FDL – First Trust Morningstar Dividend Leaders Index Fund

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The First Trust Morningstar Dividend Leaders Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Morningstar® Dividend Leaders IndexSM.

The index consists of stocks listed on one of the three major exchanges, NYSE, NYSE Amex or Nasdaq, that have shown dividend consistency and dividend sustainability. Real Estate Investment Trusts (REITs) are not included.

Through the application of Morningstar’s proprietary multi-step screening process, a universe is identified. The top 100 stocks, based on dividend yield, are selected for the index.

The individual holdings are weighted based on each security’s shares outstanding, free float factor, and annual indicated dividend per share. The weighting of each holding is capped to enhance portfolio diversification.

The index is reconstituted once annually each June and rebalanced four times annually in March, June, September and December.

Net Assets (in $ millions)

1777

Net Expense Ratio (%)

0.45

Yield (%)

3.37

Fact Sheet

Fact Sheet

Prospectus

Prospectus

Holdings

Holdings

Overview

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