones International Internet ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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