FDL: Gets The Job Done, But Underwhelming Against Peer Dividend ETFs (Downgrade)

Core Viewpoint - The First Trust Morningstar Dividend Leaders Index Fund ETF (FDL) simplifies the process of building a dividend portfolio, making it accessible for investors seeking long-term growth and income generation [1]. Group 1: Investment Strategy - The company emphasizes the importance of a solid base of classic dividend growth stocks, complemented by Business Development Companies, REITs, and Closed End Funds to enhance investment income [1]. - A hybrid investment strategy that balances growth and income can achieve total returns comparable to traditional index funds like the S&P [1].