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 Index
CategoryStrategy
FocusHigh Dividend Yield
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.62 billion
Average Daily Volume$320,945.10
Discount/Premium-0.01%
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 Maker
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 Friday, December 13th. Shareholders of record on Monday, December 16th will be given a dividend of $0.3568 per share on Tuesday, December 31st. This represents a $1.43 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, December 13th. This is a positive change from First Trust Morningstar Dividend Leaders Index's previous quarterly dividend of $0.23. View First Trust Morningstar Dividend Leaders Index's Dividend History.
Has First Trust Morningstar Dividend Leaders Index been receiving favorable news coverage?
News headlines about FDL stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. First Trust Morningstar Dividend Leaders Index earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news articles about the exchange traded fund a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the next few days. View News Stories for First Trust Morningstar Dividend Leaders Index.
What other stocks do shareholders of First Trust Morningstar Dividend Leaders Index own?
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)
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 investors include Bank of America Corp DE (2.84%), UBS Group AG (1.87%), Raymond James Financial Services Advisors Inc. (1.60%), Advisor Group Inc. (1.19%), Raymond James & Associates (1.06%) and Envestnet Asset Management Inc. (1.06%).
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 Strategic Wealth Advisors Group LLC, Beacon Financial Group, JFS Wealth Advisors LLC, Salomon & Ludwin LLC, Advisor Group Inc., Tower Research Capital LLC TRC, Northwest Wealth Management LLC and Institute for Wealth Management 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 Raymond James Financial Services Advisors Inc., Bank of America Corp DE, Total Clarity Wealth Management Inc., Envestnet Asset Management Inc., UBS Group AG, Harvest Investment Services LLC, J.W. Cole Advisors Inc. and Inscription Capital LLC.
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, Robinhood, 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 $27.73.
How big of a company is First Trust Morningstar Dividend Leaders Index?
What is First Trust Morningstar Dividend Leaders Index's official website?
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.
