FDLFirst Trust Morningstar Dividend Leaders Index Fund
FDL Fund Description
FDL 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 greater dividend yield by building its portfolio on the basis of historical yield performance and the ability to sustain dividend payments. 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. Eligible securities are ranked by dividend yield and the top 100 securities are selected for index inclusion. Its weighting scheme is also dividend dollar-weighted. Adjustments occur so that each security has a maximum weight of 10% and those securities weighing more than 5% do not collectively exceed 50% of the entire portfolio. This approach causes FDL to diverge from its Base Index. The Index undergoes quarterly rebalance and annual reconstitution.
FDL MSCI ESG Analytics Insight
First Trust Morningstar Dividend Leaders Index Fund has an MSCI ESG Fund Rating of BBB based on a score of 5.14 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Morningstar Dividend Leaders Index Fund ranks in the 29th percentile within its peer group and in the 4th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FDL MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FDL Summary Data
FDL Portfolio Data
FDL Index Data
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.
FDL Sector/Industry Breakdown
FDL Economic Development
FDL Performance Statistics
FDL MSCI ESG Ratings
FDL Benchmark Comparison Summary
FDL Benchmark Comparison Market Cap Size