What Is FDN? First Trust Dow Jones Internet Index Fund
Last updated July 2026
Short answer
FDN is First Trust Dow Jones Internet Index Fund, an ETF that tracks a US technology sector index at a 0.49% expense ratio. FDN tracks a US technology sector index. It is concentrated: the ten largest positions are about 61% of the fund, led by AMZN at 10.0%. It charges 0.49%. It has traded since 2006, so its record spans more than one full cycle.
FDN is issued by First Trust and tracks a US technology sector index. It charges a 0.49% expense ratio, holds approximately $5.0B in assets under management, yields about 0.00%, and launched in 2006.
What is FDN?
FDN is First Trust Dow Jones Internet Index Fund, an ETF that tracks a US technology sector index at a 0.49% expense ratio. FDN tracks a US technology sector index. It is concentrated: the ten largest positions are about 61% of the fund, led by AMZN at 10.0%. It charges 0.49%. It has traded since 2006, so its record spans more than one full cycle.
FDN is issued by First Trust and tracks a US technology sector index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
What does FDN hold?
FDN is weighted toward its largest constituents. As of August 2026, the top holdings are:
| Rank | Ticker | Company | % of FDN | |
|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | 10.0% | |
| 2 | META | Meta Platforms Inc Class A | 9.8% | |
| 3 | CSCO | Cisco Systems Inc | 8.5% | |
| 4 | GOOGL | Alphabet Inc Class A | 5.6% | |
| 5 | ANET | Arista Networks Inc | 5.0% | |
| 6 | BKNG | Booking Holdings Inc | 5.0% | |
| 7 | ORCL | Oracle Corp | 4.6% | |
| 8 | GOOG | Alphabet Inc Class C | 4.4% | |
| 9 | CRM | Salesforce Inc | 4.1% | |
| 10 | NFLX | Netflix Inc | 3.9% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
How do I invest in FDN?
There are three common ways to get FDN exposure. Buy shares (or fractional shares) of FDN directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so FDN sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. FDN trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is FDN a good buy?
Whether FDN is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks a US technology sector index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is FDN a buy?
The bottom line on FDN
FDN gives you a US technology sector index exposure in one ticker at a 0.49% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on FDN
Whether FDN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is FDN a buy?
FDN yields 0.00% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see FDN dividend: yield and schedule.
New to funds like FDN? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how FDN fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in FDN with AI
Connect the broker you already use and ask Walnut's AI how FDN fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is FDN's ticker symbol?
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FDN, First Trust Dow Jones Internet Index Fund. Issued by First Trust; tracks a US technology sector index. Trades during US market hours, available at every major US brokerage.
What is FDN's expense ratio?
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0.49% as of August 2026.
What are FDN's top holdings?
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Top holdings as of August 2026: AMZN, META, CSCO, GOOGL, ANET and others. See the full holdings table above.
How can I invest in FDN through Walnut?
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Walnut isn't a broker. Connect a brokerage and Walnut sits on top to help you build and track thematic portfolios. FDN can be a constituent alongside individual stocks.
How do I compare FDN to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. FDN's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to August 2026; verify current figures against First Trust's fund page or your broker before investing.