- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 30, 2007
- Business
- First Trust STOXX European Select Dividend Index Fund (FDD) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before the fund's fees and expenses, of the STOXX Europe Select Dividend 30 Index, a dividend-weighted index of 30 high-dividend-yielding stocks selected from the STOXX Europe 600 Index; the fund invests at least 90% of its net assets in common stocks that comprise the index or depositary receipts representing securities in the index. Primarily focused on large-cap European value stocks with high dividend yields across sectors including financial services, energy, utilities, telecommunications, and consumer staples, FDD targets investors seeking exposure to select dividend-paying companies in developed European markets such as the United Kingdom, Germany, France, Spain, and Italy. The fund, with assets under management of approximately $626 million, trades on the Nasdaq under the ticker FDD and features an expense ratio of 0.59%, a dividend yield around 5%, and quarterly distributions.
Launched on August 27, 2007, FDD is issued and managed by First Trust Advisors L.P., a privately-held investment adviser affiliated with First Trust Portfolios L.P., both headquartered in Wheaton, Illinois; First Trust, founded in 1991, is a leading provider of exchange-traded funds, unit investment trusts, mutual funds, closed-end funds, and separately managed accounts, with collective assets under management or supervision exceeding $300 billion as of late 2025.
In recent developments, First Trust Advisors L.P. completed the reorganization of certain WCM mutual funds into new First Trust ETFs in October 2024, including the First Trust WCM International Equity ETF, expanding its equity offerings; the firm launched the First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) with an exchange listing in November 2025 and announced proposed reorganizations of four Vest mutual funds into new target outcome ETFs; additionally, First Trust has continued regular distributions for FDD and its suite of over 150 ETFs, with recent payouts declared in December 2025, alongside portfolio turnover management and index tracking adjustments amid European market volatility.