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.
Basic Details
Issuer First Trust
Fund NameFirst Trust Morningstar Dividend Leaders Index
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:FDL
Inception Date3/9/2006
Fund ManagerDaniel J. Lindquist, Jon C. Erickson, David G. McGarel, Roger F. Testin, Stan Ueland, Chris A. Peterson
Phone+1-800-6211675
Fund Focus
Asset ClassEquity
BenchmarkMorningstar Dividend Leaders TR USD
CategoryStrategy
FocusHigh Dividend Yield
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.59 billion
Average Daily Volume$120,767.00
Discount/Premium1.77%
ETF Expenses
Management Fee0.30%
Other Expenses0.17%
Total Expenses0.47%
Fee Waiver-0.02%
Net Expenses0.45%
Administrator, Advisor and Custodian
AdministratorThe Bank of New York Mellon Corporation
AdvisorFirst Trust Advisors L.P.
CustodianThe Bank of New York Mellon Corporation
DistributorFirst Trust Portfolios L.P.
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerRBC Capital Markets
First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Frequently Asked Questions
What is First Trust Morningstar Dividend Leaders Index's stock symbol?
First Trust Morningstar Dividend Leaders Index trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "FDL."
How often does First Trust Morningstar Dividend Leaders Index pay dividends? What is the dividend yield for First Trust Morningstar Dividend Leaders Index?
First Trust Morningstar Dividend Leaders Index declared a quarterly dividend on Thursday, June 21st. Investors of record on Friday, June 22nd will be paid a dividend of $0.2623 per share on Friday, June 29th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, June 21st. This is an increase from First Trust Morningstar Dividend Leaders Index's previous quarterly dividend of $0.23. View First Trust Morningstar Dividend Leaders Index's Dividend History.
Who are First Trust Morningstar Dividend Leaders Index's key executives?
First Trust Morningstar Dividend Leaders Index's management team includes the folowing people:
- James A. Bowen, Chairman of the Board of Trustees, President, Chief Executive Officer (Age 61)
- Mark R. Bradley, Chief Financial Officer, Chief Accounting Officer, Treasurer, Controller (Age 59)
- W. Scott Jardine Esq., Chief Compliance Officer, Secretary (Age 57)
- Kelley A. Christensen, Vice President (Age 42)
- Daniel J. Lindquist, Vice President (Age 47)
- Roger F. Testin, Vice President (Age 48)
- Stan Ueland, Vice President (Age 43)
- James M. Dykas, Assistant Treasurer (Age 51)
- Kristi A. Maher, Assistant Secretary (Age 50)
- Richard E. Erickson M.D., Trustee (Age 66)
Has First Trust Morningstar Dividend Leaders Index been receiving favorable news coverage?
Headlines about FDL stock have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Trust Morningstar Dividend Leaders Index earned a daily sentiment score of 0.05 on Accern's scale. They also assigned headlines about the exchange traded fund an impact score of 46.86 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for First Trust Morningstar Dividend Leaders Index.
Who are First Trust Morningstar Dividend Leaders Index's major shareholders?
First Trust Morningstar Dividend Leaders Index's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Morgan Stanley (7.56%), Bank of America Corp DE (2.98%), Wells Fargo & Company MN (2.55%), Jaffetilchin Investment Partners LLC (1.26%), Raymond James & Associates (0.98%) and BB&T Securities LLC (0.93%).
Which major investors are selling First Trust Morningstar Dividend Leaders Index stock?
FDL stock was sold by a variety of institutional investors in the last quarter, including BB&T Securities LLC, Morgan Stanley, Wells Fargo & Company MN, Private Advisor Group LLC, Bank of America Corp DE, Cambridge Investment Research Advisors Inc., Sigma Planning Corp and Janney Montgomery Scott LLC.
Which major investors are buying First Trust Morningstar Dividend Leaders Index stock?
FDL stock was purchased by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, Prospera Financial Services Inc, Northwest Wealth Management LLC, V Wealth Management LLC, Stephens Inc. AR, Trust Department MB Financial Bank N A, High Falls Advisors Inc and Baird Financial Group Inc..
How do I buy shares of First Trust Morningstar Dividend Leaders Index?
Shares of FDL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Trust Morningstar Dividend Leaders Index's stock price today?
One share of FDL stock can currently be purchased for approximately $29.92.
How can I contact First Trust Morningstar Dividend Leaders Index?
First Trust Morningstar Dividend Leaders Index's mailing address is 120 East Liberty Drive Suite 400, Wheaton, 60187, United States. The exchange traded fund can be reached via phone at +1-800-6211675.
MarketBeat Community Rating for First Trust Morningstar Dividend Leaders Index (NYSEARCA FDL)
MarketBeat's community ratings are surveys of what our community members think about First Trust Morningstar Dividend Leaders Index and other stocks. Vote "Outperform" if you believe FDL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FDL will underperform the S&P 500 over the long term. You may vote once every thirty days.
