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
$ 42.9 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 | 9.4 % |
| SPOTIFY TECHNOLOGY SA | 8.0 % |
| PROSUS N.V. CLASS N | 6.4 % |
| MEITUAN DIANPING | 5.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.8 % |
| JD.COM, INC. CLASS A | 4.7 % |
| NASPERS LTD-N SHS | 4.3 % |
| NETEASE, INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 520 |
| 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. | 40.0% |
| Emerging mkts. | 59.9% |
Sector Breakdown
Country Exposure
 |
CHINA | 46.9 % |
 |
CANADA | 10.1 % |
 |
NETHERLANDS | 9.9 % |
 |
LUXEMBOURG | 8.6 % |
 |
SOUTH AFRICA | 4.4 % |
 |
SOUTH KOREA | 4.0 % |
 |
SINGAPORE | 3.3 % |
 |
AUSTRALIA | 3.2 % |
 |
BRITAIN | 2.4 % |
 |
JAPAN | 2.3 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -12.9% | -7.1% | 15.4% | 9.3% | -9.8% | -- | -- | 5.4% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 0.5% | 0.3% | -- | -- | 0.7% |
| Total Returns | -12.9% | -7.1% | 16.0% | 9.8% | -9.6% | -- | -- | 6.1% | Ann. Volatility | 27.3% | 26.8% | 27.3% | 28.4% | 36.8% | -- | -- | 35.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 53% |
| MSCI EAFE | 1.14 | 49% |
| MSCI Emg Mkts | 1.23 | 69% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.53% |
Technical Indicators
| 30d moving avg. (EMA) | $28.89 |
| Relative strength (RSI) | 34 |
| MACD/Signal | -0.95/-0.89 |
| Bollinger Bands (Upper/Lower) | $30.03/$26.45 |
| Short interest (% of AUM) | 0.2% |
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 | 45.3% | +4 bp | +0.8% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 43.9% | +21 bp | -11.7% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 37.5% | +4 bp | -2.8% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 35.7% | -5 bp | -14.4% |
| FXI | iShares China Large-Cap ETF | 32.4% | +9 bp | -4.0% |
| MCH | Matthews China Active ETF | 31.5% | +14 bp | -9.5% |
| FLCH | Franklin FTSE China ETF | 31.1% | -46 bp | -7.8% |
| MCHI | iShares MSCI China ETF | 30.7% | -6 bp | -5.2% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 28.0% | -33 bp | -10.9% |
| GXC | SPDR S & P China ETF | 27.3% | -6 bp | -6.8% |
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 4/3/2026
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
26.4%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 344 funds in the International Equity category with an average
ALTAR Score™ of 6.5% 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
$41.69
PRICE TARGET
+55.5%
UPSIDE