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First Trust Value Line Dividend Index Fund
ETF
FVD
Payout Change
Pending
Price as of:
$45.36
-0.15
-0.33%
primary theme
U.S. Large-Cap Value Equity
FVD (ETF)
First Trust Value Line Dividend Index Fund
Payout Change
Pending
Price as of:
$45.36
-0.15
-0.33%
primary theme
U.S. Large-Cap Value Equity
FVD (ETF)
First Trust Value Line Dividend Index Fund
Payout Change
Pending
Price as of:
$45.36
-0.15
-0.33%
primary theme
U.S. Large-Cap Value Equity
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.7%
1 yr return
20.5%
3 Yr Avg Return
5.3%
5 Yr Avg Return
7.5%
Net Assets
$10.2 B
Holdings in Top 10
5.1%
52 WEEK LOW AND HIGH
$45.5
$38.62
$46.24
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FVD - Profile
Distributions
- YTD Total Return 13.7%
- 3 Yr Annualized Total Return 5.3%
- 5 Yr Annualized Total Return 7.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.91%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Value Line Dividend Index Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateAug 19, 2003
-
Shares Outstanding304790884
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJon Erickson
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed by Value Line Publishing, LLC (the “Index Provider”) and calculated by ICE Data Indices, LLC as the calculation agent on behalf of the Index Provider.The Index seeks to measure the performance of the securities ranked #1 or #2 according to the Index Provider’s proprietary Value Line® SafetyTM Ranking System (the “Safety Ranking System”) that are also still expected to provide above-average dividend yield. According to information published by Value Line, the Safety Ranking System seeks to measure the total risk of a security relative to the total risk of the approximately 1,700 securities comprising the Index’s initial universe. The initial universe of 1,700 U.S.-listed equity securities accounts for approximately 90% of the market capitalization of all stocks traded on U.S. securities exchanges and is intended to provide broad industry coverage.On a weekly basis, the Safety Ranking System assigns a rank of #1 (safest) to #5 (riskiest) to each of the securities in the initial universe based on each security’s expected total risk relative to the other securities in the universe. According to information published by Value Line, the Safety Rank is derived from two equally weighted measurements, a security’s “price stability rank” and “financial strength rating.” A security’s “price stability rank” is based on the standard deviation of weekly percent changes in the price of the security over the last five years. A company’s “financial strength rating” is the Index Provider’s measure of a company’s financial condition. The Index excludes all securities that are not assigned a Safety Rank of #1 or #2. According to the Index Provider, the Index also excludes all securities that do not meet the size requirements of the Index and those companies with a lower than average dividend yield, as compared to the indicated dividend yield of the S&P 500 Index. The remaining securities are selected for inclusion in the Index and are equally weighted. Because the Safety Ranking System assigns ranks weekly and the Index reconstitutes monthly, the Index may, for the remainder of any given monthly period, contain securities that are no longer assigned a Safety Rank of #1 or #2. The Index may contain the common stocks and depositary receipts of small, mid and large capitalization companies.The Index is rebalanced and reconstituted monthly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s monthly rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 28, 2024, the Index was composed of 175 securities and the Fund had significant investments in industrial companies, although this may change from time to time. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 28, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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FVD - Performance
