First Trust Morningstar ETFFirst Trust Morningstar ETFFirst Trust Morningstar ETF

First Trust Morningstar ETF

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Key stats

Assets under management (AUM)
‪3.97 B‬USD
Fund flows (1Y)
‪−906.81 M‬USD
Dividend yield (indicated)
4.27%
Discount/Premium to NAV
1.8%

About First Trust Morningstar ETF

Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.45%
Inception date
Mar 9, 2006
Index tracked
Morningstar Dividend Leaders Index
Management style
Passive
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.

Classification

Asset Class
Equity
Category
High dividend yield
Focus
High dividend yield
Niche
Broad-based
Strategy
Fundamental
Weighting scheme
Dividends
Selection criteria
Fundamental
What's in the fund
Exposure type
StocksBonds, Cash & Other
Health Technology
Finance
Consumer Non-Durables
Utilities
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy