First Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETF (FDND) Stock

FDND

First Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETF FDND · CBOE

$22.37 +1.41% (+$0.31)

Summary

First Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 43. The ten largest make up 62% of the fund.

Yearly costs: 0.75%
Fund size: $9.93M
Positions: 43
Dividend yield: 0.68%
Running since: 2024

What speaks for it

Nothing stands out in its favour.

What to watch

The ten largest positions make up 62% of the fund, so its result rests on a few names.
98% of the fund is in one country (United States).
A young fund: it has been running only since 2024.
A small fund with $9.93M under management; small funds get closed more often.
It trades little: only about $46.9K changes hands a day.

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: -1.1%
3 months: +4.1%
This year: -0.8%
1 year: -7.6%

Avg. market cap: $1.02T
P/E: 24.6x
Forward P/E: 21.5x
P/S: 5.9x
P/B: 7.4x
P/FCF: 28.5x
EV/EBITDA: 18.0x
Dividend yield: 0.37%
ROIC: 13.6%
ROE: 20.9%
Gross margin: 67.9%
Operating margin: 21.0%
Net margin: 22.2%
Payout ratio: 9.1%
Net debt/EBITDA: 2.7x
Beta: 1.14

Weighted average of the 41 largest companies, which make up 99% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Concentrated

1
ME
Meta META 11%
2
AM
Amazon AMZN 10%
3
CS
Cisco CSCO 8.6%
4
NF
Netflix NFLX 5.9%
5
GO
Alphabet GOOGL 5.8%
6
GO
Alphabet GOOG 4.6%
7
CR
Salesforce CRM 4.5%
8
BK
Booking BKNG 4.2%
9
AN
Arista ANET 4.2%
10
SN
Snowflake SNOW 3.7%

Positions in the fund: 43. The ten largest make up 62% of it.

Composition as of Oct 18, 2026.

Where is it spread?

One country

By country

United States 98%
Australia 1.1%
Other countries 0.6%

By company size

Mega cap 54%
Large cap 46%
Mid cap 0.5%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest country: United States (98%). Largest size group: Mega cap (54%).

What does it cost me?

Usual costs

This fund 0.75%

Middle of comparable ETFs 0.75%

A year from $10,000: $75.00
Over 20 years: $3,544

From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.

How has it done?

Losing value

+1.2%

2025

Over the last year: -7.6%
Deepest drop: -25%
Yearly volatility: 21%

Decline over the last year: 7.6%. Deepest drop in these years: 25% below the earlier high.

Does it pay dividends?

Yes, it pays out

Yield: 0.68%
Last payment: $0.15

Over the last 12 months it paid $0.15 per share, which is 0.68% of today's price. The last payment was $0.15 on Sep 24, 2026.

Is it easy to buy and sell?

It trades little

Traded a day: $46.9K
Shares a day: 2.1K

On an average day about $46.9K of the fund changes hands.

How expensive are the companies inside?

Usual valuation

P/E of the companies inside: 24.6
Average Bulios Score: 69 out of 100

Weight by Bulios Fair Price

Undervalued 29%
Fairly valued 0.8%
Overvalued 70%

On average the companies inside trade for 24.6 times their yearly profit. By Fair Price, 70% of the rated weight comes out as overvalued.

Counted from its largest companies (41), which make up 99% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
FD FDN First Trust Dow Jones Internet Index Fund	United States	0.49%	$5.17B	+1.8%	Reinvests	99%
FD FDN.TO First Trust Dow Jones Internet ETF	Canada	0.15%	$5.54M	+6.7%	Reinvests	87%
WE WEBL Direxion Daily Dow Jones Internet Bull 3X Shares	United States	0.96%	$133.9M	-16%	Pays out	62%
HE HEMI Hartford Equity Premium Income ETF	United States	0.58%	$37.6M	-	Pays out	49%
PN PNQI Invesco NASDAQ Internet ETF	United States	0.60%	$546.7M	-5.9%	Pays out	45%
OG OGIG ALPS O'Shares Global Internet Giants ETF	United States	0.48%	$99.7M	-13%	Pays out	39%

About the fund

FDND aims to provide income at an annual rate of 8%, before fees and expenses, over the annual dividend yield of the Nasdaq-100 Index. The income stems from dividends from individual equity positions and premiums from selling naked call options. However, there is no guarantee the fund will deliver the target income. The portfolio manager actively selects 40 of the largest and most liquid US internet companies, which includes firms in the internet commerce and internet services sub-industries. Each week, FDND attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Nasdaq-100 Index or related ETFs. The income from dividends and option premiums are expected to be distributed monthly. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.

Issuer: First Trust
Asset class: Multi-Asset
Domicile: United States
Launched: Mar 20, 2024
Net asset value per share: $22.06

Fund page at the issuer

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By company size

Weight by Bulios Fair Price