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First Trust Dow Jones International Internet (FDNI)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.65 % · ISIN US33734X7701
Price history (since 2018)
Monthly close since 2018. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Shopify Inc SHOP | 12.6 % | −83.6 % | 66 |
| Alibaba Group Holding Ltd 9988 | 9.8 % | +22.8 % | 54 |
| Tencent Holdings Ltd 0700 | 9.2 % | +3.7 % | 70 |
| Spotify Technology SA SPOT | 6.0 % | −62.1 % | 69 |
| Sea Ltd SE | 5.0 % | −53.3 % | 61 |
| PDD Holdings Inc. PDD | 4.6 % | +174.1 % | 66 |
| Adyen NV ADYEN | 4.4 % | +17.4 % | 72 |
| Jd Com Inc 9618 | 4.2 % | n/a | n/a |
| Meituan 3690 | 4.2 % | n/a | n/a |
| NetEase Inc 9999 | 4.2 % | n/a | n/a |
| Prosus N.V. PRX | 4.2 % | +93.0 % | 68 |
| Naspers Limited NNW | 3.9 % | n/a | n/a |
| Baidu Inc 9888 | 3.1 % | +3.4 % | 40 |
| Naver Corporation 035420 | 2.6 % | +11.6 % | 64 |
| Kuaishou Technology 1024 | 1.5 % | +158.3 % | 54 |
| Allegro.eu S.A. ALE | 1.5 % | −26.9 % | 77 |
| IREN Ltd IREN | 1.4 % | −93.2 % | 37 |
| Xero Ltd XRO | 1.2 % | −69.4 % | 42 |
| Delivery Hero SE DHER | 1.1 % | −65.2 % | 36 |
| Wise plc WISE | 1.1 % | +10.1 % | 64 |
| Z Holdings Corp 4689 | 1.0 % | n/a | n/a |
| Kakao Corp 035720 | 0.9 % | −30.6 % | 54 |
| Nexon Co Ltd 3659 | 0.9 % | n/a | n/a |
| CAR Group Ltd CAR | 0.9 % | −37.9 % | 55 |
| Futu Holdings Ltd FUTU | 0.9 % | +65.9 % | 76 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 40 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about FDNI
Is FDNI overvalued?
What is the fair value of FDNI?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FDNI?
What is the expense ratio of FDNI?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust Dow Jones International Internet ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.