FDL vs MOAT: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
MOATVanEck Morningstar Wide Moat ETF
VanEck · 57 holdings · $12.2B · as of 2026-03-31
How similar are FDL and MOAT?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; VanEck Morningstar Wide Moat ETF (MOAT, by VanEck) holds 57. They have 5 holdings in common, and by portfolio weight the two funds are 7.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5FDL holds 86 · MOAT holds 57
- Weight in Shared Holdings
- FDL 13%·MOAT 10%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FDL
81 of 86 positions (86.3% of the fund) are not held by MOAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | MOAT |
|---|---|---|
| Energy | 28.9% | 0.0% |
| Information Technology | 1.0% | 25.5% |
| Industrials | 3.4% | 19.3% |
| Consumer Staples | 14.1% | 18.3% |
| Health Care | 17.2% | 18.1% |
| Other Sectors | 35.2% | 18.7% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
| MOAT | +5.9% | +8.4% | +18.6% | +12.6% | +9.4% | +13.9% | 1.25% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FDL vs MOAT →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by BMY, UPS and PEP.
Frequently Asked Questions
How much do FDL and MOAT overlap?
FDL and MOAT overlap by 7.4% of portfolio weight. They share 5 holdings (FDL holds 86 positions and MOAT holds 57), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and MOAT?
The two portfolios are 7.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FDL and MOAT?
The largest positions held by both funds are BMY, UPS, PEP, USB and CLX. Together the top 5 shared positions account for 100% of the total overlap.
What does FDL own that MOAT doesn't?
81 positions (86.3% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 52 positions (90.2% of MOAT) are unique to MOAT.