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First Trust STOXX European Select Dividend Index Fund
FDD (First Trust STOXX European Select Dividend Index Fund) is an active US Dividend Equity ETF by First. With a 0.56% MER, it provides diversified exposure. Quarterly distribution with a 3.87% yield.
FDD is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.56% MER, its fees are in line with category averages. It pays a quarterly distribution with a 3.87% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.