First Trust Dow Jones Internet Index Fund
ALTAR
Score™
1.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
57.7x P/Sales
ratio
5.8x
P/BV
ratio
8.7x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Dow Jones Internet Index Fund seeks investment results that correspond to the price and yield of an equity index called Dow Jones Internet Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jun 19, 2006
Assets (mns) $10,871
Currency USD
Expense ratio 52 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $352,806
Large cap (>$10bn) 87.3%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 2.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 8.9 %
FACEBOOK 6.8 %
PAYPAL HOLDINGS INC 5.1 %
SALESFORCE.COM INC 4.6 %
NETFLIX INC 4.5 %
ALPHABET INC. CLASS A 4.5 %
ALPHABET INC. CLASS C 4.4 %
CISCO SYSTEMS INC 4.4 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 4.1 %
SNAP, INC. CLASS A 3.6 %
Total 50.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
49.1% 50.7% 22.2% 20.1% 17.3%

Market Correlations
versus... Beta R-squared
S&P500 1.09 77%
MSCI EAFE 0.94 56%
MSCI Emg. Mkts. 0.79 50%

Technical Indicators
Recent close $207.47
30d moving avg. $197.55
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Short interest (Underlying) 5.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 408
Turnover 0.8%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $47,467

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Dow Jones Internet Index Fund ETF based on the alternatives' overlap in portfolio holdings with FDN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDN Expense: 52 bp ALTAR Score™: 1.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDN
Ticker Fund
Name
Overlap1
vs FDN
(%)
Expense
ratio
(bp)
Savings
vs FDN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDN
(%)
PNQI Invesco NASDAQ Internet ETF 44.3 60 -8 1.2 -0.7
PLAT WisdomTree Modern Tech Platforms Fund 39.2 20 32 1.4 -0.4
IGM iShares Expanded Tech Sector ETF 35.2 46 6 3.6 +1.8
ENTR Entrepreneur 30 Fund 34.7 49 3 1.0 -0.8
XWEB SPDR S&P Internet ETF 31.5 35 17 -0.1 -2.0
OGIG O'Shares Global Internet Giants ETF 31.0 48 4 0.7 -1.2
IETC iShares Evolved U.S. Technology ETF 30.8 18 34 3.6 +1.8
TECB iShares US Tech Breakthrough Multisector ETF 29.7 40 12 3.9 +2.0
TTTN UP Fintech China-U.S. Internet Titans ETF 29.1 59 -7 4.8 +3.0
QYLD Global X NASDAQ 100 Covered Call ETF 28.7 60 -8 3.4 +1.5
NUSI Nationwide Risk-Managed Income ETF 28.4 68 -16 3.6 +1.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 28.3 60 -8 3.4 +1.6
QQQM Invesco NASDAQ 100 ETF 28.0 15 37 3.8 +1.9
QQQ Invesco QQQ Trust 28.0 20 32 3.7 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 27.5 4 48 3.4 +1.6
MILN Global X Millennials Thematic ETF 27.3 50 2 2.1 +0.3
MGK Vanguard Mega Cap Growth ETF 27.0 7 45 3.9 +2.0
SYG SPDR MFS Systematic Growth Equity ETF 26.4 60 -8 4.1 +2.2
FCOM Fidelity MSCI Telecommunication Services Index ETF 26.1 8 44 4.5 +2.7
FDG American Century Focused Dynamic Growth ETF 25.9 45 7 1.5 -0.3
VOX Vanguard Telecommunication Services Index Fund 25.5 10 42 4.4 +2.6
IWY iShares Russell Top 200 Growth ETF 24.9 20 32 3.8 +2.0
TMFC Motley Fool 100 Index ETF 24.9 50 2 3.2 +1.4
XLG Invesco S&P 500 Top 50 ETF 24.4 20 32 4.3 +2.5
GIGE SoFi Gig Economy ETF 24.3 59 -7 -0.6 -2.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.8 21 31 2.9 +1.0
SKYY First Trust Cloud Computing ETF 23.7 60 -8 2.0 +0.2
SOCL Global X Social Media ETF 23.3 65 -13 2.1 +0.3
VUG Vanguard Growth Index Fund 23.2 4 48 3.7 +1.9
MMLG First Trust Multi-Manager Large Growth ETF 22.9 85 -33 2.0 +0.2
JHCS John Hancock Multifactor Media & Communications ETF 22.8 40 12 5.2 +3.3
CLOU Global X Cloud Computing ETF 22.8 68 -16 0.5 -1.3
JKE iShares Morningstar Large-Cap Growth ETF 22.7 25 27 2.9 +1.0
AIQ Global X Future Analytics Tech ETF 22.6 68 -16 3.8 +2.0
IWF iShares Russell 1000 Growth ETF 22.5 19 33 3.6 +1.8
XLC The Communication Services Select Sector SPDR Fund 22.4 13 39 5.4 +3.6
VOOG Vanguard S&P 500 Growth ETF 22.3 10 42 4.1 +2.3
