FDN
First Trust Dow Jones Internet Index Fund

Price: $197.60
Change: $2.4 (-0.01%)
Last Updated:

Vitals

Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 0.51%
ETF Home Page Home page
Inception Jun 19, 2006
Index Tracked DJ Internet Composite

Analyst Report

This ETF offers exposure to companies that derive at least half of their sales from the Internet, a unique group of stocks that features a heavy tilt towards tech companies with a sprinkling of consumer firms as well. While the idea of exposure to web-based businesses may be appealing, it’s important to note that the underlying holdings consist of companies engaged in a wide variety of businesses, and as such are impacted by entirely unique factors. Unlike many ETFs that focus on a specific sector, FDN isn’t necessarily backed by a cohesive investment thesis; besides a general dependence on the Internet, the underlying components have little in common. As such, it’s unclear exactly how FDN could fit into a portfolio, though it likely has little use for those interested in constructing a long-term portfolio. FDN is reasonably well balanced across about 40 names, though there is a general tilt towards large caps and a few well known tech giants account for a significant portion of holdings. Overall, FDN may be useful for a select few investors with a very specific view of the tech sector or a desire for fine tuned equity exposure, but most will find little use in this fund. Broad-based tech ETFs such as XLK may will be more useful for general tactical overlays, including more component stocks at a much lower fee.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Growth
Sector (General) Technology
Sector (Specific) Internet
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Commodities: Precious Metals Gold
Category Sector
Focus Theme
Niche Internet
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $146.65
  • 52 Week Hi $208.31
  • AUM $5,850.1 M
  • Shares 29.3 M

Historical Trading Data

  • 1 Month Avg. Volume 273,348
  • 3 Month Avg. Volume 330,862

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SFY 0.00% $816.2 M 308,245 17.30%
Largest (AUM) SPY 0.09% $535.9 B 62 M 14.48%
Most Liquid (Volume) SPY 0.09% $535.9 B 62 M 14.48%
Top YTD Performer WUGI 0.75% $31.0 M 4,028 35.53%

Alternative ETFs in the FactSet Commodities: Precious Metals Gold Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IAUM 0.09% $1.2 B 1 M 11.50%
Largest (AUM) GLD 0.40% $62.0 B 8 M 11.40%
Most Liquid (Volume) GLD 0.40% $62.0 B 8 M 11.40%
Top YTD Performer PNQI 0.60% $772.4 M 64,772 11.62%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FDN ETF Database Category Average FactSet Segment Average
Number of Holdings 42 370 11
% of Assets in Top 10 56.06% 44.25% 92.55%
% of Assets in Top 15 67.18% 52.02% 94.71%
% of Assets in Top 50 100.01% 77.02% 99.88%

Size Comparison

FDN ETF Database Category Average FactSet Segment Average
Large (>12.9B) 88.78% 87.64% 16.05%
Mid (>2.7B) 10.02% 5.07% 1.44%
Small (>600M) 0.81% 0.63% 0.14%
Micro (<600M) 0.30% 0.08% 0.05%

FDN Valuation

This section compares the P/E ratio of this ETF to its peers.

FDN
P/E Ratio
31.05
ETF Database Category Average
P/E Ratio
15.01
FactSet Segment Average
P/E Ratio
4.62

FDN Dividend

This section compares the dividend yield of this ETF to its peers.

FDN ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.30 $ 0.65
Dividend Date 2011-12-21 N/A N/A
Annual Dividend Rate N/A $ 0.92 $ 0.75
Annual Dividend Yield N/A 1.03% 2.19%

FDN Price and Volume Charts

View charts featuring FDN price and volume data.

FDN Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -29.92 M 1 Month Net Flows: -110.45 M 3 Month Net Flows: -493.59 M 6 Month Net Flows: -602.53 M 1 Year Net Flows: -610.17 M 3 Year Net Flows: -2.57 B 5 Year Net Flows: -5.84 B 10 Year Net Flows: -2.63 B

FDN Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.