FDN Fees and Costs — First Trust Dow Jones Internet Index Fund
Data updated: 2026-08-21
The net expense ratio is 0.49%: a 0.39% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $130K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 15%.
FDN Fees and Expenses
Annual operating expenses and sales charges of FDN. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FDN Costs Over Time
On $10,000 invested in FDN, assuming 5% a year before costs, total costs come to $311 over 5 years, cutting the return by 0.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $311 |
| Value after costs | $10,448 | $11,406 | $12,452 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
FDN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $130K
- Bought from dealers (principal trades, not a cost): $18.1B
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $28K (0.000% of average net assets)
FDN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $53K | 40.90% |
| BTIG, LLC | $36K | 27.96% |
| OLD MISSION MARKETS LLC | $35K | 27.28% |
| CANTOR FITZGERALD & CO. | $4K | 3.30% |
| CITADEL SECURITIES LLC | $350 | 0.27% |
| RBC CAPITAL MARKETS, LLC | $264 | 0.20% |
| J.P. MORGAN SECURITIES LLC | $66 | 0.05% |
| BNP Paribas Securities Corp. | $40 | 0.03% |
FDN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $3.5B | 19.44% |
| WELLS FARGO SECURITIES, LLC | $2.8B | 15.90% |
| UBS SECURITIES LLC | $2.5B | 14.30% |
| VIRTU AMERICAS LLC | $2.0B | 11.39% |
| BOFA SECURITIES, INC. | $2.0B | 11.35% |
| RBC CAPITAL MARKETS, LLC | $1.5B | 8.15% |
| BNP PARIBAS SECURITIES CORP. | $1.2B | 6.90% |
| GOLDMAN SACHS & CO. LLC | $952.2M | 5.35% |
| JANE STREET CAPITAL, LLC | $725.5M | 4.07% |
| MORGAN STANLEY & CO. LLC | $560.8M | 3.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.