FVD
First Trust Value Line Dividend Index Fund
First Trust Value Line Dividend Index Fund seeks to track the performance of the Value Line Dividend Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
65 bp
EXPENSES
$57.6 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 19, 2003 |
| Assets (mns) | $57,553 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| INFOSYS TECHNOLOGIES-SP ADR | 0.6 % |
| COMMERCE BANCSHARES INC | 0.6 % |
| UNITEDHEALTH GROUP INC | 0.6 % |
| ONE GAS INC | 0.6 % |
| WD-40 CO | 0.5 % |
| NORTHWEST NATURAL GAS CO | 0.5 % |
| SPIRE, INC. | 0.5 % |
| COGNIZANT TECH SOLUTIONS-A | 0.5 % |
| HOULIHAN LOKEY, INC. CLASS A | 0.5 % |
| AMERICAN STATES WATER CO | 0.5 % |
Constituent Breakdown
| Number of holdings | 1206 |
| Herfindahl-Hirschman Index | 51 |
| Wgt avg mkt cap (mns) | $77,385 |
| Large cap (>$10bn) | 76.3% |
| Mid cap ($2-10bn) | 21.1% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 98.9% |
| Emerging mkts. | 1.1% |
Country Exposure
 |
UNITED STATES | 83.9 % |
 |
CANADA | 6.3 % |
 |
BRITAIN | 2.8 % |
 |
SWITZERLAND | 1.8 % |
 |
IRELAND | 1.5 % |
 |
JAPAN | 1.0 % |
 |
INDIA | 0.6 % |
 |
FRANCE | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.6% | 4.6% | 5.2% | 3.2% | 6.3% | 8.4% | 10.8% | Volatility | 9.7% | 10.5% | 13.7% | 13.4% | 19.1% | 15.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 80% |
| MSCI EAFE | 0.76 | 81% |
| MSCI Emg Mkts | 0.53 | 41% |
Liquidity Measures
| Avg. volume (000) | 761 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $125,225 |
Technical Indicators
| Recent close | $42.47 |
| 30d moving avg. | $41.26 |
| Annualized volatility | 14.7% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FVD |
Expenses vs. FVD |
ALTAR Score™ vs. FVD |
|---|---|---|---|---|
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 37.0% | -53 bp | -0.6% |
| VYM | Vanguard High Dividend Yield Index ETF | 33.5% | -59 bp | +1.0% |
| IVE | iShares S&P 500 Value ETF | 32.4% | -47 bp | +0.3% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 32.4% | -61 bp | +0.5% |
| VOOV | Vanguard S&P 500 Value ETF | 32.3% | -55 bp | +0.4% |
| SIXL | ETC 6 Meridian Low Beta Equity ETF | 32.0% | +15 bp | -1.6% |
| DGRO | iShares Core Dividend Growth ETF | 31.9% | -57 bp | +0.3% |
| IUSV | iShares Core S&P US Value ETF | 31.7% | -61 bp | +0.5% |
| SCHV | Schwab U.S. Large-Cap Value ETF | 31.7% | -61 bp | +0.4% |
| PFM | Invesco Dividend Achievers ETF | 31.4% | -12 bp | -0.7% |
Risk and Returns: FVD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FVD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FVD
6.2%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. FVD's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FVD in the 58th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FVD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FVD (65 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FVD | 65.0 | 2.7 | 67.7 |
| Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .