ETF Evaluator: First Trust S-Network Glb E-Com ETF () Follow This ETF

First Trust S-Network Glb E-Com ETF Overview

First Trust S-Network Glb E-Com ETF (ISHP) is a passively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). First Trust launched the ETF in 2016.

The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the S-Network Global E-Commerce Index. The fund will normally invest at least 90% of its net assets in the securities that comprise the index. The index seeks to provide exposure to companies with securities listed on major global recognized exchanges that are engaged in the global e-commerce industry.

About First Trust S-Network Glb E-Com ETF (ISHP)

There are 7 members of the management team with an average tenure of 9.26 years: Daniel Lindquist (2016), Jon Erickson (2016), David McGarel (2016), Stan Ueland (2016), Chris Peterson (2016), Erik Russo (2020) and Roger Testin (2016). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S-Network Global E-Commerce TR USD index with a weighting of 100%. First Trust S-Network Glb E-Com ETF has 64 securities in its portfolio. The top 10 holdings constitute 18.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

First Trust S-Network Glb E-Com ETF is part of the Equity global asset class and is within the International Equity ETF group. First Trust S-Network Glb E-Com ETF has 51.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 48.6% There is 51.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Trust S-Network Glb E-Com ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $2 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ISHP Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Trust S-Network Glb E-Com ETF expense ratio is above average compared to funds in the Global Large-Stock Blend category. First Trust S-Network Glb E-Com ETF has an expense ratio of 0.60%, which is 22% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. First Trust S-Network Glb E-Com ETF has a portfolio turnover rate of 41%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.

Recently, in the month of July 2026, First Trust S-Network Glb E-Com ETF returned 8.0%, which earned it a grade of A, as the Global Large-Stock Blend category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

First Trust S-Network Glb E-Com ETF has a trailing yield of 1.13%, which is below the 1.66% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

First Trust S-Network Glb E-Com ETF Grades

Year to date, the ETF has returned -8.8%, 17.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -9.6% over the past year (grade of F), 8.3% over the past three years (grade of F) and 2.1% per year over the past five years (grade of F).

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