Key stats
About First Trust Morningstar ETF
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Inception date
Mar 9, 2006
Structure
Open-Ended Fund
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 Advisors 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
Consumer Non-Durables
Health Technology
Utilities
Finance
Stocks99.72%
Consumer Non-Durables16.07%
Health Technology16.06%
Utilities15.31%
Finance15.06%
Communications8.80%
Energy Minerals8.03%
Technology Services4.41%
Consumer Durables4.28%
Retail Trade3.06%
Transportation2.99%
Process Industries2.24%
Industrial Services1.73%
Consumer Services0.63%
Commercial Services0.41%
Distribution Services0.36%
Producer Manufacturing0.28%
Bonds, Cash & Other0.28%
Cash0.19%
Miscellaneous0.09%
Stock breakdown by region
North America98.68%
Europe1.32%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history