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
$ 43.1 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 +
| SHOPIFY, INC. CLASS A | 9.8 % |
| ALIBABA GROUP HOLDING LTD. | 9.6 % |
| TENCENT HOLDINGS LTD | 8.2 % |
| SPOTIFY TECHNOLOGY SA | 8.2 % |
| PROSUS N.V. CLASS N | 6.5 % |
| NETEASE, INC | 4.7 % |
| JD.COM, INC. CLASS A | 4.6 % |
| MEITUAN DIANPING | 4.5 % |
| NASPERS LTD-N SHS | 4.4 % |
| BAIDU, INC. CLASS A | 4.1 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 534 |
| 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. | 43.7% |
| Emerging mkts. | 55.8% |
Sector Breakdown
Country Exposure
 |
CHINA | 43.6 % |
 |
CANADA | 10.5 % |
 |
NETHERLANDS | 10.3 % |
 |
LUXEMBOURG | 9.1 % |
 |
SOUTH AFRICA | 4.4 % |
 |
AUSTRALIA | 4.2 % |
 |
SOUTH KOREA | 3.9 % |
 |
SINGAPORE | 3.7 % |
 |
GERMANY | 2.4 % |
 |
BRITAIN | 2.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.0% | -14.4% | 7.0% | 9.0% | -9.1% | -- | -- | 4.2% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 0.4% | 0.3% | -- | -- | 0.7% |
| Total Returns | -19.0% | -14.4% | 7.5% | 9.4% | -8.8% | -- | -- | 4.9% | Ann. Volatility | 27.9% | 23.6% | 27.8% | 28.0% | 36.6% | -- | -- | 34.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.34 | 45% |
| MSCI EAFE | 0.98 | 39% |
| MSCI Emg Mkts | 0.87 | 54% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $0 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.51% |
Technical Indicators
| 30d moving avg. (EMA) | $27.81 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.21/-0.21 |
| Bollinger Bands (Upper/Lower) | $28.43/$26.95 |
| 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 | 43.3% | +4 bp | +2.4% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 42.7% | +21 bp | -10.4% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 37.1% | +4 bp | -2.4% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 34.7% | -5 bp | -15.4% |
| FXI | iShares China Large-Cap ETF | 31.6% | +9 bp | -3.6% |
| MCHI | iShares MSCI China ETF | 27.7% | -6 bp | -4.6% |
| FLCH | Franklin FTSE China ETF | 26.8% | -46 bp | -6.8% |
| TCHI | iShares MSCI China Multisector Tech ETF | 25.1% | -6 bp | -11.3% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 24.5% | -33 bp | -10.8% |
| GXC | SPDR S & P China ETF | 24.2% | -6 bp | -6.2% |
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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
25.5%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. FDNI's ALTAR Score™ is approximately 12.5 standard
deviations above the category average. This places FDNI in the 99th percentile
among funds in the category.
Sell-Side Consensus
$40.67
PRICE TARGET
+41.5%
UPSIDE