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First Trust Morningstar Dividend Leaders Index Fund
FDL (First Trust Morningstar Dividend Leaders Index Fund) is an index US Dividend Equity ETF by First. With a 0.43% MER, it provides diversified exposure through 83 holdings. Quarterly distribution with a 3.61% yield.
FDL by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.43% MER, its fees are in line with category averages. It pays a quarterly distribution with a 3.61% 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.