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
$ 47.9 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Nov 06, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| 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. | 10.0 % |
| TENCENT HOLDINGS LTD | 9.7 % |
| SHOPIFY, INC. CLASS A | 9.1 % |
| SPOTIFY TECHNOLOGY SA | 7.8 % |
| PROSUS N.V. CLASS N | 6.9 % |
| MEITUAN DIANPING | 5.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.6 % |
| NASPERS LTD-N SHS | 4.6 % |
| JD.COM, INC. CLASS A | 4.5 % |
| NETEASE, INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 555 |
| Wgt avg mkt cap (mns) | $166,341 |
| Large cap (>$10bn) | 90.0% |
| Mid cap ($2-10bn) | 9.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 44.5% |
| Emerging mkts. | 55.2% |
Sector Breakdown
Country Exposure
 |
CHINA | 46.2 % |
 |
NETHERLANDS | 10.4 % |
 |
CANADA | 9.7 % |
 |
LUXEMBOURG | 8.5 % |
 |
SOUTH AFRICA | 4.6 % |
 |
SOUTH KOREA | 3.7 % |
 |
SINGAPORE | 3.5 % |
 |
AUSTRALIA | 3.3 % |
 |
BRITAIN | 2.5 % |
 |
JAPAN | 2.3 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.7% | -12.1% | 9.0% | 4.0% | -9.6% | -- | -- | 4.1% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 0.4% | 0.3% | -- | -- | 0.7% |
| Total Returns | -19.7% | -12.1% | 9.6% | 4.3% | -9.4% | -- | -- | 4.9% | Ann. Volatility | 29.0% | 26.4% | 27.8% | 28.2% | 36.6% | -- | -- | 35.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 55% |
| MSCI EAFE | 1.06 | 51% |
| MSCI Emg Mkts | 1.06 | 66% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.55% |
Technical Indicators
| 30d moving avg. (EMA) | $28.36 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.08/-0.35 |
| Bollinger Bands (Upper/Lower) | $29.47/$25.65 |
| Short interest (% of AUM) | 0.2% |
Distributions
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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 | 44.3% | +4 bp | +1.4% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 43.3% | +21 bp | -10.4% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 37.4% | +4 bp | -1.8% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 35.3% | -5 bp | -13.2% |
| FXI | iShares China Large-Cap ETF | 32.0% | +9 bp | -3.1% |
| MCH | Matthews China Active ETF | 31.5% | +14 bp | -8.5% |
| FLCH | Franklin FTSE China ETF | 30.1% | -46 bp | -6.4% |
| MCHI | iShares MSCI China ETF | 29.6% | -6 bp | -4.1% |
| GXC | SPDR S & P China ETF | 26.0% | -6 bp | -5.6% |
| CQQQ | Invesco China Technology ETF | 25.5% | +5 bp | -6.5% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 4/21/2026
Peer Group Comparison Sample data. Subscribe for access.
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
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
24.0%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 345 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.5%. FDNI's ALTAR Score™ is approximately 11.7 standard
deviations above the category average. This places FDNI in the 99th percentile
among funds in the category.
Sell-Side Consensus
$39.69
PRICE TARGET
+32.7%
UPSIDE