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Launched · SEC filings

First Trust Dow Jones Internet Index Fund

FDNNYSE ArcaFirst TrustC

$263.13−3.10 (−1.16%)

At close: Nov 2, 2026, 4:00 PM ET

C52/ 100

Rank 6 of 22 in US Thematic

C52/100Rank 6 of 22inUS Thematic
Intraday session: down, 79 prints from 266.23 to 263.13. Range 263.02 to 269.11. Use the arrow keys to read each point.264.00265.00267.00268.00269.0010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$4.8B
1Y total return
−6.2%
Yield · Last 12 months
0.00%
Holdings
42
Avg volume · 30D
230K sh
52W range
low $224.47high $302.79
Launched
Filings
SEC EDGAR

The ETF.net FDN Grade

C

Score 52 out of 100

Category
US Thematic⁠
Rank
6 of 22
Six-pillar profile for FDN. Scores out of 100: Cost 40, Risk 31, Mission 74, Tradability 100, Holdings 32, Durability 96. Strongest: Tradability (100). Weakest: Risk (31). Leans toward Tradability and Durability.

Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 13 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A74 out of 100
    Rank 2 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 16 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A100 out of 100
    Rank 1 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 19 of 22

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A96 out of 100
    Rank 1 of 22

Our read on FDN

ETF.net Research

In short

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

  • Launched in 2006, it is the elder statesman of internet funds: nearly two decades of continuous operation and a multi-billion-dollar asset base.
  • Genuinely 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.spindices.com
  • No 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
  • Sits in the upper half of the US thematic funds we review, with easy day-to-day trading a big part of why.

Worth knowing

  • At 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.
  • Roughly 40 non-diversified holdings: the biggest internet names drive most of the ride, in both directions.ftportfolios.com
  • Built for price exposure, not income. Payouts have been absent recently, so cash flow is not the point here.

FDN Holdings

Holdings pillarD32 out of 100Rank 19 of 22 in US Thematic
Asset class
Stocks
Holdings
42
Top-10 weight
61%
Largest holding
AMZN10.3%

Sectors

  • Technology44.4%
  • Communication28.9%
  • Consumer Discretionary22.3%
  • Financials2.1%
  • Health Care1.4%
  • Industrials0.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AMZNAmazon.com, Inc.10.29%2,048,839$492M738
2METAMeta Platforms, Inc. (Class A)10.17%791,086$487M708
3CSCOCisco Systems, Inc.8.98%4,114,399$430M585
4NFLXNetflix, Inc.5.55%4,280,563$266M483
5GOOGLAlphabet Inc. (Class A)5.07%866,725$243M707
6CRMSalesforce, Inc.4.56%953,092$218M474
7ANETArista Networks, Inc.4.26%1,206,172$204M511
8BKNGBooking Holdings Inc.4.11%1,326,942$197M430
9GOOGAlphabet Inc. (Class C)4.08%702,064$195M480
10ORCLOracle Corporation3.93%1,439,755$188M451
11SNOWSnowflake Inc. (Class A)3.91%611,348$187M333
12NETCloudflare, Inc. (Class A)3.33%567,319$159M273
13DDOGDatadog, Inc. (Class A)2.92%593,012$140M436
14ABNBAirbnb, Inc. (Class A)2.54%740,735$122M411
15DASHDoorDash, Inc. (Class A)2.48%663,808$119M347

Showing 1–15 of 42 holdings

FDN Performance

Launched Jun 19, 2006

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

FDN$9,376
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FDN $9,376. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−1.1%
1 month−7.7%
3 months−3.1%
1 year−6.2%
3 yearsper year+20.3%
5 yearsper year+1.7%
10 yearsper year+12.6%

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−1.1%
2025+10.7%
2024+30.4%
2023+51.5%
2022−45.5%
2021+6.5%
2020+52.6%

FDN in the news

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 Oct 30, 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

Risk pillarD31 out of 100Rank 16 of 22 in US Thematic
How much the fund’s monthly returns vary, scaled to a year.
20.2%
Annualised · 36 months to Oct 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.
0.80
vs 3-month T-bills · to Oct 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.
1.23
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.

FMP measures it over up to five years of monthly returns.

FDN Cost

Compare FDN and LRND

Overpaying vs LRND, cheapest in US Thematic

$6,860

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDN 0.49%

    $9,792

  • LRND 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • FDN 0.49%
  • LRND 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FDN $9,792LRND $2,932

Year by year

YearFDNLRNDOverpaying
10$883$256$627
20$3,394$1,000$2,394
30$9,792$2,932$6,860

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