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

45 bp

EXPENSES

$3.9 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 09, 2006
Assets (mns)$3,878
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingDividend
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CHEVRON CORP 9.8 %
VERIZON COMMUNICATIONS INC 8.9 %
ABBVIE INC 7.9 %
PFIZER INC 7.7 %
PHILIP MORRIS INTERNATIONAL 7.1 %
ALTRIA GROUP INC 6.0 %
INTL BUSINESS MACHINES CORP 4.1 %
CITIGROUP INC 3.4 %
3M CO 2.8 %
DUKE ENERGY CORP 2.7 %
Constituent Breakdown
Number of holdings91
Herfindahl-Hirschman Index 474
Wgt avg mkt cap (mns)$121,745
Large cap (>$10bn)93.6%
Mid cap ($2-10bn)5.9%
Small cap (<$2bn)0.5%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.6 %
BRITAIN 1.1 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 8.7% 23.5% 4.7% 8.8% 10.8% 9.4% 7.8%
Volatility 11.5% 12.7% 15.7% 14.8% 21.1% 16.9% --
Market Correlations
versus...BetaR-squared
S&P 5000.7359%
MSCI EAFE0.8067%
MSCI Emg Mkts0.5431%
Liquidity Measures
Avg. volume (000)505
Turnover0.5%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$13,239
Technical Indicators
Recent close$37.74
30d moving avg.$38.00
Annualized volatility17.0%
Relative strength (RSI)51
Short interest (ETF)0.0%
Short interest (underlying)1.6%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: FDL vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
1.5 11.0 1.7 5.1% --
Based on closing prices from 6/13/2024
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SHOWING:
Price-to-Earnings
FDL



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FDL

9.9%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.9%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 892 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. FDL's ALTAR Score™ is approximately 1.5 standard deviations above the category average. This places FDL in the 93rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FDL
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FDL 45.0 3.0 48
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .