Symbols

FDL

First Trust Morningstar Dividend Leaders Index Fund·NYSE

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Key Stats

Assets Under Management

6.90BUSD

Fund Flows (1Y)

1.10BUSD

Dividend Yield

3.56%

Discount/Premium to NAV

Shares Outstanding

139.10M

Expense Ratio

0.43%

About First Trust Morningstar Dividend Leaders Index Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/etf/etfsummary.aspx?Ticker=FDL

Inception Date

Mar 9, 2006

Structure

Open-Ended Fund

Index Tracked

Morningstar Dividend Leaders Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Portfolios LP

Distributor

First Trust Portfolios LP

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.