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High Dividend ETFs Are Beating the S&P 500 by 9 Points in 2026 and These 3 Pay Up to 4 Percent While Doing It247 Wallst · Aug 16, 2026This offering, known as the First Trust Morningstar Dividend Leaders Index Fund, operates as an exchange-traded fund (ETF). Its fundamental purpose is to closely mirror the performance of the Morningstar Dividend Leaders IndexSM, aiming to match both its price movements and dividend generation as accurately as possible before factoring in the fund's own fees and expenses.