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Launched · SEC filings

First Trust Dow Jones Internet Index Fund

FDNNYSE ArcaC

$299.42+0.60 (+0.20%)

At close: Oct 13, 2026, 4:00 PM

C54/ 100

Rank 6 of 22 in US Thematic

C54/100Rank 6 of 22inUS Thematic
Intraday session: up, 79 prints from 298.82 to 299.42. Range 297.55 to 301.87. Use the arrow keys to read each point.298.00300.00301.00302.0010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$5.5B
1Y total return
+8.3%
Yield · Last 12 months
0.00%
Holdings
42
Avg volume · 30D
0.3M sh
NAV per share
$301.35
52W range
low $224.47high $302.79
Launched
Filings
SEC EDGAR

The ETF.net FDN Grade

C

Score 54 out of 100

Category
US Thematic⁠
Rank
6 of 22
Six-pillar profile for FDN. Scores out of 100: Cost 40, Risk 42, Mission 74, Tradability 100, Holdings 28, Durability 96. Strongest: Tradability (100). Weakest: Holdings (28). Leans toward Tradability and Durability.

Score 54 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.
    C42 out of 100
    Rank 14 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.
    D28 out of 100
    Rank 21 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

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 Oct 12, 2026
Asset class
Stocks
Holdings
42
Top-10 weight
62%
Largest holding
META10.5%

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 valueIn ETFs
001METAMeta Platforms, Inc. (Class A)10.51%802,106$576M704
002AMZNAmazon.com, Inc.9.94%2,077,374$545M736
003CSCOCisco Systems, Inc.9.00%4,171,704$494M592
004GOOGLAlphabet Inc. (Class A)5.63%878,795$309M709
005NFLXNetflix, Inc.5.56%4,340,183$305M485
006ANETArista Networks, Inc.4.83%1,222,972$265M509
007GOOGAlphabet Inc. (Class C)4.51%711,844$248M478
008SNOWSnowflake Inc. (Class A)4.17%619,863$229M335
009CRMSalesforce, Inc.4.04%966,367$221M462
010BKNGBooking Holdings Inc.3.93%1,345,422$216M433
011NETCloudflare, Inc. (Class A)3.78%575,219$208M275
012ORCLOracle Corporation3.76%1,459,805$206M447
013DDOGDatadog, Inc. (Class A)3.21%601,272$176M424
014DASHDoorDash, Inc. (Class A)2.41%673,053$132M343
015ABNBAirbnb, Inc. (Class A)2.27%751,050$125M405

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$10,827
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FDN $10,827. SPY $12,044. Use the arrow keys to read each point.$7,909$10,138$12,366Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+11.0%
1 month+3.4%
3 months+8.2%
1 year+8.3%
3 yearsper year+22.9%
5 yearsper year+4.8%
10 yearsper year+14.1%

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+11.0%
2025+10.7%
2024+30.4%
2023+51.5%
2022−45.5%
2021+6.5%
2020+52.6%

FDN in the news

Filtered to FDN · US Thematic · First Trust

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 12, 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.
19.8%
Annualised · 36 months to Sep 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.
0.87
vs 3-month T-bills · to Sep 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.

FDN Cost

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

12 of the 22 US Thematic funds charge less.

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

Other funds in US Thematic

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