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) | $29 |
| 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 | 9.5 % |
| ALIBABA GROUP HOLDING LTD. | 9.3 % |
| PROSUS N.V. CLASS N | 8.8 % |
| MEITUAN DIANPING | 7.8 % |
| SHOPIFY, INC. CLASS A | 7.4 % |
| ADYEN NV | 5.6 % |
| JD.COM, INC. CLASS A | 4.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.0 % |
| BAIDU, INC. CLASS A | 4.0 % |
| NASPERS LTD-N SHS | 3.8 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 530 |
| Wgt avg mkt cap (mns) | $100,998 |
| Large cap (>$10bn) | 90.7% |
| Mid cap ($2-10bn) | 8.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 54.8% |
| Emerging mkts. | 45.2% |
Country Exposure
 |
CHINA | 44.8 % |
 |
NETHERLANDS | 15.4 % |
 |
CANADA | 8.1 % |
 |
SOUTH KOREA | 6.2 % |
 |
SOUTH AFRICA | 3.8 % |
 |
JAPAN | 3.8 % |
 |
IRELAND | 3.3 % |
 |
BRITAIN | 2.8 % |
 |
AUSTRALIA | 2.7 % |
 |
LUXEMBOURG | 2.3 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -4.1% | -8.5% | -30.5% | -10.4% | -- | -- | 2.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 16% |
| MSCI EAFE | 0.92 | 27% |
| MSCI Emg Mkts | 1.51 | 73% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 2.91% |
| ADV of underlying (mns) | $3,432 |
Technical Indicators
| Recent close | $22.50 |
| 30d moving avg. | $22.48 |
| Annualized volatility | 32.5% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| 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 | 60.0% | +21 bp | -0.5% |
| KWEB | KraneShares CSI China Internet ETF | 43.3% | +4 bp | -2.9% |
| FXI | iShares China Large-Cap ETF | 40.0% | +9 bp | +9.8% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 38.8% | +3 bp | -3.7% |
| KEMQ | Kraneshares Emerging Markets Consumer Technology Index ETF | 37.5% | -6 bp | -1.9% |
| MCH | Matthews China Active ETF | 31.6% | +14 bp | +4.6% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 31.1% | -6 bp | +8.9% |
| MCHI | iShares MSCI China ETF | 30.8% | -8 bp | +7.4% |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 30.3% | 0 bp | +2.8% |
| FLCH | Franklin FTSE China ETF | 28.7% | -46 bp | +7.7% |
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 6/7/2023
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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
2.5%
Cat. Avg
7.6%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.5% |
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 272 funds in the International Equities category, with an average ALTAR Score™
of 7.6% 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 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 | 291.2 | 356.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .