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
43.3 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) | $43 |
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 +
ALIBABA GROUP HOLDING LTD. | 10.3 % |
MEITUAN DIANPING | 9.9 % |
TENCENT HOLDINGS LTD | 9.7 % |
PINDUODUO, INC. SPONSORED ADR CLASS A | 8.3 % |
PROSUS N.V. CLASS N | 5.2 % |
JD.COM, INC. CLASS A | 4.7 % |
SHOPIFY, INC. CLASS A | 4.6 % |
SPOTIFY TECHNOLOGY SA | 4.6 % |
US DOLLAR | 4.2 % |
ADYEN NV | 4.2 % |
Constituent Breakdown
Number of holdings | 44 |
Herfindahl-Hirschman Index | 552 |
Wgt avg mkt cap (mns) | $143,935 |
Large cap (>$10bn) | 92.8% |
Mid cap ($2-10bn) | 7.3% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 51.5% |
Emerging mkts. | 48.5% |
Country Exposure
CHINA | 51.2 % | |
NETHERLANDS | 10.1 % | |
SOUTH KOREA | 5.8 % | |
CANADA | 5.4 % | |
LUXEMBOURG | 4.6 % | |
SOUTH AFRICA | 3.7 % | |
AUSTRALIA | 3.4 % | |
SINGAPORE | 2.8 % | |
JAPAN | 2.6 % | |
BRITAIN | 2.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 23.7% | 34.1% | 19.4% | -11.3% | 6.2% | -- | 6.7% | Volatility | 23.9% | 28.1% | 34.9% | 41.2% | 37.8% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.92 | 25% |
MSCI EAFE | 1.24 | 44% |
MSCI Emg Mkts | 1.70 | 79% |
Liquidity Measures
Avg. volume (000) | 5 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 2.55% |
ADV of underlying (mns) | $20,846 |
Technical Indicators
Recent close | $30.93 |
30d moving avg. | $25.06 |
Annualized volatility | 33.1% |
Relative strength (RSI) | 56 |
Short interest (ETF) | 1.9% |
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 | 45.6% | +4 bp | -3.0% |
EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 45.4% | +21 bp | -0.2% |
FXI | iShares China Large-Cap ETF | 38.5% | +9 bp | +4.9% |
CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 38.3% | -33 bp | +3.0% |
KTEC | KraneShares Hang Seng TECH Index ETF | 36.6% | +4 bp | -4.8% |
MCH | Matthews China Active ETF | 34.3% | +14 bp | +2.4% |
MCHI | iShares MSCI China ETF | 33.2% | -6 bp | +5.0% |
KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 33.1% | -5 bp | -1.4% |
FLCH | Franklin FTSE China ETF | 31.9% | -46 bp | +5.5% |
CQQQ | Invesco China Technology ETF | 29.5% | +5 bp | -8.3% |
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 10/4/2024
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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
1.7%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. FDNI's ALTAR Score™ is approximately
2.2 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. | 52.6 | 50.0 | 102.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .