Key stats
About First Trust Morningstar ETF
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Inception date
Mar 9, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Portfolios LP
Distributor
First Trust Portfolios LP
FDL tries to generate a greater dividend yield by building its portfolio on the basis of historical yield performance and the ability to sustain dividend payments. Its rule set requires a company's current dividend to be higher than it was five years ago, and less than its forward EPS estimates. Eligible securities are ranked by dividend yield and the top 100 securities are selected for index inclusion. Its weighting scheme is also dividend dollar-weighted. Adjustments occur so that each security has a maximum weight of 10% and those securities weighing more than 5% do not collectively exceed 50% of the entire portfolio. This approach causes FDL to diverge from its Base Index. The Index undergoes quarterly rebalance and annual reconstitution.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Energy Minerals
Health Technology
Finance
Consumer Non-Durables
Stocks99.75%
Energy Minerals23.03%
Health Technology15.05%
Finance14.23%
Consumer Non-Durables12.79%
Communications7.22%
Utilities6.60%
Retail Trade4.04%
Consumer Services3.48%
Industrial Services3.17%
Transportation3.16%
Process Industries2.58%
Consumer Durables2.45%
Commercial Services0.69%
Technology Services0.68%
Distribution Services0.30%
Electronic Technology0.28%
Bonds, Cash & Other0.25%
Cash0.16%
Miscellaneous0.09%
Stock breakdown by region
North America98.46%
Europe1.54%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FDL invests in stocks. The fund's major sectors are Energy Minerals, with 23.03% stocks, and Health Technology, with 15.05% of the basket. The assets are mostly located in the North America region.
FDL top holdings are Exxon Mobil Corporation and Chevron Corporation, occupying 10.51% and 7.53% of the portfolio correspondingly.
FDL last dividends amounted to 0.36 USD. The quarter before, the issuer paid 0.49 USD in dividends, which shows a 37.08% decrease.
FDL assets under management is 5.41 B USD. It's risen 1.77% over the last month.
FDL fund flows account for 1.12 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FDL pays dividends to its holders with the dividend yield of 4.08%. The last dividend (Mar 31, 2025) amounted to 0.36 USD. The dividends are paid quarterly.
FDL shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Mar 9, 2006, and its management style is Passive.
FDL expense ratio is 0.43% meaning you'd have to pay 0.43% of your investment to help manage the fund.
FDL follows the Morningstar Dividend Leaders Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FDL invests in stocks.
FDL price has risen by 2.73% over the last month, and its yearly performance shows a 10.47% increase. See more dynamics on FDL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.31% over the last month, showed a −1.31% decrease in three-month performance and has increased by 15.58% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.31% over the last month, showed a −1.31% decrease in three-month performance and has increased by 15.58% in a year.
FDL trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.