Summary
First Trust Morningstar Dividend Leaders Index Fund is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 101. The ten largest make up 51% of the fund.
- Yearly costs
- 0.43%
- Fund size
- $8.04B
- Positions
- 101
- Dividend yield
- 3.77%
- Running since
- 2006
What speaks for it
- A large fund with $8.04B under management.
- Easy to buy and sell: about $39.9M changes hands a day.
- Average yearly growth over the last ten years: 6.8%.
- It has been running since 2006.
What to watch
- The ten largest positions make up 51% of the fund, so its result rests on a few names.
- 93% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +1.2%
- 3 months
- +1.3%
- This year
- +17%
- 1 year
- +21%
- 3 years
- +57%
- 5 years
- +54%
- 10 years
- +94%
- Avg. market cap
- $150.6B
- P/E
- 16.7x
- Forward P/E
- 12.8x
- P/S
- 1.7x
- P/B
- 2.1x
- P/FCF
- 12.8x
- EV/EBITDA
- 10.8x
- Dividend yield
- 4.42%
- ROIC
- 12.6%
- ROE
- 19.2%
- Gross margin
- 50.5%
- Operating margin
- 22.5%
- Net margin
- 13.8%
- Payout ratio
- 73.7%
- Net debt/EBITDA
- 2.9x
- Beta
- 0.39
Weighted average of the 50 largest companies, which make up 91% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 CVChevron CVX 9.3%
- 2 VZVerizon VZ 6.8%
- 3 PMPhilip Morris PM 6.7%
- 4 PFPfizer PFE 6.6%
- 5 MOAltria MO 5.0%
- 6 PEPepsiCo PEP 5.0%
- 7 ACAccenture ACN 3.2%
- 8 UPUPS UPS 3.0%
- 9 BMBristol-Myers Squibb BMY 3.0%
- 10 CMComcast CMCSA 2.5%
Positions in the fund: 101. The ten largest make up 51% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Consumer defensive 24%
- Utilities 15%
- Energy 13%
- Financials 12%
- Healthcare 12%
- Other 24%
By country
- United States 93%
- Ireland 6.2%
- Switzerland 0.8%
- Other countries 0.03%
By company size
- Mega cap 16%
- Large cap 79%
- Mid cap 5.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Consumer defensive (24%). Largest country: United States (93%). Largest size group: Large cap (79%).
What does it cost me?
Usual costs- A year from $10,000
- $43.00
- Over 20 years
- $2,091
From every $10,000 invested the fund takes $43.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,091.
How has it done?
Growing over the long run- A year on average, 10 years
- +6.8%
- Deepest drop
- -19%
- Yearly volatility
- 12%
Average yearly growth over the last ten years: 6.8%. Deepest drop in these years: 19% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.77%
- Payments a year
- 4
- Last payment
- $0.51
Over the last 12 months it paid $1.94 per share, which is 3.77% of today's price. The last payment was $0.51 on Sep 24, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $39.9M
- Shares a day
- 777K
On an average day about $39.9M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 16.7
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 39%
- Fairly valued 17%
- Overvalued 44%
On average the companies inside trade for 16.7 times their yearly profit. By Fair Price, 44% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 91% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FD FDL.TO First Trust Morningstar Dividend Leaders ETF (CAD-Hedged) | Canada | 0.15% | $8.68M | +14% | Pays out | 85% |
SP SPYD SPDR Portfolio S&P 500 High Dividend ETF | United States | 0.07% | $7.34B | +8.9% | Pays out | 43% |
DU DURA VanEck Durable High Dividend ETF | United States | 0.30% | $38.6M | +18% | Pays out | 43% |
DH DHS WisdomTree U.S. High Dividend Fund | United States | 0.38% | $1.60B | +16% | Pays out | 42% |
SP SPHD Invesco S&P 500 High Dividend Low Volatility ETF | United States | 0.30% | $3.29B | +4.2% | Pays out | 42% |
XH XHU.TO iShares U.S. High Dividend Equity Index ETF | Canada | 0.33% | $143.8M | +16% | Pays out | 41% |
