FDL 📈 First Trust Morningstar Dividend

The First Trust Morningstar Dividend Leaders Index Fund (NYSE ARCA: FDL) is an investment fund that typically puts at least 90% of its net assets into the securities that make up the Morningstar Dividend Leaders Index. This index tracks the performance of the top 100 stocks with a history of consistently paying dividends and having the financial strength to maintain those payments.

The index is designed to identify companies that have a strong track record of sharing their profits with shareholders through regular dividend payments. By investing in these companies, the fund aims to provide investors with a steady stream of income and potentially lower volatility.

As a non-diversified fund, FDL may invest a larger portion of its assets in a smaller number of securities, which can increase its exposure to individual stocks. This approach can be beneficial if the selected companies perform well, but it also increases the risk if any of those companies experience difficulties.

The fund is managed by First Trust, a US-based investment management company. You can find more information about the fund and its investment strategy on the company's website at http://www.ftportfolios.com/.