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Launched · SEC filings

First Trust Dow Jones International Internet ETF

FDNINasdaqFirst TrustD

$25.41+0.36 (+1.44%)

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

D39/ 100

Rank 7 of 9 in E-Commerce

D39/100Rank 7 of 9inE-Commerce
Intraday session: up, 79 prints from 25.05 to 25.41. Range 25.31 to 25.75. Use the arrow keys to read each point.25.2025.3025.5025.6025.7010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$29M
1Y total return
−32.8%
Yield · Last 12 months
1.51%
Holdings
43
Avg volume · 30D
21.2K sh
52W range
low $23.99high $37.77
Launched
Filings
SEC EDGAR

The ETF.net FDNI Grade

Based on 5 of 6 pillars

D

Score 39 out of 100

Category
E-Commerce⁠
Rank
7 of 9
Six-pillar profile for FDNI. Scores out of 100: Cost 34, Risk 25, Mission not scored, Tradability 58, Holdings 38, Durability 64. Strongest: Durability (64). Weakest: Risk (25). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D 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.
    D34 out of 100
    Rank 6 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 9 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 5 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 7 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 3 of 9

Our read on FDNI

ETF.net Research

In short

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

  • One 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.
  • Its 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.
  • At 0.65%, the fee sits right at the median for its peer group. No surcharge for the international mandate.
  • Running since 2018, so it has a real multi-year record in the wild rather than a launch-week backtest.

Worth knowing

  • Thinly 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.
  • About 40 holdings, all listed abroad. Single names carry weight, and currency moves ride along with the stocks.
  • Cheaper 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

Holdings pillarD38 out of 100Rank 7 of 9 in E-Commerce
Asset class
Stocks
Holdings
43
Top-10 weight
66%
Largest holding
SHOP.TO13.2%

Sectors

  • Consumer Discretionary42.5%
  • Communication33.2%
  • Technology20.7%
  • Financials3.1%
  • Health Care0.6%

Geography

  • China43.54%
  • Canada15.85%
  • Netherlands8.22%
  • United States6.24%
  • Australia4.54%
  • South Korea4.04%
  • South Africa3.80%
  • Singapore3.36%
  • Other countries (6)10.40%

Developed 43% · Emerging 57% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1SHOP.TOShopify Inc. (Class A)13.17%24,073$3.8M127
20700.HKTencent Holdings Limited9.36%55,175$2.7M152
39988.HKAlibaba Group Holding Limited9.27%218,229$2.67M124
4SPOTSpotify Technology S.A.6.64%3,229$1.92M185
5PDDPDD Holdings Inc. (ADR)6.03%22,128$1.74M153
69999.HKNetEase, Inc.4.64%58,823$1.34M116
79618.HKJD.com, Inc. (Class A)4.52%101,333$1.3M100
83690.HKMeituan (Class B)4.41%138,632$1.27M105
9PRX.ASProsus N.V.4.38%32,974$1.26M134
10ADYEN.ASAdyen NV3.90%1,215$1.13M117
11NPN.JONaspers Limited (Class N)3.70%26,405$1.07M89
12SESea Limited (ADR)3.26%12,659$940K136
13035420.KSNAVER Corporation2.78%6,301$801K112
149888.HKBaidu, Inc. (Class A)2.39%72,250$690K83
15ALE.WAAllegro.eu SA1.78%34,002$514K96

Showing 1–15 of 43 holdings

FDNI Performance

Launched Nov 5, 2018

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

Not enough history yet.
FDNI$6,716
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. FDNI $6,716. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 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 FDNI. Periods over one year show the average yearly return.
PeriodFDNI
Year to date−26.1%
1 month−3.1%
3 months−9.7%
1 year−32.8%
3 yearsper year+9.7%
5 yearsper year−9.7%
10 yearsFund is under 10 years oldper yearNo data

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−26.1%
2025+25.7%
2024+22.5%
2023+1.8%

FDNI in the news

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 Oct 30, 2026.
1.51%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

$10,000 in FDNI 5 years ago paid $179 in dividends.

FDNI Risk

Risk pillarD25 out of 100Rank 9 of 9 in E-Commerce
How much the fund’s monthly returns vary, scaled to a year.
22.5%
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.
0.32
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.
−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.

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

FDNI Cost

Compare FDNI and OGIG

Overpaying vs OGIG, cheapest in E-Commerce

$3,112

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

  • FDNI 0.65%

    $12,717

  • OGIG 0.48% Cheapest

    $9,605

$10,000
30 years

Cost over time

  • FDNI 0.65%
  • OGIG 0.48%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FDNI $12,717OGIG $9,605

Year by year

YearFDNIOGIGOverpaying
10$1,163$865$298
20$4,440$3,328$1,112
30$12,717$9,605$3,112

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