First Trust Morningstar Dividend Leaders Index Fund
U.S. stock index ETF · tracks Morningstar Dividend Leaders Index
As of its 2026 Q2 report, First Trust Morningstar Dividend Leaders Index Fund held 101 positions with $7.29B in net assets. Its ten largest holdings made up 48.1% of the fund. The FDL share class costs 0.43% a year. Over the 12 months to May 2026, FDL returned 24.4%, with dividends reinvested. In 2026 Q2 it added 34 new positions and exited 21.
The First Trust Morningstar Dividend Leaders Index Fund (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Morningstar Dividend Leaders Index SM (the Index ).
The fund tracks the Morningstar Dividend Leaders Index, which selects the 100 highest-yielding stocks from a broad U.S. equity universe that meet screens for consistent dividend payments, positive dividend growth over five years, and dividend coverage ratios above 1, then weights them by indicated dividend yield subject to a 10% single-issuer cap and a 50% cap on holdings above 5%. Because the Index is concentrated in particular sectors—notably energy as of the filing date—the fund's returns will reflect that concentration and may shift materially as the Index composition changes.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
CVXCHEVRON CORP | 7.43% | $541.38M | 3.3M | $165.76 |
7.17% | $522.62M | 12.3M | $42.34 | |
6.06% | $441.64M | 2.4M | $180.91 | |
PFEPFIZER INC | 5.91% | $430.64M | 17.9M | $24.08 |
PEPPEPSICO INC | 4.84% | $352.43M | 2.6M | $135.40 |
4.64% | $337.91M | 4.7M | $71.95 | |
3.43% | $249.92M | 4.3M | $57.62 | |
3.15% | $229.79M | 2.1M | $107.50 | |
CMCSACOMCAST CORP | 3.13% | $228.41M | 9.3M | $24.55 |
2.32% | $168.91M | 1.8M | $95.71 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 101 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.73% |
| Cash & short-term | 0.04% |
By sector
- Consumer Staples
- 24.3%
- Utilities
- 15.4%
- Financials
- 14.2%
- Communication Services
- 11.2%
- 8 other sectors
- 34.9%
- Consumer Staples
- 24.3%
- Utilities
- 15.4%
- Financials
- 14.2%
- Communication Services
- 11.2%
- Energy
- 11.1%
- Health Care
- 9.4%
- International
- 4.8%
- Industrials
- 4.5%
- Consumer Discretionary
- 3.5%
- Information Technology
- 0.9%
- Materials
- 0.5%
- Cash
- 0.0%
How it has done
FDL share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.54%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
First Trust Morningstar Dividend Leaders Index Fund is a U.S. equity index ETF that tracks the Morningstar Dividend Leaders Index. 2% of FDL’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Features
- Non-diversified
- Expense ratio, by class
- 0.43%· FDL 0.43%
- Portfolio turnover
- 58.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
34 new· the largest 8
21 exited· the largest 8
Understand how this fund fits with the rest.
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