# First Trust Morningstar Dividend Leaders Index Fund (FDL) — Overview

FDL · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/fdl

## Price

Last close $51.20 on Oct 15, 2026. 52-week range $42.28 – $53.46.

## Fund profile

FDL tracks a dividend-weighted index of US companies with consistent and sustained dividend payments. The fund holds roughly 100 securities and excludes REITs.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Mar 9, 2006 |
| Assets under management | $7.9B |
| Expense ratio | 0.43% |
| Net asset value | $50.86 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Morningstar Dividend Leaders Index Fund (FDL)?

FDL tracks a dividend-weighted index of US companies with consistent and sustained dividend payments. The fund holds roughly 100 securities and excludes REITs.

### What is FDL's expense ratio?

First Trust Morningstar Dividend Leaders Index Fund charges an annual expense ratio of 0.43%. The fund is issued by First Trust Advisors L.P..

### How large is FDL?

First Trust Morningstar Dividend Leaders Index Fund manages $7.9B in assets and has traded since Mar 9, 2006.

### How do I buy shares of First Trust Morningstar Dividend Leaders Index Fund (FDL)?

FDL trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).