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FDNI

GradeDNASDAQ Global Market

First Trust Dow Jones International Internet ETF

Themes · First Trust · Inception 2018-11-05 · SEC filings

$26.17−0.81 (−2.99%)

As of Sep 23, 2026, 1:10 PM EDT

Intraday session: down, 9 prints from 26.98 to 26.17. Range 26.14 to 26.50. Use the arrow keys to read each point.$26.10$26.30$26.40$26.5010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$33M
1Y return
−28.9%
Yield · Last 12 months
1.40%
Holdings
40
Volume · 30D
0M sh
NAV per share
$26.53
52W range
low $23.99high $39.97

The ETF.net FDNI Grade

D

39/ 100

Rank 8 of 10 in E-Commerce⁠

Confidence Medium

Six-pillar profile for FDNI. Scores out of 100: Cost 35, Risk 18, Mission not scored, Tradability 58, Holdings 42, Durability 65. Strongest: Durability (65). Weakest: Risk (18). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the D 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.
    DScore 35
    Category rank7/10 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 18
    Category rank10/10 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 58
    Category rank5/10 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 42
    Category rank7/10 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank3/10 · top 30%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FDNI

ETF.net Research

DMost internet ETFs are a wager on Silicon Valley. FDNI flips the map, tracking an index of roughly 40 internet companies based outside the United States. Same theme, different continent.

Stated mandate

The fund seeks to track the investment results of the Dow Jones International Internet Index before fees and expenses.

Why people hold it

  1. 01One stated job: track the Dow Jones International Internet Index. A plain index fund inside a standard 1940 Act ETF wrapper, no leverage or derivatives layer.
  2. 02Its peer shelf (IBUY, ONLN, EBIZ) mostly shops the U.S. internet. FDNI is built from non-U.S. names, a genuinely different basket for the same theme.
  3. 03At 0.65%, the fee sits right at the median for its peer group. No surcharge for the international mandate.
  4. 04Running since 2018, so it has a real multi-year record in the wild rather than a launch-week backtest.

Worth knowing

  1. 01Thinly traded with a small asset base. Limit orders matter here, and the bid-ask spread is a real part of your cost on the way in and out.
  2. 02About 40 holdings, all listed abroad. Single names carry weight, and currency moves ride along with the stocks.
  3. 03Cheaper doors into the theme exist: OGIG at 0.48% and EBIZ at 0.50% undercut FDNI's 0.65%, though neither tracks the same ex-U.S. index.

FDNI Holdings

As of Sep 21, 2026, 5:18 PM
Asset class
Stocks
Holdings
40
Top-10 weight
64%
Largest holding
SHOP.TO10.4%

Sectors

  • Consumer Discr.41.9%
  • Communication33.1%
  • Technology21.4%
  • Financials3.0%
  • Health Care0.5%

Geography

  • China40.19%
  • Canada12.01%
  • Netherlands8.68%
  • Ireland5.86%
  • Sweden5.53%
  • Singapore4.32%
  • South Korea4.28%
  • Australia4.01%
  • Other countries (8)15.11%

Developed 51% · Emerging 49% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SHOP.TOShopify Inc. (Class A)10.35%26,183$3M122
0029988.HKAlibaba Group Holding Limited10.20%237,423$3M128
0030700.HKTencent Holdings Limited9.90%60,081$3M153
004PDDPDD Holdings Inc. (ADR)5.86%24,069$2M152
005SPOTSpotify Technology S.A.5.53%3,516$2M138
0069999.HKNetEase, Inc.4.62%64,003$1M115
0079618.HKJD.com, Inc. (Class A)4.56%110,361$1M100
008PRX.ASProsus N.V.4.56%35,865$1M140
0093690.HKMeituan (Class B)4.34%150,796$1M104
010SESea Limited (ADR)4.32%13,759$1M134
011ADYEN.ASAdyen NV4.12%1,322$1M118
012NPN.JONaspers Limited (Class N)3.89%28,701$1M90
013035420.KSNAVER Corporation3.02%6,849$980K105
0149888.HKBaidu, Inc. (Class A)2.69%78,532$873K82
015IRENIREN Ltd.1.78%12,389$578K95

Showing 1–15 of 46 holdings

FDNI Performance

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

FDNI$7,106
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. FDNI $7,106. SPY $11,723. Use the arrow keys to read each point.$6,070$9,127$12,183Sep 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 FDNI. Periods over one year show the average yearly return.
PeriodFDNI
Year to date−20.5%
1 month−5.2%
3 months+4.7%
1 year−28.9%
3 years+9.7%per year
5 years−7.8%per year
10 yearsFund is under 10 years old—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 FDNI
YearReturn barFDNI
2026 YTD−20.5%
2025+25.7%
2024+22.5%
2023+1.8%
2022−38.4%
2021−20.6%
2020+85.3%

FDNI in the news

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

FDNI 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.
1.40%Last 12 months
Payout per share
$0.38Last 12 months
Last payment
$0.38 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2019–2026

One bar per payment. 8 payments from 2019 to 2026 YTD. Jun 14, 2019 $0.01; Sep 25, 2019 $0.45; Dec 13, 2019 $0.31; Dec 24, 2020 $0.07; Mar 24, 2023 $0.09; Jun 27, 2024 $0.07; Dec 13, 2024 $0.22; Dec 12, 2025 $0.38. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 12, 2025Dec 31, 2025$0.38
Dec 13, 2024Dec 31, 2024$0.22
Jun 27, 2024Jun 28, 2024$0.07
Mar 24, 2023Mar 31, 2023$0.09
Dec 24, 2020Dec 31, 2020$0.07
Dec 13, 2019Dec 31, 2019$0.31
Sep 25, 2019Sep 30, 2019$0.45
Jun 14, 2019Jun 28, 2019$0.01

FDNI Risk

How much the fund’s monthly returns vary, scaled to a year.
22.9%
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.
0.25
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.
−63.4%
Trough Oct 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.
0.89
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.

FDNI Cost

Expense ratio0.65%
  • The middle half of E-Commerce funds
  • Median 0.63%

5 of the 10 E-Commerce funds charge less.

FDNI costs $65.00 a year on $10,000. The median E-Commerce fund costs $62.50.