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First Trust Morningstar Dividend Leaders Index Fund
ETF
FDL
Payout Change
Pending
Price as of:
$42.51
-0.34
-0.79%
primary theme
U.S. Large-Cap Value Equity
FDL (ETF)
First Trust Morningstar Dividend Leaders Index Fund
Payout Change
Pending
Price as of:
$42.51
-0.34
-0.79%
primary theme
U.S. Large-Cap Value Equity
FDL (ETF)
First Trust Morningstar Dividend Leaders Index Fund
Payout Change
Pending
Price as of:
$42.51
-0.34
-0.79%
primary theme
U.S. Large-Cap Value Equity
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
22.2%
1 yr return
35.7%
3 Yr Avg Return
12.3%
5 Yr Avg Return
10.2%
Net Assets
$3.97 B
Holdings in Top 10
55.8%
52 WEEK LOW AND HIGH
$42.9
$33.78
$42.85
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FDL - Profile
Distributions
- YTD Total Return 22.2%
- 3 Yr Annualized Total Return 12.3%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.90%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Morningstar Dividend Leaders Index Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateMar 09, 2006
-
Shares Outstanding74200002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by Morningstar, Inc. (the “Index Provider”). The Index Providerserves as the index calculation agent. The Index Provider continually reviews the Index methodology to account for factors such as evolving market trends, feedback received from market participants or as an endeavor to adopt evolving best practices in the industry. Such reviews may cause the Index Provider to change the Index construction or calculation methodology, as well as the Index's treatment of various corporate actions. Such changes can impact the Index’s selection universe, portfolio composition or the Index’s on-going maintenance.The Index is designed to measure the performance of the 100 highest-yielding stocks that have a consistent record of dividend payment and have the ability to sustain their dividend payments. The securities comprising the Morningstar® US Market IndexSM(the “Base Index”) serve as the Fund’s selection universe. The Base Index is a broad market index representing 97% of U.S. equity market capitalization. According to the Index Provider, to be eligible for inclusion in the Base Index, a security must be listed on a qualifying U.S. securities exchange and be issued by a company incorporated in the United States or its territories and whose primary stock market activities are carried out in the United States. Securities issued by companies incorporated outside the United States and its territories may nonetheless be included in the Base Index if the company files a Form 10-K/10-Q or equivalents, and its primary business activities, as measured by the geographic distribution of revenue and assets, are conducted in the United States. The Base Index also excludes securities based on liquidity standards determined by the Index Provider.From this universe, according to the Index Provider, the Index further excludes any securities issuing dividend payments that do not constitute qualifying income (i.e., real estate investment trusts). The Index also excludes securities issued by companies with a five-year indicated dividend per share growth of less than zero and a coverage ratio of one or less than one. A security’s coverage ratio equals its one-year forecast of earnings per share divided by its indicated dividend per share. All remaining securities are then ranked by indicated dividend yield and the top 100 securities are selected for inclusion in the Index. The Index weights the component securities based upon an indicated dividend dollar weighted methodology. Weights are adjusted so that no individual security has a weight of greater than 10% and securities with a weight of more than 5% do not collectively exceed 50% of the entire portfolio.The Index is rebalanced quarterly and reconstituted annually and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 28, 2024, the Index was composed of 92 securities and the Fund had significant investments in financial companies, although this may change from time to time. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 28, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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FDL - Performance
