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First Trust Dow Jones Internet Index

First Trust Dow Jones Internet Index is an exchange-traded fund (ETF) that seeks to replicate the price and yield performance of the Dow Jones Internet Composite Index. The ETF is managed by First Trust Portfolios L.P. and listed on the NASDAQ stock exchange under the ticker symbol "FDN."

The Dow Jones Internet Composite Index is a free-float adjusted market capitalization-weighted index made up of U.S. and non-U.S. companies in the internet industry, including e-commerce, internet services, and interactive media & services. As of February 2023, the index includes 40 holdings with a weighted average market capitalization of around $140 billion.

Some of the top holdings in the ETF include well-known names such as Alphabet Inc. (Google), Amazon.com, Meta Platforms (Facebook), and Alibaba Group. The ETF's investment objective is to provide investment results that correspond generally to the price and yield performance of the index, before fund fees and expenses.

The ETF has an expense ratio of 0.53% and distributes dividends on a quarterly basis. It is considered a high-risk investment due to its focus on the internet industry, which can be volatile and sensitive to economic conditions. As with any investment, it is recommended to consult with a financial advisor before making any investment decisions.