Investment Objective/Strategy - The First Trust Morningstar Dividend Leaders 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 Morningstar® Dividend Leaders IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
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The index consists of stocks listed on one of the three major exchanges, NYSE, NYSE Amex or Nasdaq, that have shown dividend consistency and dividend sustainability. Real Estate Investment Trusts (REITs) are not included.
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Through the application of Morningstar's proprietary multi-step screening process, a universe is identified. The top 100 stocks, based on dividend yield, are selected for the index.
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The individual holdings are weighted based on each security's shares outstanding, free float factor, and annual indicated dividend per share. The weighting of each holding is capped to enhance portfolio diversification.
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The index is reconstituted once annually each June and rebalanced four times annually in March, June, September and December.
| Ticker | FDL |
| Fund Type | Equity Income |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | Bank of New York Mellon Corp |
| CUSIP | 336917109 |
| ISIN | US3369171091 |
| Intraday NAV | FDLIV |
| Fiscal Year-End | 12/31 |
| Exchange | NYSE Arca |
| Inception | 3/9/2006 |
| Inception Price | $20.00 |
| Inception NAV | $20.00 |
| Rebalance Frequency | Quarterly |
| Gross Expense Ratio* | 0.46% |
| Net Expense Ratio* | 0.45% |
* As of 5/2/2022
Expenses are capped contractually at 0.45% per year, at least until April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
| Closing NAV1 | $37.43 |
| Closing Market Price2 | $37.45 |
| Bid/Ask Midpoint | $37.44 |
| Bid/Ask Premium | 0.03% |
| 30-Day Median Bid/Ask Spread3 | 0.03% |
| Total Net Assets | $2,605,249,874 |
| Outstanding Shares | 69,600,002 |
| Daily Volume | 1,753,440 |
| Average 30-Day Daily Volume | 1,284,395 |
| Closing Market Price 52-Week High/Low | $38.84 / $32.62 |
| Closing NAV 52-Week High/Low | $38.82 / $32.63 |
| Number of Holdings (excluding cash) | 98 |
| Holding |
Percent |
| AT&T Inc. |
8.25% |
| AbbVie Inc. |
8.09% |
| Chevron Corporation |
7.00% |
| Verizon Communications Inc. |
6.27% |
| Pfizer Inc. |
6.12% |
| Philip Morris International Inc. |
5.32% |
| Merck & Co., Inc. |
5.31% |
| The Coca-Cola Company |
4.28% |
| Altria Group, Inc. |
4.20% |
| Broadcom Inc. |
3.89% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 1,146 funds in the Large Value category. This fund was rated 3 stars/1,146 funds (3 years), 3 stars/1,066 funds (5 years), 4 stars/773 funds (10 years) based on risk adjusted returns.
| Maximum Market Cap. | $307,835 |
| Median Market Cap. | $12,594 |
| Minimum Market Cap. | $1,932 |
| Price/Earnings | 14.53 |
| Price/Book | 2.33 |
| Price/Cash Flow | 8.79 |
| Price/Sales | 1.86 |
|
|
2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
| Days Traded at Premium |
207 |
55 |
35 |
--- |
| Days Traded at Discount |
45 |
7 |
0 |
--- |
|
Health Care
|
22.44%
|
|
Consumer Staples
|
17.13%
|
|
Communication Services
|
15.19%
|
|
Utilities
|
13.89%
|
|
Energy
|
11.69%
|
|
Information Technology
|
8.42%
|
|
Financials
|
8.20%
|
|
Materials
|
2.50%
|
|
Consumer Discretionary
|
0.45%
|
|
Industrials
|
0.09%
|
|
|
| |