First Trust Morningstar Dividend Leaders Index Fund (FDL)
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.
  • 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.
  • 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.
  • 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.
  • The index is reconstituted once annually each June and rebalanced four times annually in March, June, September and December.
Fund Overview
TickerFDL
Fund TypeEquity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP336917109
ISINUS3369171091
Intraday NAVFDLIV
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception3/9/2006
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.46%
Net Expense Ratio*0.45%
* As of 5/3/2021
Expenses are capped contractually at 0.45% per year, at least until April 30, 2022.
Current Fund Data (as of 9/22/2021)
Closing NAV1$33.03
Closing Market Price2$33.04
Bid/Ask Midpoint$33.03
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread (as of 9/21/2021)30.03%
Total Net Assets$1,638,462,093
Outstanding Shares49,600,002
Daily Volume99,684
Average 30-Day Daily Volume90,905
Closing Market Price 52-Week High/Low$35.14 / $25.42
Closing NAV 52-Week High/Low$35.12 / $25.43
Number of Holdings (excluding cash)100
Top Holdings (as of 9/22/2021)*
Holding Percent
AT&T Inc. 9.95%
Chevron Corporation 7.30%
Verizon Communications Inc. 7.12%
AbbVie Inc. 6.16%
Pfizer Inc. 5.74%
Philip Morris International Inc. 5.05%
Merck & Co., Inc. 4.38%
The Coca-Cola Company 4.35%
Altria Group, Inc. 4.20%
Broadcom Inc. 4.14%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 9/23/2021)4$0.2747
30-Day SEC Yield (as of 8/31/2021)53.95%
Unsubsidized 30-Day SEC Yield (as of 8/31/2021)63.94%
12-Month Distribution Rate (as of 8/31/2021)73.68%
Index Yield (as of 8/31/2021)84.41%
Fund Characteristics (as of 8/31/2021)10
Maximum Market Cap.$258,300
Median Market Cap.$13,408
Minimum Market Cap.$2,224
Price/Earnings19.84
Price/Book2.45
Price/Cash Flow11.05
Price/Sales1.97
Bid/Ask Premium/Discount (as of 9/22/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 139 54 54 41
Days Traded at Discount 114 7 9 17
Top Sector Exposure (as of 9/22/2021)
Health Care 19.40%
Communication Services 17.98%
Consumer Staples 17.30%
Utilities 13.71%
Energy 10.91%
Information Technology 9.02%
Financials 8.34%
Materials 2.73%
Consumer Discretionary 0.51%
Industrials 0.10%
Hypothetical Growth of $10,000 Since Inception (as of 9/21/2021) *