First Trust Morningstar Dividend Leaders Index Fund (FDL) is a US dividend ETF. As of October 28, 2026, ETF Copilot scores FDL 6.2 out of 10 — highest on Risk (9.1), lowest on Value (4.6). It trades at 16.6 times earnings, against its own median of 15.1. Its ten largest holdings are 51% of the fund.
What stands out in FDL's data
U.S. dividend-paying stocks chosen for consistent payouts.
Pays out more income than nearly every peer in its group — a bigger cash stream to reinvest or spend.
A dividend yield of 3.7% sits well above the category median of 2.2%. Its 0.43% expense ratio runs slightly above the 0.4% norm.
A dividend sleeve that pairs with a broad core to add income without chasing yield.
Why did FDL move this week? It rose 0.8% in the week to October 28, 2026 — United Parcel Service and Philip Morris International drove it
FDL rose 0.8% in the week to October 28, 2026. The holdings that moved it most were United Parcel Service (+6.1%), Philip Morris International (+2.6%) and BlackStone (+6.8%); Pfizer (−1.3%) pushed the other way.
How is FDL rated? ETF Copilot scores First Trust Morningstar Dividend Leaders Index Fund (FDL) 6.2 out of 10
As of October 28, 2026, ETF Copilot scores First Trust Morningstar Dividend Leaders Index Fund (FDL) 6.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.2 / 10
- Growth: 4.8 / 10
- Value: 4.6 / 10
- Risk: 9.1 / 10
- Quality: 5.4 / 10
- Return: 7.3 / 10
FDL is ranked #8 of 10 in ETF Copilot's Dividend list.
Is FDL expensive right now? It trades at 16.6 times earnings, against its own median of 15.1
As of October 28, 2026, FDL is more expensive than 69% of its own last 9 years.
Trailing 12 months, built from FDL's holdings. How we calculate this →
What's inside FDL?
What's inside FDL: Size (Large 82%, Mid 18%, Small 1%); Geography (International 6%, US 94%); Tech 4.8%; Semiconductors 0.3%.
What are FDL's top holdings? The ten largest are 51% of the fund
Chevron, Verizon Communications, Pfizer, Philip Morris International, PepsiCo, Altria, United Parcel Service, Accenture, Bristol-Myers Squibb and Comcast are FDL's largest holdings, in that order.
More concentrated than 92% of Dividend US ETFs.
Half of FDL's weight sits in its 10 largest positions, and once those weights are taken into account it behaves like 28 equally weighted holdings.
What is FDL's expense ratio? 0.43% a year
As of October 28, 2026, FDL charges 0.43% a year, yields 3.69% and holds $8.2B in assets across 97 positions.
| Measure | FDL |
|---|---|
| Expense ratio | 0.43% |
| Dividend yield | 3.69% |
| Assets under management | $8.2B |
| Holdings | 97 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Morningstar Dividend Leaders Index Fund (FDL) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fdl
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