Return Ranking - Trailing
| Period | FVD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.7% | -10.0% | 41.5% | 87.57% |
| 1 Yr | 20.5% | 0.2% | 56.7% | 88.03% |
| 3 Yr | 5.3%* | -3.5% | 31.5% | 89.25% |
| 5 Yr | 7.5%* | 0.1% | 45.8% | 93.32% |
| 10 Yr | 9.1%* | 1.5% | 25.1% | 45.51% |
* Annualized
Return Ranking - Calendar
| Period | FVD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.6% | -16.9% | 46.1% | 78.53% |
| 2022 | -7.3% | -64.7% | 4.6% | 19.25% |
| 2021 | 22.7% | -44.2% | 57.5% | 18.19% |
| 2020 | -2.7% | -23.2% | 285.0% | 67.36% |
| 2019 | 23.9% | -21.4% | 48.5% | 18.48% |
Total Return Ranking - Trailing
| Period | FVD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.7% | -10.0% | 41.5% | 87.57% |
| 1 Yr | 20.5% | 0.2% | 56.7% | 88.03% |
| 3 Yr | 5.3%* | -3.5% | 31.5% | 89.25% |
| 5 Yr | 7.5%* | 0.1% | 45.8% | 93.32% |
| 10 Yr | 9.1%* | 1.5% | 25.1% | 45.51% |
* Annualized
Total Return Ranking - Calendar
| Period | FVD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -15.9% | 46.7% | 92.90% |
| 2022 | -5.3% | -42.0% | 8.5% | 47.85% |
| 2021 | 25.1% | 3.6% | 129.7% | 61.50% |
| 2020 | -0.1% | -22.6% | 304.8% | 76.13% |
| 2019 | 26.6% | -12.7% | 52.1% | 37.56% |
FVD - Holdings
Concentration Analysis
| FVD | Category Low | Category High | FVD % Rank | |
|---|---|---|---|---|
| Net Assets | 10.2 B | 126 K | 163 B | 11.95% |
| Number of Holdings | 204 | 2 | 1727 | 9.47% |
| Net Assets in Top 10 | 472 M | 433 K | 37.8 B | 41.64% |
| Weighting of Top 10 | 5.13% | 4.4% | 99.1% | 99.82% |
Top 10 Holdings
- ONE Gas Inc 0.52%
- UnitedHealth Group Inc 0.52%
- Houlihan Lokey Inc 0.51%
- Commerce Bancshares Inc/MO 0.51%
- Toyota Motor Corp 0.51%
- Infosys Ltd 0.51%
- Tootsie Roll Industries Inc 0.51%
- Juniper Networks Inc 0.51%
- McCormick Co Inc/MD 0.51%
- ATT Inc 0.51%
Asset Allocation
| Weighting | Return Low | Return High | FVD % Rank | |
|---|---|---|---|---|
| Stocks | 99.76% | 7.19% | 103.40% | 10.20% |
| Cash | 0.24% | 0.00% | 36.15% | 85.11% |
| Preferred Stocks | 0.00% | 0.00% | 15.27% | 37.50% |
| Other | 0.00% | -2.59% | 36.68% | 50.92% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 34.07% |
| Bonds | 0.00% | 0.00% | 78.06% | 37.32% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FVD % Rank | |
|---|---|---|---|---|
| Utilities | 19.26% | 0.00% | 27.04% | 0.74% |
| Industrials | 18.09% | 0.00% | 42.76% | 4.36% |
| Financial Services | 15.66% | 0.00% | 58.05% | 80.98% |
| Consumer Defense | 12.28% | 0.00% | 34.10% | 15.49% |
| Technology | 10.32% | 0.00% | 54.02% | 50.09% |
| Healthcare | 8.45% | 0.00% | 30.08% | 95.73% |
| Consumer Cyclical | 5.21% | 0.00% | 22.74% | 59.74% |
| Real Estate | 4.61% | 0.00% | 90.54% | 25.32% |
| Basic Materials | 3.06% | 0.00% | 21.69% | 57.51% |
| Communication Services | 2.55% | 0.00% | 26.58% | 88.40% |
| Energy | 0.51% | 0.00% | 54.00% | 96.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FVD % Rank | |
|---|---|---|---|---|
| US | 99.76% | 7.19% | 103.40% | 9.38% |
| Non US | 0.00% | 0.00% | 24.08% | 53.13% |
FVD - Expenses
Operational Fees
| FVD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | 14.82% | 81.27% |
| Management Fee | 0.48% | 0.00% | 1.50% | 29.68% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.88% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| FVD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| FVD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FVD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 83.95% |
FVD - Distributions
Dividend Yield Analysis
| FVD | Category Low | Category High | FVD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.01% | 0.00% | 16.67% | 55.01% |
Dividend Distribution Analysis
| FVD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| FVD | Category Low | Category High | FVD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.91% | -1.51% | 4.28% | 19.29% |