Return Ranking - Trailing
| Period | FDL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.2% | -6.9% | 47.5% | 20.95% |
| 1 Yr | 35.7% | 7.5% | 72.9% | 18.72% |
| 3 Yr | 12.3%* | -3.4% | 32.6% | 2.64% |
| 5 Yr | 10.2%* | -0.1% | 45.9% | 64.01% |
| 10 Yr | 10.0%* | 1.7% | 25.3% | 24.03% |
* Annualized
Return Ranking - Calendar
| Period | FDL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.9% | -16.9% | 46.1% | 90.42% |
| 2022 | 2.8% | -64.7% | 4.6% | 0.65% |
| 2021 | 20.2% | -44.2% | 57.5% | 32.69% |
| 2020 | -9.2% | -23.2% | 285.0% | 92.71% |
| 2019 | 19.6% | -21.4% | 48.5% | 45.74% |
Total Return Ranking - Trailing
| Period | FDL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.2% | -6.9% | 47.5% | 20.95% |
| 1 Yr | 35.7% | 7.5% | 72.9% | 18.72% |
| 3 Yr | 12.3%* | -3.4% | 32.6% | 2.64% |
| 5 Yr | 10.2%* | -0.1% | 45.9% | 64.01% |
| 10 Yr | 10.0%* | 1.7% | 25.3% | 24.03% |
* Annualized
Total Return Ranking - Calendar
| Period | FDL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.9% | -15.9% | 46.7% | 94.94% |
| 2022 | 6.7% | -42.0% | 8.5% | 1.03% |
| 2021 | 24.8% | 3.6% | 129.7% | 64.23% |
| 2020 | -4.4% | -22.6% | 304.8% | 93.99% |
| 2019 | 24.4% | -12.7% | 52.1% | 65.01% |
FDL - Holdings
Concentration Analysis
| FDL | Category Low | Category High | FDL % Rank | |
|---|---|---|---|---|
| Net Assets | 3.97 B | 1.97 M | 163 B | 24.61% |
| Number of Holdings | 101 | 2 | 1727 | 36.73% |
| Net Assets in Top 10 | 2.16 B | 433 K | 37.8 B | 15.70% |
| Weighting of Top 10 | 55.76% | 4.4% | 99.1% | 3.22% |
Top 10 Holdings
- Chevron Corp 8.74%
- Verizon Communications Inc 8.31%
- AbbVie Inc 8.10%
- Pfizer Inc 6.90%
- Philip Morris International Inc 5.71%
- Altria Group Inc 4.79%
- International Business Machines Corp 4.50%
- United Parcel Service Inc 3.42%
- Gilead Sciences Inc 2.93%
- CVS Health Corp 2.35%
Asset Allocation
| Weighting | Return Low | Return High | FDL % Rank | |
|---|---|---|---|---|
| Stocks | 99.70% | 7.19% | 103.40% | 14.60% |
| Cash | 0.30% | 0.00% | 36.15% | 80.81% |
| Preferred Stocks | 0.00% | 0.00% | 15.27% | 91.55% |
| Other | 0.00% | -2.59% | 36.68% | 87.70% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 91.33% |
| Bonds | 0.00% | 0.00% | 78.06% | 91.83% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FDL % Rank | |
|---|---|---|---|---|
| Healthcare | 22.27% | 0.00% | 30.08% | 8.80% |
| Consumer Defense | 16.78% | 0.00% | 34.10% | 4.08% |
| Communication Services | 15.24% | 0.00% | 26.58% | 3.34% |
| Utilities | 13.68% | 0.00% | 27.04% | 1.76% |
| Energy | 11.94% | 0.00% | 54.00% | 11.21% |
| Financial Services | 8.74% | 0.00% | 58.05% | 98.24% |
| Technology | 8.51% | 0.00% | 54.02% | 72.57% |
| Basic Materials | 1.98% | 0.00% | 21.69% | 76.65% |
| Consumer Cyclical | 0.77% | 0.00% | 22.74% | 98.52% |
| Industrials | 0.09% | 0.00% | 42.76% | 99.63% |
| Real Estate | 0.00% | 0.00% | 90.54% | 98.61% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FDL % Rank | |
|---|---|---|---|---|
| US | 99.70% | 7.19% | 103.40% | 13.41% |
| Non US | 0.00% | 0.00% | 24.08% | 92.10% |
FDL - Expenses
Operational Fees
| FDL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | 14.82% | 90.32% |
| Management Fee | 0.30% | 0.00% | 1.50% | 10.31% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.00% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| FDL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| FDL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FDL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 72.79% |
FDL - Distributions
Dividend Yield Analysis
| FDL | Category Low | Category High | FDL % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.65% | 0.00% | 16.67% | 30.70% |
Dividend Distribution Analysis
| FDL | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| FDL | Category Low | Category High | FDL % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.90% | -1.51% | 4.28% | 0.56% |
