First Trust Morningstar Dividend Leaders
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
First Trust Morningstar Dividend Leaders Index Fund seeks investment results that correspond to the price and yield of an equity index called the Morningstar Dividend Leaders Index. |
Category | US Equities |
Fund Sponsor | First Trust Advisors LP |
Website | www.ftportfolios.com |
Inception date | Mar 15, 2006 |
Assets (mns) | $1,813 |
Currency | USD |
Expense ratio | 45 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Dividend |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 100 |
Wgt avg mkt cap (mns) | $142,156 |
Large cap (>$10bn) | 93.0% |
Mid cap ($2-10bn) | 6.4% |
Small cap (<$2bn) | 0.6% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
AT&T INC | 9.5 % |
EXXON MOBIL CORP | 9.3 % |
VERIZON COMMUNICATIONS INC | 7.1 % |
WELLS FARGO & CO | 6.4 % |
CHEVRON CORP | 6.2 % |
ABBVIE INC | 5.5 % |
PHILIP MORRIS INTERNATIONAL | 5.5 % |
ALTRIA GROUP INC | 4.7 % |
INTL BUSINESS MACHINES CORP | 3.7 % |
BROADCOM INC. | 3.1 % | Total | 61.1 % |
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UNITED STATES | 97.2 % |
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IRELAND | 1.4 % |
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BRITAIN | 0.9 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
21.6% | 11.6% | 9.6% | 12.7% | 7.4% |
versus... | Beta | R-squared |
S&P500 | 0.78 | 72% |
MSCI EAFE | 0.73 | 53% |
MSCI Emg. Mkts. | 0.47 | 34% |
Recent close | $32.38 |
30d moving avg. | $32.09 |
Annualized volatility | 11.1% |
Short interest (ETF) | 0.1% |
Short interest (Underlying) | 2.5% |
Relative strength (RSI) | 56 |
Avg. volume (thou.) | 131 |
Turnover | 0.2% |
Bid/Ask (% of price) | 0.04% |
ADV underlying (mns) | $17,702 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the First Trust Morningstar Dividend Leaders ETF based on the alternatives' overlap in portfolio holdings with FDL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FDL | Expense: | 45 bp | ALTAR Score™: | 8.5% |
Ticker | Fund Name |
Overlap1 vs FDL (%) |
Expense ratio (bp) |
Savings vs FDL (bp) |
ALTAR Score™ (%) |
ALTAR vs FDL (%) |
DHS | WisdomTree Equity Income | 46.2 | 38 | 7 | 7.2 | -1.3 |
HDV | iShares High Dividend | 45.4 | 8 | 37 | 6.6 | -1.9 |
WBIY | WBI Power Factor High Dividend | 39.6 | 70 | -25 | 9.6 | +1.2 |
SPHD | Invesco S&P 500 High Dividend | 38.8 | 30 | 15 | 7.7 | -0.8 |
SPYD | SPDR Portfolio S&P 500 High Dividend | 36.1 | 7 | 38 | 9.1 | +0.7 |
RDIV | Invesco S&P Ultra Dividend Revenue ETF | 34.5 | 39 | 6 | 10.3 | +1.8 |
SDOG | ALPS Sector Dividend Dogs | 34.2 | 40 | 5 | 9.2 | +0.7 |
JKF | iShares Morningstar Large Value | 33.9 | 25 | 20 | 7.7 | -0.8 |
SPDV | AAM S&P 500 High Dividend Value | 33.1 | 29 | 16 | 10.7 | +2.3 |
OYLD | Invesco Russell 1000 Yield Factor ETF | 32.2 | 19 | 26 | 7.0 | -1.5 |
DTN | WisdomTree Dividend Ex-Financials | 31.4 | 38 | 7 | 7.8 | -0.7 |
PEY | Invesco High Yield Equity Dividend Acheivers | 31.0 | 53 | -8 | 6.6 | -1.8 |
ACIO | Aptus Collared Income Opportunity | 30.8 | 79 | -34 | 6.8 | -1.7 |
DURA | VanEck Vectors Morningstar Durable Dividend | 30.6 | 29 | 16 | 6.7 | -1.8 |
DEW | WisdomTree Global Equity Income | 30.1 | 58 | -13 | 8.3 | -0.2 |
PWV | Invesco Dynamic Large Cap Value | 30.0 | 55 | -10 | 7.8 | -0.6 |
VYM | Vanguard High Dividend Yield ETF | 29.7 | 6 | 39 | 7.2 | -1.3 |
DVY | iShares Select Dividend | 29.4 | 39 | 6 | 7.9 | -0.5 |
SCHD | Schwab US Dividend Equity | 28.4 | 6 | 39 | 7.3 | -1.2 |
USDY | Pacific Global US Equity Income | 28.3 | 29 | 16 | 7.4 | -1.1 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2018 | 2019E | 2020E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
First Trust Morningstar Dividend Leaders | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
SPECULATIVE |
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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