Capital Gain Distribution Analysis
| FVD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.228 | OrdinaryDividend |
| Jun 27, 2024 | $0.280 | OrdinaryDividend |
| Mar 21, 2024 | $0.189 | OrdinaryDividend |
| Dec 22, 2023 | $0.293 | OrdinaryDividend |
| Sep 22, 2023 | $0.183 | OrdinaryDividend |
| Jun 27, 2023 | $0.265 | OrdinaryDividend |
| Mar 24, 2023 | $0.208 | OrdinaryDividend |
| Dec 23, 2022 | $0.275 | OrdinaryDividend |
| Sep 23, 2022 | $0.202 | OrdinaryDividend |
| Jun 24, 2022 | $0.170 | OrdinaryDividend |
| Mar 25, 2022 | $0.186 | OrdinaryDividend |
| Dec 23, 2021 | $0.232 | OrdinaryDividend |
| Sep 23, 2021 | $0.158 | OrdinaryDividend |
| Jun 24, 2021 | $0.189 | OrdinaryDividend |
| Mar 25, 2021 | $0.176 | OrdinaryDividend |
| Dec 24, 2020 | $0.211 | OrdinaryDividend |
| Sep 24, 2020 | $0.187 | OrdinaryDividend |
| Jun 25, 2020 | $0.221 | OrdinaryDividend |
| Mar 26, 2020 | $0.192 | OrdinaryDividend |
| Dec 13, 2019 | $0.201 | OrdinaryDividend |
| Sep 25, 2019 | $0.222 | OrdinaryDividend |
| Jun 14, 2019 | $0.163 | OrdinaryDividend |
| Mar 21, 2019 | $0.146 | OrdinaryDividend |
| Dec 18, 2018 | $0.235 | OrdinaryDividend |
| Sep 14, 2018 | $0.164 | OrdinaryDividend |
| Jun 21, 2018 | $0.194 | OrdinaryDividend |
| Mar 22, 2018 | $0.134 | OrdinaryDividend |
| Dec 21, 2017 | $0.205 | OrdinaryDividend |
| Sep 21, 2017 | $0.132 | OrdinaryDividend |
| Jun 22, 2017 | $0.164 | OrdinaryDividend |
| Mar 23, 2017 | $0.147 | OrdinaryDividend |
| Dec 21, 2016 | $0.173 | OrdinaryDividend |
| Sep 21, 2016 | $0.126 | OrdinaryDividend |
| Jun 22, 2016 | $0.146 | OrdinaryDividend |
| Mar 23, 2016 | $0.127 | OrdinaryDividend |
| Dec 23, 2015 | $0.163 | OrdinaryDividend |
| Sep 23, 2015 | $0.135 | OrdinaryDividend |
| Jun 24, 2015 | $0.148 | OrdinaryDividend |
| Mar 25, 2015 | $0.114 | OrdinaryDividend |
| Dec 23, 2014 | $0.155 | OrdinaryDividend |
| Sep 23, 2014 | $0.118 | OrdinaryDividend |
| Jun 24, 2014 | $0.138 | OrdinaryDividend |
| Mar 25, 2014 | $0.184 | OrdinaryDividend |
| Dec 18, 2013 | $0.126 | OrdinaryDividend |
| Sep 20, 2013 | $0.121 | OrdinaryDividend |
| Jun 21, 2013 | $0.134 | OrdinaryDividend |
| Mar 21, 2013 | $0.107 | OrdinaryDividend |
| Dec 21, 2012 | $0.150 | OrdinaryDividend |
| Sep 21, 2012 | $0.125 | OrdinaryDividend |
| Jun 21, 2012 | $0.123 | OrdinaryDividend |
| Mar 21, 2012 | $0.101 | OrdinaryDividend |
| Dec 21, 2011 | $0.128 | OrdinaryDividend |
| Sep 21, 2011 | $0.095 | OrdinaryDividend |
| Jun 21, 2011 | $0.104 | OrdinaryDividend |
| Mar 22, 2011 | $0.091 | OrdinaryDividend |
| Dec 21, 2010 | $0.125 | OrdinaryDividend |
| Sep 21, 2010 | $0.088 | OrdinaryDividend |
| Jun 22, 2010 | $0.104 | OrdinaryDividend |
| Mar 23, 2010 | $0.088 | OrdinaryDividend |
| Dec 22, 2009 | $0.092 | OrdinaryDividend |
| Sep 22, 2009 | $0.088 | OrdinaryDividend |
| Jun 23, 2009 | $0.105 | OrdinaryDividend |
| Mar 23, 2009 | $0.093 | OrdinaryDividend |
| Dec 23, 2008 | $0.126 | OrdinaryDividend |
| Sep 22, 2008 | $0.102 | OrdinaryDividend |
| Jun 23, 2008 | $0.116 | OrdinaryDividend |
| Mar 24, 2008 | $0.105 | OrdinaryDividend |
| Dec 21, 2007 | $0.125 | OrdinaryDividend |
| Sep 21, 2007 | $0.120 | OrdinaryDividend |
| Jun 21, 2007 | $0.110 | OrdinaryDividend |
| Mar 23, 2007 | $0.110 | OrdinaryDividend |
FVD - Fund Manager Analysis
Managers
Jon Erickson
Start Date
Tenure
Tenure Rank
Aug 19, 2003
18.79
18.8%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Aug 19, 2003
18.79
18.8%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Aug 19, 2003
18.79
18.8%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Dec 31, 2004
17.42
17.4%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Stan Ueland
Start Date
Tenure
Tenure Rank
Oct 13, 2006
15.64
15.6%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Chris Peterson
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.09 | 0.25 |
