Key stats
About First Trust Morningstar ETF
Expense ratio
0.45%
Home page
Inception date
Mar 9, 2006
FDL tries to generate a greater dividend yield by building its portfolio on the basis of historical yield performance and the ability to sustain dividend payments. Its rule set requires a company's current dividend to be higher than it was five years ago, and less than its forward EPS estimates. Eligible securities are ranked by dividend yield and the top 100 securities are selected for index inclusion. Its weighting scheme is also dividend dollar-weighted. Adjustments occur so that each security has a maximum weight of 10% and those securities weighing more than 5% do not collectively exceed 50% of the entire portfolio. This approach causes FDL to diverge from its Base Index. The Index undergoes quarterly rebalance and annual reconstitution.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Energy Minerals
Health Technology
Consumer Non-Durables
Stocks99.95%
Finance22.34%
Energy Minerals16.53%
Health Technology14.26%
Consumer Non-Durables12.77%
Utilities9.60%
Communications8.56%
Technology Services3.98%
Industrial Services3.65%
Producer Manufacturing2.55%
Consumer Durables2.49%
Process Industries1.74%
Retail Trade1.09%
Distribution Services0.25%
Commercial Services0.11%
Bonds, Cash & Other0.05%
Cash0.05%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history