FDNI
First Trust Dow Jones International Internet ETF
The First Trust Dow Jones International Internet ETF tracks a market-cap-weighted index of the 20 largest internet services companies and 20 largest internet commerce companies outside of the United States.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
39.8 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 06, 2018 |
| Assets (mns) | $40 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SHOPIFY, INC. CLASS A | 11.5 % |
| MEITUAN DIANPING | 10.5 % |
| TENCENT HOLDINGS LTD | 9.1 % |
| ALIBABA GROUP HOLDING LTD. | 9.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 7.2 % |
| SPOTIFY TECHNOLOGY SA | 5.9 % |
| PROSUS N.V. CLASS N | 4.8 % |
| JD.COM, INC. CLASS A | 4.3 % |
| ADYEN NV | 3.5 % |
| NASPERS LTD-N SHS | 3.5 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 608 |
| Wgt avg mkt cap (mns) | $137,690 |
| Large cap (>$10bn) | 91.6% |
| Mid cap ($2-10bn) | 8.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 55.1% |
| Emerging mkts. | 45.0% |
Country Exposure
 |
CHINA | 48.0 % |
 |
CANADA | 12.3 % |
 |
NETHERLANDS | 8.4 % |
 |
LUXEMBOURG | 5.9 % |
 |
SOUTH KOREA | 5.8 % |
 |
AUSTRALIA | 3.6 % |
 |
SOUTH AFRICA | 3.5 % |
 |
SINGAPORE | 3.1 % |
 |
JAPAN | 2.2 % |
 |
BRITAIN | 2.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.7% | 38.9% | 25.9% | -14.1% | 4.8% | -- | 6.0% | Volatility | 26.8% | 27.7% | 31.7% | 41.5% | 38.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 22% |
| MSCI EAFE | 1.21 | 39% |
| MSCI Emg Mkts | 1.75 | 80% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 2.55% |
| ADV of underlying (mns) | $6,458 |
Technical Indicators
| Recent close | $28.45 |
| 30d moving avg. | $28.77 |
| Annualized volatility | 34.2% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 2.1% |
| 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. FDNI |
Expenses vs. FDNI |
ALTAR Score™ vs. FDNI |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 44.8% | +4 bp | -3.5% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 44.2% | +21 bp | -0.5% |
| FXI | iShares China Large-Cap ETF | 37.4% | +9 bp | +6.1% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 37.2% | -33 bp | +4.0% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 36.8% | +4 bp | -5.8% |
| MCH | Matthews China Active ETF | 33.7% | +14 bp | +3.3% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 32.7% | -5 bp | -1.7% |
| MCHI | iShares MSCI China ETF | 32.5% | -6 bp | +6.3% |
| FLCH | Franklin FTSE China ETF | 31.3% | -46 bp | +6.8% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 30.3% | +10 bp | -0.1% |
Risk and Returns: FDNI 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 11/21/2024
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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
FDNI
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™
FDNI
2.1%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. FDNI's ALTAR Score™ is approximately
2.0 standard deviations
below
the category average. This places FDNI in the 2nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDNISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FDNI (65 bp) Percentile rank | 82 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDNI | 65.0 | 255.1 | 320.1 |
| Peer Avg. | 55.4 | 58.6 | 114.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .