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FDL ETF · First Trust Morningstar Dividend Leaders Index Fund ETF
The FDL Exchange Traded Fund (ETF) is provided by First Trust. It is built to track an index: Morningstar Dividend Leaders Index. The FDL ETF provides physical exposure, so by buying it you actually own parts of all the 85 underlying holdings. This share class generates a stream of income by distributing dividends.
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This fund is part ofUS High Dividend1M perf.-2.90%
Last price
$49.94
+0.12%
1M perf.
-2.36%
1M flows
+€140M
AuM
€6.14B
E/R
0.43%
Rating
ESG Consensus®
FDL
$49.94
+0.12%
Performance & flows
Segment for quartile rank
December 11, 2025 → March 11, 2026
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FDL
$49.88
+12.52%
US High Dividend
+3.61%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.36%  | +12.51% | +21.31% | +65.25% | +90.52% | -2.60% | +12.52% | +12.52% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/11/2026
$49.88
1D NAV change
+0.29%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
85
Inception date
3/9/2006
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The First Trust Morningstar Dividend Leaders Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Morningstar® Dividend Leaders IndexSM. 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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
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FDL
1M perf.
-2.41%
E/R
0.61%
XHD
1M perf.
-2.94%
E/R
0.33%
HDV
1M perf.
-2.77%
E/R
0.08%
2013
1M perf.
+0.38%
E/R
0.12%
QVMT
1M perf.
-1.65%
E/R
0.13%
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +12.51% | +21.31% | +65.25% | +90.52% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Countries
USA
98.09%
Unavailable
0.99%
Other
0.92%
Sectors
Energy
28.43%
Health Care
16.61%
Financials
13.39%
Consumer Staples
13.30%
Communication Services
11.47%
Utilities
6.40%
Consumer Discretionary
3.77%
Industrials
3.66%
Unavailable
1.85%
Other
1.12%
Diversification
Total weight of top 15 holdings out of 85
Top 15 holdings
Data as of January 31, 2026
EXXON
CHEVRON TEXACO
VERIZON COMMUNICATIONS
PFIZER
MERCK & CO INC
PEPSICO U
ALTRIA GROUP
UNITED PARCEL SERVICE-CL
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BRISTOL-MYERS SQUIBB
COMCAST
CONOCOPHILLIPS
US
CVS HEALTH CORP
PNC FINL SVC
TRUIST FINANCIAL CORP
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about FDL ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
FDL’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
51.19% of holdings have positive scoring
49.80% of holdings have negative scoring
6.53%
24.86%
19.80%
7.72%
31.24%
10.85%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Morningstar Dividend Leaders Total Return Index - USD
Index ticker
MDLTR Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
First Trust
First Trust ID Card
Number of funds
401
Total AuM
€212.75B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.7991%
Top 5 funds by First Trust
| AuM | ||
|---|---|---|
RDVY | First Trust NASDAQ Rising Dividend Achievers ETF | €17.47B |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | €8.8B |
CIBR | First Trust NASDAQ Cybersecurity ETF | €8.55B |
BUFR | FT Vest Fund of Buffer ETF | €7.47B |
AIRR | First Trust RBA American Industrial Renaissance ETF | €7.24B |
Frequently asked questions about FDL
What does First Trust Morningstar Dividend Leaders Index Fund ETF, FDL, invest in?
FDL is a Passive ETF. This ETF provides exposure to Other US Equities, excluding REIT.
Which benchmark or index does FDL replicate?
FDL tracks the Morningstar Dividend Leaders Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of FDL?
FDL carries a total expense ratio (TER) of 0.43%, indicating the annual cost for holding the fund.
When was FDL launched?
FDL was introduced to the market on March 9, 2006. It trades on United States
Who is the ETF issuer of FDL?
First Trust Morningstar Dividend Leaders Index Fund ETF, FDL, is provided by First Trust. Learn more about First Trust here.
What is the current assets under management (AUM) of FDL?
FDL oversees €6.14B in assets as of March 11, 2026.
How has FDL performed lately?
Based on data from March 11, 2026, FDL returned -2.36% over the past month, 12.51% over the last three months and 12.52% year-to-date.
What are the latest inflows or outflows for FDL?
As of March 11, 2026, FDL recorded net flows of +€140M over the last month and +€175M year-to-date.
Does FDL distribute dividends?
FDL follows a distributing dividend policy, meaning it pays out income to investors. As of March 11, 2026, its 12-month trailing yield was 3.59%.
What are the main country or region exposures of FDL?
As of January 31, 2026, FDL has significant geographic allocations in USA.
In which sector or theme does FDL invest in?
As of January 31, 2026, FDL focuses largely on Energy, Health Care and Financials.
How many securities does FDL hold and how diversified is it?
As of January 31, 2026, FDL holds 85 positions in its portfolio, with 68.94% of assets concentrated in its top 15 holdings.
What are the main positions in FDL?
As of January 31, 2026, FDL top three holdings include EXXON, CHEVRON TEXACO and VERIZON COMMUNICATIONS.
What is the base currency of FDL?
The base currency of FDL is USD.
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