FDNDFT Vest Dow Jones Internet & Target Income ETF
Seeks current income with a secondary objective of providing capital appreciation.
By First Trust · Launched 2024
0.75%
#3,925 of 5,861 · average
$9M
#4,916 of 5,861 · small
5.25%
2 years
#3,408 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
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 = 62.7% 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
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks current income with a secondary objective of providing capital appreciation.
- Strategy
- Invests primarily in U.S. exchange-traded equity securities to track the Dow Jones Internet Composite Index while utilizing an option strategy of writing call options on the Nasdaq-100 Index. Aims for current income and capital appreciation through dividends and option premiums.
- Inception date
- March 20, 2024
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
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 2026-08-04