First Trust Dow Jones Internet IndexSM Fund (FDN)

Description:

The First Trust Dow Jones Internet IndexSM Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Dow Jones Internet IndexSM. For a stock to be included in the selection universe for the index, a company must generate at least 50% of its annual sales/revenues from the Internet. To be eligible for the Dow Jones Internet Index, a stock issued through an initial public offering must have a minimum of three months’ trading history. Spinoffs will require this history only if the parent stock has itself been trading for less than three months. An index-eligible stock also must have: A three-month average market capitalization of at least $100 million; a three-month average closing price above $10 if it is not currently in the index; sufficient trading activity to pass liquidity tests. Index components are selected from the eligible universe using a combination of three-month average float-adjusted market capitalization and three-month average share volume with a goal of capturing 80% of the float-adjusted selection universe. The index composition is reviewed each quarter. Rebalancing takes effect after the close of trading on the third Friday of March, June, September and December. Source: First Trust [read more]

Last Trade: $100.69
Trade Time: 07/21/2017
Prev Close: $100.69
Open: $100.43
High: $100.63
Low: $100.13
Volume: 115,859
Optionable: No
Yield: 0
Annual Dividend: 0
Dividend Freq: Quarterly
Leverage: No
Inverse: No
Expense Ratio: 0.600
Inception Date: 06/19/2006
  • Technology (67.2300%)
  • Consumer Cyclical (27.2300%)
  • Financial (4.4200%)
  • Technology Services (1.1700%)

  • United States (100.0500%)