FDND
FT Vest Dow Jones Internet & Target Income ETF
FDND is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF.
US
EQUITY
Active
MANAGEMENT STYLE
1.8 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | FT Vest |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 19, 2024 |
| Assets (mns) | $2 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| META PLATFORMS INC | 9.8 % |
| AMAZON.COM INC | 9.3 % |
| NETFLIX INC | 6.7 % |
| SALESFORCE.COM INC | 5.0 % |
| ARISTA NETWORKS, INC. | 5.0 % |
| CISCO SYSTEMS INC | 4.8 % |
| PAYPAL HOLDINGS INC | 4.7 % |
| ALPHABET INC. CLASS A | 4.7 % |
| BOOKING HOLDINGS INC. | 4.5 % |
| ALPHABET INC. CLASS C | 3.9 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 462 |
| Wgt avg mkt cap (mns) | $572,034 |
| Large cap (>$10bn) | 97.0% |
| Mid cap ($2-10bn) | 2.6% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
AUSTRALIA | 2.1 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -4.0% | -- | -- | -- | -- | -- | -4.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $22,967 |
Technical Indicators
| Recent close | $18.29 |
| 30d moving avg. | $18.79 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 1.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDND |
Expenses vs. FDND |
ALTAR Score™ vs. FDND |
|---|---|---|---|---|
| FDN | First Trust Dow Jones Internet Index Fund | 99.2% | -23 bp | +0.3% |
| PNQI | Invesco NASDAQ Internet ETF | 45.2% | -15 bp | +0.0% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 34.2% | -27 bp | -2.0% |
| FDTX | Fidelity Disruptive Technology ETF | 29.8% | -25 bp | +0.6% |
| SKYY | First Trust Cloud Computing ETF | 29.1% | -15 bp | +0.9% |
| FDG | American Century Focused Dynamic Growth ETF | 28.8% | -30 bp | +0.4% |
| CLOD | Themes Cloud Computing ETF | 27.1% | -40 bp | +0.4% |
| IGM | iShares Expanded Tech Sector ETF | 27.0% | -34 bp | +2.1% |
| FDCF | Fidelity Disruptive Communications ETF | 27.0% | -25 bp | +0.4% |
| MILN | Global X Millennial Consumer ETF | 26.5% | -25 bp | +0.4% |
Risk and Returns: FDND vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FDND
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FDND
2.7%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. FDND's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places FDND in the 11st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDNDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FDND (75 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDND | 75.0 | 0.0 | 75 |
| Peer Avg. | 68.9 | 24.8 | 93.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .