First Trust Morningstar Dividend Leaders Index Fund
FDL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Mar 15, 2006
- CIK
- 0001329377
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Morningstar Dividend Leaders Index Fund (FDL) is an exchange-traded fund that tracks the Morningstar Dividend Leaders Index, comprising approximately 100 high-yielding U.S. large-cap stocks selected through Morningstar's proprietary screening process for consistent and sustainable dividend payments; the portfolio emphasizes dividend-weighted holdings in sectors such as energy, healthcare, consumer staples, and telecommunications, with top positions including Exxon Mobil Corporation, Chevron Corporation, Verizon Communications Inc., and Pfizer Inc., while excluding real estate investment trusts. The fund invests at least 90% of its net assets in common stocks comprising the index, which is rebalanced annually in June to include the top 100 dividend-yielding securities listed on major U.S. exchanges that meet criteria for dividend growth and sustainability. Issued by First Trust Advisors L.P., headquartered in Wheaton, Illinois, the fund was launched on March 9, 2006, and trades on NYSE Arca, serving income-oriented investors seeking exposure to value-tilted, defensive U.S. equities with a focus on total return potential through quarterly dividends currently yielding around 4%. In recent developments, the fund maintained its core strategy amid annual index rebalances, with the June 2025 reconstitution adjusting sector weights amid market volatility, including increased exposure to energy and healthcare holdings that influenced performance; First Trust Advisors announced distributions for FDL and related ETFs in December 2025, reflecting ongoing commitment to shareholder income. No major acquisitions, partnerships, or structural changes specific to FDL were reported in 2024 or 2025, though the sponsor continued expanding its broader ETF lineup and shareholder approvals for other First Trust funds highlighted routine governance activities. The fund's assets under management stood at approximately $5.96 billion as of late 2025, supported by institutional ownership growth from firms like Wealth Enhancement Advisory Services and Bennett Associates Wealth Management.