Key stats
About First Trust Morningstar Dividend Leaders ETF (CAD-Hedged)
Home page
Inception date
Feb 12, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
FT Portfolios Canada Co.
ISIN
CA33740X1033
The fund 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.96%
Cash0.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FDL last dividends amounted to 0.28 CAD. The quarter before, the issuer paid 0.33 CAD in dividends, which shows a 18.18% decrease.
FDL assets under management is 10.10 M CAD. It's risen 3.67% over the last month.
FDL fund flows account for −337.71 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FDL pays dividends to its holders with the dividend yield of 3.46%. The last dividend (Jul 8, 2025) amounted to 0.28 CAD. The dividends are paid quarterly.
FDL shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Feb 12, 2021, and its management style is Passive.
FDL expense ratio is 0.62% meaning you'd have to pay 0.62% of your investment to help manage the fund.
FDL follows the Morningstar Dividend Leaders - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FDL invests in funds.
FDL price has risen by 3.81% over the last month, and its yearly performance shows a 4.32% increase. See more dynamics on FDL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.11% over the last month, showed a 6.50% increase in three-month performance and has increased by 7.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.11% over the last month, showed a 6.50% increase in three-month performance and has increased by 7.84% in a year.
FDL trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.