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.
Fund Basics
| Fund sponsor | First Trust |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 06, 2018 |
| Assets (mns) | $27 |
| 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 +
| TENCENT HOLDINGS LTD | 9.9 % |
| SHOPIFY, INC. CLASS A | 9.2 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 8.8 % |
| ALIBABA GROUP HOLDING LTD. | 8.3 % |
| MEITUAN DIANPING | 6.7 % |
| PROSUS N.V. CLASS N | 5.5 % |
| NETEASE, INC | 4.6 % |
| ADYEN NV | 3.9 % |
| JD.COM, INC. CLASS A | 3.8 % |
| BAIDU, INC. CLASS A | 3.8 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 6,317 |
| Wgt avg mkt cap (mns) | $101,826 |
| Large cap (>$10bn) | 89.8% |
| Mid cap ($2-10bn) | 10.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 52.2% |
| Emerging mkts. | 47.9% |
Country Exposure
 |
CHINA | 49.0 % |
 |
NETHERLANDS | 10.4 % |
 |
CANADA | 10.0 % |
 |
SOUTH KOREA | 6.5 % |
 |
SOUTH AFRICA | 3.5 % |
 |
JAPAN | 3.3 % |
 |
IRELAND | 3.1 % |
 |
LUXEMBOURG | 2.8 % |
 |
AUSTRALIA | 2.8 % |
 |
BRITAIN | 2.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.4% | 2.5% | -23.8% | -19.4% | -- | -- | 3.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 22% |
| MSCI EAFE | 1.20 | 37% |
| MSCI Emg Mkts | 1.66 | 77% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 2.24% |
| ADV of underlying (mns) | $3,326 |
Technical Indicators
| Recent close | $21.98 |
| 30d moving avg. | $20.28 |
| Annualized volatility | 33.6% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| 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 |
|---|---|---|---|---|
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 57.7% | +21 bp | -0.4% |
| KWEB | KraneShares CSI China Internet ETF | 46.4% | +4 bp | -2.8% |
| FXI | iShares China Large-Cap ETF | 38.3% | +9 bp | +7.2% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 37.5% | +4 bp | -5.1% |
| MCH | Matthews China Active ETF | 33.7% | +14 bp | +4.9% |
| MCHI | iShares MSCI China ETF | 32.6% | -7 bp | +6.6% |
| CQQQ | Invesco China Technology ETF | 31.2% | +5 bp | -7.7% |
| CHIQ | Global X MSCI China Consumer ETF | 28.1% | 0 bp | +2.4% |
| GXC | SPDR S&P China ETF | 27.6% | -6 bp | +6.6% |
| AIA | iShares Asia 50 ETF | 25.0% | -15 bp | +4.5% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/6/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FDNI
2.2%
Cat. Avg
6.9%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.2% |
Recommendation
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.
Category Overview
There are 261 funds in the International Equities category, with an average ALTAR Score™
of 6.9% and a standard deviation of
2.5%. FDNI's ALTAR Score™ is approximately
1.9 standard deviations
below
the category average. This places FDNI in the 3rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FDNI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDNI | 65.0 | 224.3 | 289.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .