FDL: The Portfolio Rebalance Is Hurting Performance; Consider Alternatives

Core Insights - The First Trust Morningstar Dividend Leaders Index Fund ETF (NYSEARCA: FDL) has begun to significantly underperform compared to the S&P 500 index following its recent portfolio rebalance [1] - The ETF's higher concentration in the energy and health care sectors is a contributing factor to its underperformance [1] Group 1 - The ETF's performance decline is notable in the context of its investment strategy focused on dividend yields [1] - The shift in portfolio allocation may have impacted its ability to compete with broader market indices [1]