First Trust Dow Jones Internet Index Fund (FDN) is a communication-services ETF. As of October 9, 2026, ETF Copilot scores FDN 5.9 out of 10 — highest on Value (8.4), lowest on Risk (1.4). It trades at 25.1 times earnings, against its own median of 32.2. Its ten largest holdings are 63% of the fund.
What stands out in FDN's data
U.S. internet-revenue companies, from e-commerce to cloud platforms.
Has outperformed the typical communications fund over three years — more growth from the same period.
A 23% annualized three-year return edges past the 22% category median. Return on equity of 22.1% also runs above average.
A focused bet on companies that earn revenue online, for portfolios seeking digital-economy exposure.
Why did FDN move this week? It rose 3.3% in the week to October 9, 2026 — Cisco Systems and Amazon.com drove it
FDN rose 3.3% in the week to October 9, 2026. The holdings that moved it most were Cisco Systems (+5.5%), Amazon.com (+4.3%) and Snowflake (+8.2%); Meta Platforms (−1.3%) pushed the other way.
How is FDN rated? ETF Copilot scores First Trust Dow Jones Internet Index Fund (FDN) 5.9 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Dow Jones Internet Index Fund (FDN) 5.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.9 / 10
- Growth: 7.3 / 10
- Value: 8.4 / 10
- Risk: 1.4 / 10
- Quality: 6.4 / 10
- Return: 5.5 / 10
Is FDN expensive right now? It trades at 25.1 times earnings, against its own median of 32.2
As of October 9, 2026, FDN is cheaper than 92% of its own last 9 years.
Trailing 12 months, built from FDN's holdings. How we calculate this →
What's inside FDN? 56% Tech
What's inside FDN: Size (Large 92%, Mid 8%, Small 0%); Geography (International 1%, US 99%); Tech 56.1%; Magnificent 7 30.9%; AI 28.7%.
What are FDN's top holdings? The ten largest are 63% of the fund
Facebook, Amazon.com, Cisco Systems, Netflix, Alphabet, Arista Networks, Salesforce, Booking and Snowflake are FDN's largest holdings, in that order.
More concentrated than 56% of Communications ETFs.
Half of FDN's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 19 equally weighted holdings.
What is FDN's expense ratio? 0.49% a year
As of October 9, 2026, FDN charges 0.49% a year and holds $5.4B in assets across 42 positions.
| Measure | FDN |
|---|---|
| Expense ratio | 0.49% |
| Assets under management | $5.4B |
| Holdings | 42 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Dow Jones Internet Index Fund (FDN) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fdn
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