First Trust Morningstar ... (AMEX:FDL)
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First Trust Morningstar(R) Dividend Leaders(SM) Index
Fund (the "Fund") (AMEX:FDL) today declared its regularly scheduled
quarterly distribution of $.20 per share.
Based on the Fund's market price of $22.35 on September 18, 2006,
the Fund's regular distribution equates to an annualized distribution
rate of 3.58%.
The distribution will be payable on September 29, 2006 to
shareholders of record on September 27, 2006, with an expected
ex-dividend date of September 25, 2006. The final determination of the
source and tax status of all distributions paid in 2006 will be made
after the end of 2006.
The Fund is a series of the First Trust Exchange-Traded Fund, an
investment company and an exchange-traded "index fund" designed to
seek investment results that correspond generally to the price and
yield (before the Fund's fees and expenses) of an equity index called
the Morningstar(R) Dividend Leaders(SM) Index.
First Trust Advisors L.P. acts as the fund's investment adviser
and currently manages or supervises approximately $26 billion in
assets.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will fluctuate.
Shares, when sold, may be worth more or less than their original cost.
Principal Risk Factors: An investment in the Fund involves risks
similar to those of investing in any Fund of equity securities traded
on an exchange. The Fund is concentrated in stocks of companies in the
financial services industry. You should be aware that an investment in
a portfolio which is concentrated in a particular industry involves
additional risks, including limited diversification. Investors buying
or selling Fund shares on the secondary market may incur brokerage
commissions. In addition, investors who sell Fund shares may receive
less than the share's net asset value. Please see the Fund's
prospectus for additional information on the risks of investing in the
Fund.
The Fund's daily American Stock Exchange closing price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.