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FDL Fund Description
The First Trust Morningstar Dividend Leaders ETF tracks a dividend-weighted index of US companies with consistent and sustained dividend payments. The fund holds roughly 100 securities and excludes REITs.
FDL FactSet Analytics Insight
FDL tries to generate a juicy dividend yield
“tends to under-weight the tech sector” by building its portfolio on the basis of historical yield performance. Its rule set requires a company's current dividend to be higher than it was five years ago, and less than its forward EPS estimates. The index chooses the 100 highest-yielding firms, and weights them by the dollar value of dividend payments. This approach causes FDL to diverge from our neutral benchmark, and it especially tends to under-weight the tech sector, where companies have not established a long track-record of dividends. It also excludes REITs, which may suit investors who are bearish on real estate, while making big bets on traditional dividend paying sectors like utilities and consumer cyclicals. Boasting excellent onscreen and underlying liquidity, FDL trades easily for investors at a retail or institutional level. Its expense ratio is above-average for its segment, but the fund tends to track well.
FDL Top 10 Countries
FDL Top 10 Sectors
FDL Top 10 Holdings View All
FDL Summary Data
FDL Portfolio Data
FDL Index Data
Related ETFs to FDL
FDL Portfolio Management
FDL Tax Exposures
FDL Fund Structure
FDL FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FDL. FDL is rated a 5 out of 5.