First Trust Dow Jones Internet Index Fund
ALTAR
Score™
3.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
27.5x P/Sales
ratio
2.8x
P/BV
ratio
4.1x Div.
yield
0.5%


  • 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 23, 2006
Assets (mns) $6,377
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 41
Wgt avg mkt cap (mns) $211,175
Large cap (>$10bn) 69.8%
Mid cap ($2-10bn) 23.0%
Small cap (<$2bn) 7.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 8.9 %
FACEBOOK 6.8 %
NETFLIX INC 5.4 %
CISCO SYSTEMS INC 5.2 %
SALESFORCE.COM INC 4.5 %
PAYPAL HOLDINGS INC 4.3 %
ALPHABET INC. CLASS C 4.0 %
ALPHABET INC. CLASS A 4.0 %
VERISIGN INC 2.8 %
VEEVA SYSTEMS INC-CLASS A 2.8 %
Total 48.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.1% -10.9% 13.8% 16.6% 13.9%

Market Correlations
versus... Beta R-squared
S&P500 0.99 68%
MSCI EAFE 0.86 49%
MSCI Emg. Mkts. 0.66 43%

Technical Indicators
Recent close $117.99
30d moving avg. $127.01
Annualized volatility 18.4%
Short interest (ETF) 0.6%
Short interest (Underlying) 5.1%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 867
Turnover 1.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $39,677

