First Trust Morningstar Dividend Leaders Index Fund (FDL) Price, Holdings, & News

ETF Overview

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them. At the annual rebalance date each June, the Index consists of the top 100 stocks, based on dividend yield, of the securities listed on one of the three exchanges (the New York Stock Exchange, the NYSE Amex or NASDAQ) that have been selected through the application of Morningstar, Inc.'s multi-step screening process. The Fund's investment advisor is First Trust Advisors L.P.

Key Stats

• Today's Range: $51.06 to $51.86
• 50-Day Range: $48.66 to $52.51
• 52-Week Range: $41.74 to $53.16
• Volume: 1.10 million shs
• Average Volume: 1.06 million shs
• Market Capitalization: $7.74 billion
• Assets Under Management: $7.90 billion
• Dividend Yield: 3.57%
• Net Expense Ratio: 0.43%
• Aggregate Rating: Hold

Fund Details

• Issuer: First Trust
• Fund Name: First Trust Morningstar Dividend Leaders Index Fund
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:FDL
• Inception Date: 3/9/2006
• Fund Manager: Daniel J. Lindquist, Jon C. Erickson, David G. McGarel, Roger F. Testin, Stan Ueland, Chris A. Peterson
• Web: www.ftportfolios.com
• Phone: +1-800-6211675

Fund Focus

• Asset Class: Equity
• Benchmark: Morningstar Dividend Leaders Index
• Category: Strategy
• Focus: High Dividend Yield
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 101

Fund Statistics

• Assets Under Management: $7.90 billion
• Average Daily Volume: $1.03 million
• Discount/Premium: 0.03%

Administrator, Advisor and Custodian

• Administrator: The Bank of New York Mellon Corporation
• Advisor: First Trust Advisors L.P.
• Custodian: The Bank of New York Mellon Corporation
• Distributor: First Trust Portfolios L.P.
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: RBC Capital Markets

Options

• Optionable: N/A
• Short Interest: 462,598 shs

Miscellaneous

• Outstanding Shares: 150,400,000
• Beta: 0.58
• Creation Unit: 50,000
• Creation Fee: $500.00