IYW iShares U.S. Technology ETF 22.3 43 9 3.7 +1.9
VONG Vanguard Russell 1000 Growth Index Fund 21.9 8 44 3.8 +1.9
XITK SPDR FactSet Innovative Technology ETF 21.6 45 7 0.5 -1.4
CCON Direxion Connected Consumer ETF 21.5 45 7 1.4 -0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 21.4 4 48 4.2 +2.4
IVW iShares S&P 500 Growth ETF 21.4 18 34 4.1 +2.2
SPMO Invesco S&P 500 Momentum ETF 21.3 13 39 4.0 +2.1
BUYZ Franklin Disruptive Commerce ETF 20.9 50 2 -0.2 -2.0
PBS Invesco Dynamic Media ETF 20.9 63 -11 5.3 +3.5
WFH Direxion Work From Home ETF 20.8 45 7 5.2 +3.4
IXP iShares Global Comm Services ETF 20.6 46 6 5.5 +3.6
HIPR Direxion High Growth ETF 20.5 40 12 4.4 +2.5
ACSI American Customer Satisfaction Core Alpha ETF 20.3 66 -14 3.7 +1.8
IUSG iShares Core S&P US Growth ETF 20.2 4 48 4.2 +2.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.1 60 -8 3.8 +2.0
SLT Pacer Salt High TruBeta US Market ETF 20.1 60 -8 3.1 +1.2
GVIP Goldman Sachs Hedge Industry VIP ETF 20.1 45 7 3.5 +1.6
OEF iShares S&P 100 ETF 19.9 20 32 4.5 +2.7
IGV iShares Expanded Tech-Software ETF 19.4 46 6 2.2 +0.4
LRGE ClearBridge Large Cap Growth ESG ETF 19.3 59 -7 3.6 +1.7
JOYY Infusive Compounding Global Equities ETF 19.1 50 2 3.6 +1.8
ALFA AlphaClone Alternative Alpha ETF 19.0 65 -13 -0.5 -2.3
FDMO Fidelity Momentum Factor ETF 18.5 29 23 3.2 +1.3
NULG Nuveen ESG Large-Cap Growth ETF 18.3 35 17 3.6 +1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.3 12 40 4.2 +2.4
IWFH iShares Virtual Work and Life Multisector ETF 18.1 47 5 0.8 -1.0
WUGI Esoterica NextG Economy ETF 17.9 75 -23 1.3 -0.6
ARKF ARK Fintech Innovation ETF 17.8 75 -23 0.3 -1.5
ARKW ARK Web x.0 ETF 17.8 76 -24 -0.8 -2.6
ESGV Vanguard ESG U.S. Stock ETF 17.8 12 40 4.7 +2.9
DUSA Davis Select U.S. Equity ETF 17.7 63 -11 5.6 +3.8
AIEQ AI Powered Equity ETF 17.7 87 -35 1.9 +0.1
LCG Sterling Capital Focus Equity ETF 17.6 59 -7 2.4 +0.6
QGRO American Century STOXX U.S. Quality Growth ETF 17.6 29 23 3.1 +1.3
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 17.5 99 -47 1.5 -0.4
SPQQ Siren Large Cap Blend Index ETF 17.2 20 32 4.5 +2.6
XNTK SPDR NYSE Technology ETF 17.2 35 17 3.2 +1.4
SFYF SoFi 50 ETF 17.1 29 23 1.0 -0.8
FXL First Trust Technology AlphaDEX Fund 17.1 61 -9 3.7 +1.8
ANEW ProShares MSCI Transformational Changes ETF 16.9 45 7 3.1 +1.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.8 49 3 4.7 +2.9
VIRS Pacer BioThreat Strategy ETF 16.7 70 -18 4.6 +2.8
STLG iShares Factors US Growth Style ETF 16.7 25 27 4.2 +2.4
CACG ClearBridge All Cap Growth ETF 16.5 54 -2 4.1 +2.2
JKH iShares Morningstar Mid-Cap Growth ETF 16.3 30 22 1.9 +0.1
MTUM iShares MSCI USA Momentum Factor ETF 16.3 15 37 4.0 +2.2
KOIN Innovation Shares NextGen Protocol ETF 16.2 95 -43 4.1 +2.3
IWL iShares Russell Top 200 ETF 16.1 15 37 4.6 +2.8
EFIV SPDR S&P 500 ESG ETF 15.9 10 42 4.8 +3.0
SNPE Xtrackers S&P 500 ESG ETF 15.9 10 42 4.8 +2.9
SPXV ProShares S&P 500 Ex-Health Care ETF 15.8 27 25 4.6 +2.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 15.8 57 -5 4.6 +2.7
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 15.8 40 12 6.7 +4.9
SPXN ProShares S&P 500 Ex-Financials ETF 15.7 27 25 4.6 +2.8
FTC First Trust Large Cap Growth AlphaDEX Fund 15.7 61 -9 2.4 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 15.7 0 52 4.8 +3.0
MGC Vanguard Mega Cap Index Fund 15.7 7 45 4.8 +3.0
VEGN US Vegan Climate ETF 15.7 60 -8 4.7 +2.9
IOO iShares Global 100 ETF 15.7 40 12 4.5 +2.7
PWB Invesco Dynamic Large Cap Growth ETF 15.6 56 -4 3.3 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.6 20 32 4.6 +2.8
SPXT ProShares S&P 500 Ex-Technology ETF 15.4 27 25 5.2 +3.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Dow Jones Internet Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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 not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.2 %
Divided by: Fwd. P/BV 7.3 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 1.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.