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First Trust Morningstar Dividend Leaders ETF (CAD-Hedged)
FDL (First Trust Morningstar Dividend Leaders ETF (CAD-Hedged)) is an active Canadian Dividend Equity ETF by First. With a 0.66% MER, it provides diversified exposure. Quarterly distribution with a 3.03% yield.
FDL is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.66% MER, its fees are in line with category averages. It pays a quarterly distribution with a 3.03% 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.