---
ticker: "FDL"
name: "First Trust Morningstar Dividend Leaders Index Fund"
url: "https://etf.net/etf/FDL"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "US Dividend Index"
category_rank: "34 of 53"
methodology: "https://etf.net/methodology"
---

# FDL: First Trust Morningstar Dividend Leaders Index Fund

Grade **C**, Score 52 of 100. Rank 34 of 53 in US Dividend Index.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 29 | 38 of 53 |
| Mission | 64 | 44 of 50 |
| Risk | 69 | 11 of 53 |
| Tradability | 75 | 10 of 53 |
| Holdings | 24 | 50 of 53 |
| Durability | 79 | 8 of 53 |

## Top holdings

The fund holds 101 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | CVX | Chevron Corporation | 9.08% |
| 2 | PM | Philip Morris International Inc. | 6.77% |
| 3 | VZ | Verizon Communications Inc. | 6.56% |
| 4 | PFE | Pfizer Inc. | 6.55% |
| 5 | PEP | PepsiCo, Inc. | 4.97% |
| 6 | MO | Altria Group, Inc. | 4.95% |
| 7 | BMY | Bristol-Myers Squibb Company | 3.06% |
| 8 | UPS | United Parcel Service, Inc. (Class B) | 3.04% |
| 9 | ACN | Accenture plc | 3.00% |
| 10 | CMCSA | Comcast Corporation (Class A) | 2.45% |
| 11 | MDT | Medtronic Plc | 2.33% |
| 12 | SO | The Southern Company | 2.30% |
| 13 | DUK | Duke Energy Corporation | 2.20% |
| 14 | BX | Blackstone Inc. | 2.18% |
| 15 | USB | U.S. Bancorp | 1.96% |
| 16 | OKE | ONEOK, Inc. | 1.70% |
| 17 | MDLZ | Mondelez International, Inc. | 1.69% |
| 18 | KMI | Kinder Morgan, Inc. | 1.63% |
| 19 | TFC | Truist Financial Corporation | 1.52% |
| 20 | D | Dominion Energy, Inc. | 1.41% |
| 21 | TGT | Target Corporation | 1.32% |
| 22 | PRU | Prudential Financial, Inc. | 1.20% |
| 23 | NKE | NIKE, Inc. (Class B) | 1.17% |
| 24 | EXC | Exelon Corporation | 1.11% |
| 25 | KMB | Kimberly-Clark Corporation | 1.06% |
| 26 | PEG | Public Service Enterprise Group Incorporated | 0.88% |
| 27 | PAYX | Paychex, Inc. | 0.87% |
| 28 | ED | Consolidated Edison, Inc. | 0.87% |
| 29 | EIX | Edison International | 0.85% |
| 30 | KHC | The Kraft Heinz Company | 0.84% |

Source: etf.net, https://etf.net/etf/FDL. Please cite the page URL.