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

65 bp

EXPENSES

$28.1 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryInternational
Asset classEquity
Websitelink...
Inception dateNov 06, 2018
Assets (mns)$28
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TENCENT HOLDINGS LTD 12.5 %
PINDUODUO, INC. SPONSORED ADR CLASS A 9.9 %
ALIBABA GROUP HOLDING LTD. 9.2 %
SHOPIFY, INC. CLASS A 7.9 %
MEITUAN DIANPING 6.1 %
PROSUS N.V. CLASS N 5.3 %
SPOTIFY TECHNOLOGY SA 4.3 %
ADYEN NV 3.8 %
NASPERS LTD-N SHS 3.5 %
JD.COM, INC. CLASS A 3.4 %
Constituent Breakdown
Number of holdings43
Herfindahl-Hirschman Index 572
Wgt avg mkt cap (mns)$134,966
Large cap (>$10bn)89.6%
Mid cap ($2-10bn)10.4%
Small cap (<$2bn)0.0%
Developed mkts.52.6%
Emerging mkts.47.5%
Country Exposure
CHINA 50.3 %
NETHERLANDS 10.1 %
CANADA 8.6 %
SOUTH KOREA 5.7 %
BRITAIN 5.0 %
LUXEMBOURG 4.3 %
SOUTH AFRICA 3.5 %
AUSTRALIA 3.2 %
JAPAN 2.5 %
SINGAPORE 2.5 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.3% 9.7% 0.2% -19.2% 3.1% -- 3.7%
Volatility 23.9% 28.1% 34.9% 41.2% 37.8% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9325%
MSCI EAFE1.2441%
MSCI Emg Mkts1.7180%
Liquidity Measures
Avg. volume (000)3
Turnover0.3%
Avg. Bid/Ask (% of price)2.55%
ADV of underlying (mns)$6,674
Technical Indicators
Recent close$24.10
30d moving avg.$25.00
Annualized volatility33.6%
Relative strength (RSI)56
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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Risk and Returns: FDNI vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
2.2 16.7 2.3 0.4% --
Based on closing prices from 6/14/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

2.7%

Cat. Avg

7.3%

Fund Category: International

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™2.7%
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 256 funds in the International category, with an average ALTAR Score™ of 7.3% and a standard deviation of 2.4%. 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
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FDNI 65.0 255.1 320.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .