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The First Trust Dow Jones Internet Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Dow Jones Internet Index. For a stock to be included in the selection universe for the index, a company must generate at least 50% of its annual sales/revenues from the Internet. Index components are selected from the eligible universe using a combination of three-month average float-adjusted market capitalization and three-month average share volume with a goal of capturing 80% of the float-adjusted selection universe.