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FDN

GradeCNew York Stock Exchange Arca

First Trust Dow Jones Internet Index Fund

Themes · First Trust · Inception 2006-06-19 · SEC filings

$291.31−2.13 (−0.72%)

As of Sep 23, 2026, 3:05 PM EDT

Intraday session: down, 68 prints from 293.44 to 291.31. Range 290.60 to 293.42. Use the arrow keys to read each point.$292.00$293.0010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$5.4B
1Y return
+2.4%
Yield · Last 12 months
0.00%
Holdings
41
Volume · 30D
0.3M sh
NAV per share
$296.84
52W range
low $224.47high $299.00

The ETF.net FDN Grade

C

52/ 100

Rank 6 of 22 in US Thematic⁠

Confidence High

Six-pillar profile for FDN. Scores out of 100: Cost 40, Risk 32, Mission 76, Tradability 98, Holdings 26, Durability 96. Strongest: Tradability (98). Weakest: Holdings (26). Leans toward Tradability and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 40
    Category rank13/22 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 76
    Category rank3/7 · top 43%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 32
    Category rank17/22 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 98
    Category rank1/22 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 26
    Category rank21/22 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 96
    Category rank1/22 · top 5%

Graded as of Sep 22, 2026

Our read on FDN

ETF.net Research

CThe original internet ETF. Since 2006 it has held about 40 US companies that earn at least half their revenue from the internet, split between commerce and services: pure-play by construction, concentrated by design, and priced above the thematic average.

Stated mandate

The Fund seeks to track, before fees and expenses, the price and yield performance of the Dow Jones Internet Composite Index. It normally invests at least 90% of net assets in securities comprising that index.

Why people hold it

  1. 01Launched in 2006, it is the elder statesman of internet funds: nearly two decades of continuous operation and a multi-billion-dollar asset base.
  2. 02Genuinely pure-play. A company must earn at least 50% of its sales from the internet to enter the index, which holds roughly 40 of the largest, most actively traded names.us.spindices.com
  3. 03No stock-picking. It replicates the Dow Jones Internet Composite Index, normally keeping at least 90% of net assets in the index's own constituents.ftportfolios.com
  4. 04Sits in the upper half of the US thematic funds we review, with easy day-to-day trading a big part of why.

Worth knowing

  1. 01At 0.49% a year it runs above the typical US thematic fund (median 0.35%), and cohort leaders like TECB (0.30%) and LRND (0.14%) charge less for tech-flavored exposure.
  2. 02Roughly 40 non-diversified holdings: the biggest internet names drive most of the ride, in both directions.ftportfolios.com
  3. 03Built for price exposure, not income. Payouts have been absent recently, so cash flow is not the point here.

FDN Holdings

As of Sep 21, 2026, 5:01 PM
Asset class
Stocks
Holdings
41
Top-10 weight
63%
Largest holding
META10.2%

Sectors

  • Technology46.8%
  • Consumer Discr.25.7%
  • Communication22.7%
  • Financials2.1%
  • Health Care1.6%
  • Industrials1.1%

Geography

  • United States98.86%
  • Australia1.14%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001METAMeta Platforms, Inc. (Class A)10.18%804,310$535M683
002AMZNAmazon.com, Inc.10.05%2,083,081$528M720
003CSCOCisco Systems, Inc.8.71%4,183,165$458M567
004NFLXNetflix, Inc.5.94%4,352,107$312M493
005GOOGLAlphabet Inc. (Class A)5.86%881,209$308M704
006GOOGAlphabet Inc. (Class C)4.67%713,800$246M471
007ANETArista Networks, Inc.4.65%1,226,332$245M490
008CRMSalesforce, Inc.4.38%969,022$231M457
009BKNGBooking Holdings Inc.4.31%1,349,118$227M432
010ORCLOracle Corporation4.11%1,463,815$216M448
011SNOWSnowflake Inc. (Class A)3.93%621,566$207M321
012NETCloudflare, Inc. (Class A)3.55%576,799$187M273
013DDOGDatadog, Inc. (Class A)2.64%602,924$139M425
014DASHDoorDash, Inc. (Class A)2.48%674,902$130M339
015ABNBAirbnb, Inc. (Class A)2.38%753,113$125M405

Showing 1–15 of 42 holdings

FDN Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FDN$10,238
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FDN $10,238. SPY $11,723. Use the arrow keys to read each point.$7,579$9,825$12,071Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDN. Periods over one year show the average yearly return.
PeriodFDN
Year to date+9.0%
1 month+2.4%
3 months+13.0%
1 year+2.4%
3 years+22.7%per year
5 years+3.8%per year
10 years+13.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDN
YearReturn barFDN
2026 YTD+9.0%
2025+10.7%
2024+30.4%
2023+51.5%
2022−45.5%
2021+6.5%
2020+52.6%

FDN in the news

ETF.net Research hasn’t filed on FDN yet — coverage lands here as it’s written.

FDN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2011

One bar per payment. 5 payments from 2008 to 2011. Jun 23, 2008 $0.04; Dec 23, 2008 $0.01; Dec 21, 2010 $0.04; Jun 21, 2011 $0.01; Dec 21, 2011 $0.01. Use the arrow keys to read each point.2008200920102011
Ex-datePay dateAmount per share
Dec 21, 2011Dec 30, 2011$0.01
Jun 21, 2011Jun 30, 2011$0.01
Dec 21, 2010Dec 31, 2010$0.04
Dec 23, 2008Dec 31, 2008$0.01
Jun 23, 2008Jun 30, 2008$0.04

FDN Risk

How much the fund’s monthly returns vary, scaled to a year.
20.2%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.78
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−53.6%
Trough Nov 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.22
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FDN Cost

Expense ratio0.49%
  • The middle half of US Thematic funds
  • Median 0.35%

12 of the 21 US Thematic funds charge less.

FDN costs $49.00 a year on $10,000. The median US Thematic fund costs $35.00.