FDL
First Trust Morningstar Dividend Leaders Index Fund
First Trust Morningstar Dividend Leaders Index Fund seeks investment results that correspond to the price and yield of an equity index called the Morningstar Dividend Leaders Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 7.1 B
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | Mar 09, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 11.3 % |
| CHEVRON CORP | 9.0 % |
| VERIZON COMMUNICATIONS INC | 8.0 % |
| PFIZER INC | 5.9 % |
| MERCK & CO. INC. | 5.7 % |
| PEPSICO INC | 5.1 % |
| ALTRIA GROUP INC | 4.8 % |
| BRISTOL-MYERS SQUIBB CO | 3.4 % |
| UNITED PARCEL SERVICE-CL B | 3.3 % |
| COMCAST CORP-CL A | 3.1 % |
Constituent Breakdown
| Number of holdings | 87 |
| Herfindahl-Hirschman Index | 465 |
| Wgt avg mkt cap (mns) | $159,784 |
| Large cap (>$10bn) | 93.9% |
| Mid cap ($2-10bn) | 5.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.0 % |
 |
BRITAIN | 0.9 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.5% | 16.7% | 18.6% | 12.0% | 10.9% | 7.7% | -- | 4.7% |
| Dividend Yield | 0.0% | 3.4% | 4.8% | 4.8% | 4.8% | 4.4% | -- | 4.2% |
| Total Returns | 15.5% | 20.1% | 23.4% | 16.8% | 15.7% | 12.2% | -- | 8.9% | Ann. Volatility | 12.9% | 15.4% | 13.6% | 13.7% | 14.4% | 17.1% | -- | 19.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.51 | 41% |
| MSCI EAFE | 0.61 | 42% |
| MSCI Emg Mkts | 0.42 | 24% |
Liquidity Measures
| Avg. volume (000) | 1,274 |
| ADV traded (mns) | $63 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $49.62 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 0.74/0.99 |
| Bollinger Bands (Upper/Lower) | $51.33/$50.13 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDL |
Expenses vs. FDL |
ALTAR Score™ vs. FDL |
|---|---|---|---|---|
| DHS | WisdomTree U.S. High Dividend Fund | 53.0% | -7 bp | -0.4% |
| SCHD | Schwab US Dividend Equity ETF | 42.5% | -39 bp | -0.6% |
| SDOG | ALPS Sector Dividend Dogs ETF | 40.3% | -9 bp | -0.7% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 39.6% | -15 bp | -0.1% |
| DURA | VanEck Durable High Dividend ETF | 37.9% | -16 bp | -2.3% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 36.1% | +4 bp | -3.1% |
| HDV | iShares Core High Dividend ETF | 35.6% | -37 bp | -2.8% |
| SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | 35.2% | -38 bp | +1.3% |
| WBIY | WBI Power Factor High Dividend ETF | 34.9% | +55 bp | +3.4% |
| DVY | iShares Select Dividend ETF | 33.0% | -7 bp | -0.6% |
Risk and Returns: FDL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/13/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.0%
ALTAR SCORE™
95th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,189 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. FDL's ALTAR Score™ is approximately 1.6 standard
deviations above the category average. This places FDL in the 95th percentile
among funds in the category.
Sell-Side Consensus
$53.29
PRICE TARGET
+7.0%
UPSIDE