FDNDFT Vest Dow Jones Internet & Target Income ETF
Seeks current income with a secondary objective of capital appreciation.
By First Trust · Launched 2024
0.75%
#3,765 of 5,562 · expensive
$10M
#4,747 of 5,562 · small
7.89%
2 years
#3,495 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Dow Jones Internet Composite Index
What it actually holds
By weightConcentration
Top 10 holdings = 64.2% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks current income with a secondary objective of capital appreciation.
- Strategy
- Invests primarily in U.S. equity securities to track the Dow Jones Internet Composite Index and employs a call option strategy on the Nasdaq-100 Index. Aims to generate income through dividends and option premiums, targeting an annual distribution rate of approximately 8% above the Nasdaq-100 Index's yield.
- Inception date
- March 20, 2024
- Fund family
- First Trust
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20