Symbols

FDD

First Trust Stoxx European Select Dividend Index Fund·NYSE

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Key Stats

Assets Under Management

700.63MUSD

Fund Flows (1Y)

376.00MUSD

Dividend Yield

4.01%

Discount/Premium to NAV

0.63%

Shares Outstanding

40.30M

Expense Ratio

0.59%

About First Trust Stoxx European Select Dividend Index Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/ETF/ETFsummary.aspx?Ticker=FDD

Inception Date

Aug 27, 2007

Structure

Open-Ended Fund

Index Tracked

STOXX Europe Select Dividend 30 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 Advisors LP

Distributor

First Trust Portfolios LP

FDD offers a concentrated take on the European high-dividend space. The underlying index picks 30 stocks from the STOXX Europe 600—a broad total market Europe equity index. Selected names should have at least five years of steady dividend growth and a dividend payout ratio of 60% or less. The resulting 30 names in the basket are then weighted by dividends paid in the last twelve months, with security weights capped at 15%. This methodology can result in some surprising under- and overweights, and skews away from a market-like portfolio. However, FDD offers a unique approach targeted toward dividend-hungry investors. The index is reconstituted and rebalanced annually.