Capital Gain Distribution Analysis
| FDL | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.388 | OrdinaryDividend |
| Jun 27, 2024 | $0.485 | OrdinaryDividend |
| Mar 21, 2024 | $0.332 | OrdinaryDividend |
| Dec 22, 2023 | $0.517 | OrdinaryDividend |
| Sep 22, 2023 | $0.361 | OrdinaryDividend |
| Jun 27, 2023 | $0.457 | OrdinaryDividend |
| Mar 24, 2023 | $0.310 | OrdinaryDividend |
| Dec 23, 2022 | $0.389 | OrdinaryDividend |
| Sep 23, 2022 | $0.402 | OrdinaryDividend |
| Jun 24, 2022 | $0.237 | OrdinaryDividend |
| Mar 25, 2022 | $0.279 | OrdinaryDividend |
| Dec 23, 2021 | $0.428 | OrdinaryDividend |
| Sep 23, 2021 | $0.275 | OrdinaryDividend |
| Jun 24, 2021 | $0.348 | OrdinaryDividend |
| Mar 25, 2021 | $0.237 | OrdinaryDividend |
| Dec 24, 2020 | $0.368 | OrdinaryDividend |
| Sep 24, 2020 | $0.299 | OrdinaryDividend |
| Jun 25, 2020 | $0.369 | OrdinaryDividend |
| Mar 26, 2020 | $0.290 | OrdinaryDividend |
| Dec 13, 2019 | $0.357 | OrdinaryDividend |
| Sep 25, 2019 | $0.382 | OrdinaryDividend |
| Jun 14, 2019 | $0.255 | OrdinaryDividend |
| Mar 21, 2019 | $0.229 | OrdinaryDividend |
| Dec 18, 2018 | $0.352 | OrdinaryDividend |
| Sep 14, 2018 | $0.242 | OrdinaryDividend |
| Jun 21, 2018 | $0.262 | OrdinaryDividend |
| Mar 22, 2018 | $0.226 | OrdinaryDividend |
| Dec 21, 2017 | $0.289 | OrdinaryDividend |
| Sep 21, 2017 | $0.213 | OrdinaryDividend |
| Jun 22, 2017 | $0.238 | OrdinaryDividend |
| Mar 23, 2017 | $0.216 | OrdinaryDividend |
| Dec 21, 2016 | $0.266 | OrdinaryDividend |
| Sep 21, 2016 | $0.201 | OrdinaryDividend |
| Jun 22, 2016 | $0.180 | OrdinaryDividend |
| Mar 23, 2016 | $0.168 | OrdinaryDividend |
| Dec 23, 2015 | $0.246 | OrdinaryDividend |
| Sep 23, 2015 | $0.192 | OrdinaryDividend |
| Jun 24, 2015 | $0.219 | OrdinaryDividend |
| Mar 25, 2015 | $0.208 | OrdinaryDividend |
| Dec 23, 2014 | $0.216 | OrdinaryDividend |
| Sep 23, 2014 | $0.202 | OrdinaryDividend |
| Jun 24, 2014 | $0.193 | OrdinaryDividend |
| Mar 25, 2014 | $0.192 | OrdinaryDividend |
| Dec 18, 2013 | $0.196 | OrdinaryDividend |
| Sep 20, 2013 | $0.115 | OrdinaryDividend |
| Jun 21, 2013 | $0.194 | OrdinaryDividend |
| Mar 21, 2013 | $0.181 | OrdinaryDividend |
| Dec 21, 2012 | $0.206 | OrdinaryDividend |
| Sep 21, 2012 | $0.180 | OrdinaryDividend |
| Jun 21, 2012 | $0.166 | OrdinaryDividend |
| Mar 21, 2012 | $0.157 | OrdinaryDividend |
| Dec 21, 2011 | $0.143 | OrdinaryDividend |
| Sep 21, 2011 | $0.136 | OrdinaryDividend |
| Jun 21, 2011 | $0.181 | OrdinaryDividend |
| Mar 22, 2011 | $0.150 | OrdinaryDividend |
| Dec 21, 2010 | $0.141 | OrdinaryDividend |
| Sep 21, 2010 | $0.134 | OrdinaryDividend |
| Jun 22, 2010 | $0.166 | OrdinaryDividend |
| Mar 23, 2010 | $0.137 | OrdinaryDividend |
| Dec 22, 2009 | $0.173 | OrdinaryDividend |
| Sep 22, 2009 | $0.154 | OrdinaryDividend |
| Jun 23, 2009 | $0.102 | OrdinaryDividend |
| Mar 23, 2009 | $0.143 | OrdinaryDividend |
| Dec 23, 2008 | $0.180 | OrdinaryDividend |
| Sep 22, 2008 | $0.196 | OrdinaryDividend |
| Jun 23, 2008 | $0.223 | OrdinaryDividend |
| Mar 24, 2008 | $0.206 | OrdinaryDividend |
| Dec 21, 2007 | $0.263 | OrdinaryDividend |
| Sep 21, 2007 | $0.220 | OrdinaryDividend |
| Jun 21, 2007 | $0.200 | OrdinaryDividend |
| Mar 23, 2007 | $0.200 | OrdinaryDividend |
| Dec 21, 2006 | $0.200 | OrdinaryDividend |
| Sep 25, 2006 | $0.200 | OrdinaryDividend |
| Jun 23, 2006 | $0.200 | OrdinaryDividend |
FDL - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Mar 09, 2006
16.24
16.2%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Mar 09, 2006
16.24
16.2%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Mar 09, 2006
16.24
16.2%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Mar 09, 2006
16.24
16.2%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Roger Testin
Start Date
Tenure
Tenure Rank
Mar 09, 2006
16.24
16.2%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Chris Peterson
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.08 | 6.71 |
