What this ETF is trying to do

The FIRST TRUST DOW JONES INTERNET INDEX FUND (ticker: FDN) is an ETF designed to track the performance of companies involved in the internet industry. It focuses on businesses that use the internet to provide services or products. This fund holds a variety of companies, including major technology and digital service providers.

What the numbers show

The current price of FDN is $293.83. Based on the data, we can look at how the share price has moved over different periods:

• Year-to-Date (YTD): The price return is approximately 9.16%.

• One-Year: The price return is approximately 5.73%.

• Three-Year: The price return is approximately 87.77%.

Because this fund does not pay distributions, the price return and the total return are the same. For example, the one-year total return is also 5.73%. An estimated price from roughly one year ago was $277.91.

Income and distribution explanation

This ETF does not currently provide regular income to investors. The data shows a distribution yield of 0% and no distributions have been detected over the last 12 months. Because there are no payouts, this fund is not designed to act as an income-generating tool for investors looking for regular cash payments.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be a sign of trouble, it is not the same thing as NAV erosion.

For FDN, the erosion-risk score is 100, which is labeled as "No price erosion detected." The erosion severity is described as "good," and there is no severe erosion-risk flag. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• Strong Price Growth: The fund has shown significant price returns over the last three years.

• Low Erosion Risk: The data indicates no detected price erosion and a "good" erosion severity rating.

• Major Tech Exposure: The fund provides access to well-known internet and tech companies.

Cons

• No Income: Investors seeking regular cash distributions or dividends will not find them here, as the yield is 0%.

• Partial Data: The list of holdings provided is a partial list, meaning there are other companies in the fund not shown here.

Top Holdings

The following is a partial list of the top holdings in this fund (as of October 7, 2026):

• META PLATFORMS INC CLASS A: 11.08%

• AMAZON.COM INC: 9.86%

• CISCO SYSTEMS INC: 8.55%

• ALPHABET INC CLASS A: 5.76%

• NETFLIX INC: 5.75%

• ARISTA NETWORKS INC: 4.74%

• ALPHABET INC CLASS C: 4.62%

• SALESFORCE INC: 4.22%

• BOOKING HOLDINGS INC: 4.17%

• SNOWFLAKE INC ORDINARY SHARES: 4.01%

Please note that holdings can change over time.

Beginner takeaway

FDN is an ETF focused on the internet sector. It has shown strong price growth over the last three years, but it does not pay out any dividends or distributions. It is a way to gain exposure to internet-based companies rather than a way to collect regular income.