Is FDL a good investment?
First Trust Morningstar Dividend Leaders Index Fund (FDL) is a US dividend ETF. As of September 11, 2026, ETF Copilot scores FDL 5.2 out of 10 — highest on Return (6.4), lowest on Quality (3.5). It trades at 16.5 times earnings, against its own median of 15.2. Its ten largest holdings are 51% of the fund.
Updated September 11, 2026
How is FDL rated? ETF Copilot scores First Trust Morningstar Dividend Leaders Index Fund (FDL) 5.2 out of 10
As of September 11, 2026, ETF Copilot scores First Trust Morningstar Dividend Leaders Index Fund (FDL) 5.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.2 / 10
- Growth: 4.7 / 10
- Valuation: 6.0 / 10
- Risk: 5.4 / 10
- Quality: 3.5 / 10
- Return: 6.4 / 10
What is FDL's expense ratio? 0.43% a year
As of September 11, 2026, FDL charges 0.43% a year, yields 4.52% and holds $8.0B in assets across 98 positions.
| Measure | FDL |
|---|---|
| Expense ratio | 0.43% |
| Dividend yield | 4.52% |
| Assets under management | $8.0B |
| Holdings | 98 |
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.
What stands out in FDL's data
Owns 100 top U.S. dividend payers, chosen for income and consistency.
Returns have run ahead of the typical dividend fund — more growth on top of the payout.
A 19% three-year annualized return tops the 16% category median. But half its assets sit in its ten biggest holdings, and return on equity of 13.1% trails the typical peer.
A concentrated income bet — higher potential return, less diversification.
Why did FDL move this week? It fell 2.2% in the week to September 11, 2026 — Pfizer and Bristol-Myers Squibb drove it
FDL fell 2.2% in the week to September 11, 2026. The holdings that moved it most were Pfizer (−3.8%), Bristol-Myers Squibb (−6.5%) and Comcast (−5.4%); Philip Morris International (+2.6%) pushed the other way.
Is FDL expensive right now? It trades at 16.5 times earnings, against its own median of 15.2
As of September 11, 2026, FDL is more expensive than 74% of its own 114 monthly readings since 2017 — 84 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FDL?
What's inside FDL: Size (Large 77%, Mid 18%, Small 5%); Geography (International 10%, US 90%); Tech 4.2%; 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, Bristol-Myers Squibb, Comcast, United Parcel Service and Medtronic are FDL's largest holdings, in that order.
More concentrated than 90% 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.
Cite this
ETF Copilot, “First Trust Morningstar Dividend Leaders Index Fund (FDL) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fdl
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