First Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETF
FDND
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- First Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETF is a non-diversified, actively managed exchange-traded fund that seeks to provide current income, with capital appreciation as a secondary objective. The Fund invests primarily in U.S.-exchange-traded equity securities selected to track the Dow Jones Internet Composite Index, which is designed to represent large, actively traded U.S. Internet companies deriving at least 50% of sales or revenue from Internet Commerce or Internet Services activities. Its underlying equity exposure encompasses online retail; search; online financial services and investment products; social media; digital advertising; travel platforms; internet radio; cloud computing; enterprise software; networking; website-creation tools; and digital-marketing services. The Fund generally invests at least 80% of net assets, plus borrowings for investment purposes, in Internet-company securities and investments that generate option-premium income. It supplements portfolio dividend income by writing short-dated, typically at-the-money, U.S.-exchange-traded call options on the Nasdaq-100 Index or exchange-traded funds tracking the Nasdaq-100 Index, seeking monthly distributions at an annual rate approximately 8.0% above the Nasdaq-100 Index’s current annual dividend yield, before fees and expenses; this target is not guaranteed. The Fund’s portfolio is managed to provide exposure to approximately 40 U.S.-listed Internet-company equities and, as of January 30, 2026, had significant exposure to communication services, consumer discretionary and information technology companies. The Fund is advised by First Trust Advisors L.P. and sub-advised by Vest Financial LLC, with First Trust Portfolios L.P. serving as distributor; it is a series of First Trust Exchange-Traded Fund IV and trades on Cboe BZX Exchange under the ticker FDND. First Trust Advisors L.P., together with its U.S. and European affiliates, provides investment-management services across exchange-traded funds, closed-end funds, mutual funds, unit investment trusts and separately managed accounts. FDND was formed on March 20, 2024 and commenced trading on March 21, 2024. Recent operational developments include the March 2, 2026 update of the Fund’s prospectus, which restated annual operating expenses at 0.75%, and the Fund’s continued inclusion in First Trust Exchange-Traded Fund IV’s transfer-agency arrangement with The Bank of New York Mellon as of August 12, 2026.