First Trust Morningstar Dividend Leaders Index Fund (NYSE:FDL) focuses on investing in a diversified portfolio of stocks selected based on dividend yield, with the aim to replicate, before fees and expenses, the performance of the Morningstar Dividend Leaders Index. The fund seeks to offer investors a steady stream of income while also providing the possibility for capital appreciation. It primarily targets companies in the United States that have a strong history of paying dividends, which can include those from various sectors such as financials, healthcare, utilities, and consumer goods. First Trust Morningstar Dividend Leaders Index Fund's goal is to provide a high level of dividend income and long-term growth potential by investing in high-yield dividend-paying stocks, making it suitable for income-focused investors looking for exposure to U.S. equity markets.