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 3.9%


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 62 -10 3.2 -0.7
ENTR Entrepreneur 30 Fund 40.9 49 3 3.5 -0.4
XWEB SPDR S&P Internet ETF 33.5 35 17 2.4 -1.5
IGM iShares North American Tech ETF 33.0 46 6 5.5 +1.7
TTTN UP Fintech China-U.S. Internet Titans ETF 32.6 59 -7 6.4 +2.6
IETC iShares Evolved U.S. Technology ETF 29.8 18 34 5.4 +1.6
SKYY First Trust Cloud Computing ETF 27.7 60 -8 3.0 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 27.7 60 -8 5.0 +1.2
OGIG O'Shares Global Internet Giants ETF 27.5 48 4 1.0 -2.8
QQQ Invesco QQQ Trust 27.1 20 32 5.5 +1.6
NUSI Nationwide Risk-Managed Income ETF 27.0 68 -16 5.0 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 26.6 40 12 5.5 +1.6
MILN Global X Millennials Thematic ETF 26.3 50 2 4.4 +0.5
JOYY Infusive Compounding Global Equities ETF 25.7 50 2 5.2 +1.3
GIGE SoFi Gig Economy ETF 23.9 59 -7 -0.3 -4.2
IWY iShares Russell Top 200 Growth ETF 23.7 20 32 5.6 +1.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.7 21 31 4.4 +0.5
MGK Vanguard Mega Cap Growth ETF 23.3 7 45 5.7 +1.9
AIQ Global X Future Analytics Tech ETF 23.2 68 -16 5.8 +2.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 22.4 8 44 7.0 +3.1
LRGE ClearBridge Large Cap Growth ESG ETF 22.4 60 -8 5.4 +1.6
VOX Vanguard Telecommunication Services Index Fund 22.2 10 42 6.7 +2.9
XLC The Communication Services Select Sector SPDR Fund 22.1 13 39 8.1 +4.3
JHCS John Hancock Multifactor Media & Communications ETF 21.7 40 12 7.7 +3.9
CLOU Global X Cloud Computing ETF 21.3 68 -16 1.8 -2.1
XLG Invesco S&P 500 Top 50 ETF 21.3 20 32 6.0 +2.2
VUG Vanguard Growth Index Fund 21.0 4 48 5.6 +1.7
JKE iShares Morningstar Large-Cap Growth ETF 20.6 25 27 4.7 +0.9
IXP iShares Global Comm Services ETF 20.5 46 6 7.5 +3.6
TMFC Motley Fool 100 Index ETF 20.4 50 2 5.3 +1.4
IWF iShares Russell 1000 Growth ETF 20.4 19 33 5.8 +1.9
VONG Vanguard Russell 1000 Growth Index Fund 20.2 8 44 5.9 +2.0
PBS Invesco Dynamic Media ETF 20.0 63 -11 7.5 +3.6
SCHG Schwab U.S. Large-Cap Growth ETF 19.7 4 48 5.7 +1.9
VOOG Vanguard S&P 500 Growth ETF 19.5 10 42 5.8 +1.9
SPYG SPDR Portfolio S&P 500 Growth ETF 19.5 4 48 5.9 +2.0
IVW iShares S&P 500 Growth ETF 19.4 18 34 5.7 +1.9
BUYZ Franklin Disruptive Commerce ETF 19.4 50 2 0.3 -3.6
IYW iShares U.S. Technology ETF 19.0 42 10 5.7 +1.9
IUSG iShares Core S&P US Growth ETF 18.5 4 48 5.9 +2.1
CACG ClearBridge All Cap Growth ETF 18.5 54 -2 5.7 +1.9
XNTK SPDR Morgan Stanley Technology ETF 18.2 35 17 5.5 +1.6
SYG SPDR MFS Systematic Growth Equity ETF 18.1 60 -8 6.4 +2.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.1 60 -8 6.0 +2.2
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 17.7 40 12 8.9 +5.0
SFY SoFi Select 500 ETF 17.6 0 52 6.7 +2.9
IBUY Amplify Online Retail ETF 17.2 65 -13 -1.1 -5.0
DUSA Davis Select U.S. Equity ETF 17.0 63 -11 8.2 +4.3
XITK SPDR FactSet Innovative Technology ETF 17.0 45 7 0.9 -2.9
SOCL Global X Social Media ETF 16.9 65 -13 3.5 -0.3
BOSS Global X Founder-Run Companies ETF 16.6 45 7 4.9 +1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.4 75 -23 5.0 +1.1
OEF iShares S&P 100 ETF 16.4 20 32 6.4 +2.6
KOIN Innovation Shares NextGen Protocol ETF 16.3 95 -43 5.9 +2.0
ARKW ARK Web x.0 ETF 16.3 76 -24 -0.7 -4.6
GVIP Goldman Sachs Hedge Industry VIP ETF 15.9 45 7 6.7 +2.9
GBUY Goldman Sachs Motif New Age Consumer ETF 15.7 50 2 3.7 -0.2
NACP Impact Shares NAACP Minority Empowerment ETF 15.4 75 -23 6.3 +2.4
LRNZ TrueMark Technology, AI & Deep Learning ETF 15.1 68 -16 1.6 -2.3
ARKF ARK Fintech Innovation ETF 15.0 75 -23 2.0 -1.9
ONLN ProShares Online Retail ETF 15.0 58 -6 2.7 -1.2
CIBR First Trust NASDAQ CEA Cybersecurity ETF 14.7 60 -8 4.3 +0.5
AIEQ AI Powered Equity ETF 14.5 87 -35 5.1 +1.2
PXQ Invesco Dynamic Networking ETF 14.4 63 -11 3.9 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 14.3 27 25 6.9 +3.1
PLAT WisdomTree Modern Tech Platforms Fund 14.3 45 7 2.2 -1.6
WCLD WisdomTree Cloud Computing Fund 14.2 45 7 2.8 -1.0
EBIZ Global X E-Commerce ETF 14.2 50 2 5.1 +1.2
IYC iShares U.S. Consumer Services ETF 14.2 42 10 6.6 +2.7
ACSI American Customer Satisfaction Core Alpha ETF 14.2 66 -14 7.5 +3.6
RYT Invesco S&P 500 Equal Weight Technology ETF 14.1 40 12 8.4 +4.5
VEGN US Vegan Climate ETF 14.1 60 -8 7.2 +3.4
IWL iShares Russell Top 200 ETF 14.0 15 37 6.7 +2.9
SPXN ProShares S&P 500 Ex-Financials ETF 13.9 27 25 6.7 +2.9
NULG Nuveen ESG Large-Cap Growth ETF 13.8 35 17 4.8 +1.0
QGRO American Century STOXX U.S. Quality Growth ETF 13.7 29 23 4.6 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 13.6 20 32 6.7 +2.9
DWLD Davis Select Worldwide ETF 13.6 64 -12 9.3 +5.4
GDAT Goldman Sachs Motif Data-Driven World Etf 13.6 50 2 7.0 +3.1
GENY Principal Millennials Index ETF 13.5 45 7 6.4 +2.6
MGC Vanguard Mega Cap Index Fund 13.3 7 45 6.9 +3.1
IQSU IQ Candriam ESG US Equity ETF 13.2 9 43 6.8 +2.9
SPXT ProShares S&P 500 Ex-Technology ETF 13.1 27 25 7.4 +3.6
IOO iShares Global 100 ETF 13.0 40 12 6.2 +2.3
ESGV Vanguard ESG U.S. Stock ETF 13.0 12 40 7.1 +3.2
JHMT John Hancock Multifactor Technology ETF 12.9 40 12 6.9 +3.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 12.9 49 3 5.5 +1.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 12.8 57 -5 6.4 +2.6
HSPX Global X S&P 500 Covered Call ETF 12.7 65 -13 6.6 +2.7
PBP Invesco S&P 500 BuyWrite ETF 12.6 49 3 6.8 +2.9
ADME Aptus Drawdown Managed Equity ETF 12.5 81 -29 5.5 +1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.4 15 37 7.0 +3.1
EXT WisdomTree U.S. Total Earnings Fund 12.4 28 24 7.8 +4.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 12.4 20 32 7.2 +3.4
SPXE ProShares S&P 500 Ex-Energy ETF 12.4 27 25 7.1 +3.2
IGN iShares North American Tech-Multimedia Networking ETF 12.2 46 6 7.2 +3.3
JHMC John Hancock Multifactor Consumer Discretionary ETF 12.2 40 12 8.2 +4.4
CATH Global X S&P 500 Catholic Values Custom ETF 12.2 29 23 7.1 +3.3
IYZ iShares U.S. Telecommunications ETF 12.2 42 10 9.4 +5.5
VV Vanguard Large-Cap Index Fund 12.2 4 48 7.1 +3.2

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 17.1 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.51
 
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.