FDL First Trust Morningstar Dividend Leaders ETF
Seeks to track, before fees and expenses, the Morningstar Dividend Leaders Index.The Index consists of stocks listed on one of the three major exchanges, NYSE, NYSE Amex or Nasdaq, that have shown dividend consistency and dividend sustainability. Real Estate Investment Trusts (REITs) are not included. Through the application of Morningstar's proprietary multi-step screening process, a universe is identified. The top 100 stocks, based on dividend yield, are selected for the index. The individual holdings are weighted based on each security's shares outstanding, free float factor, and annual indicated dividend per share. The weighting of each holding is capped to enhance portfolio diversification.
$35.02 +0.56 (1.63%)
As of 03/21/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad Market
Category3: Multi-cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 03/09/2006
Index tracking method: Passive replication
Current yield: 3.73%
Historical average yield: 3.81%
Market cap: $5,111,890,071
Average volume: 1,087,450
Fees: 0.4500%
Index Information
Morningstar Dividend Leaders Index
Index symbol: MDL
Provider: Morningstar
Total return index symbol: MDLTR
Index weighting: Dividend weighted
Index inception date: 05/03/2006
Backtesting data exists: No
Index methdology guide: Read PDF
Number of holdings: 100
Strategy: Dividend investing
Factors used to select securities: