First Trust Morningstar Dividend Leaders Index Fund

Frequently Asked Questions About FDL

What does FDL invest in?

This offering, known as the First Trust Morningstar Dividend Leaders Index Fund, operates as an exchange-traded fund (ETF). Its fundamental purpose is to closely mirror the performance of the Morningstar Dividend Leaders IndexSM, aiming to match both its price movements and dividend generation as accurately as possible before factoring in the fund's own fees and expenses.

What is the expense ratio of FDL?

First Trust Morningstar Dividend Leaders Index Fund (FDL) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations.

What is FDL's dividend yield?

FDL's trailing-twelve-month yield is 3.49%, calculated from the sum of dividends over the past year divided by the current price.

How big is FDL?

First Trust Morningstar Dividend Leaders Index Fund (FDL) manages $8.10B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FDL actively managed or an index fund?

FDL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FDL launched?

First Trust Morningstar Dividend Leaders Index Fund (FDL) launched in March 2006 and is managed by First Trust.