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
9.6 B
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
Fund sponsor | First Trust Advisors LP |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Aug 19, 2003 |
Assets (mns) | $9,600 |
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 +
HANOVER INSURANCE GROUP INC/ | 0.5 % |
CAN IMPERIAL BK OF COMMERCE | 0.5 % |
SONOCO PRODUCTS CO | 0.5 % |
NORFOLK SOUTHERN CORP | 0.5 % |
TOYOTA MOTOR CORP -SPON ADR | 0.5 % |
ROYAL BANK OF CANADA | 0.5 % |
ANALOG DEVICES INC | 0.5 % |
RAYTHEON TECHNOLOGIES CORPORATION | 0.5 % |
INFOSYS TECHNOLOGIES-SP ADR | 0.5 % |
HUBBELL INCORPORATED CLASS B | 0.5 % |
Constituent Breakdown
Number of holdings | 209 |
Herfindahl-Hirschman Index | 48 |
Wgt avg mkt cap (mns) | $82,609 |
Large cap (>$10bn) | 78.8% |
Mid cap ($2-10bn) | 18.9% |
Small cap (<$2bn) | 1.8% |
Developed mkts. | 98.6% |
Emerging mkts. | 1.4% |
Country Exposure
UNITED STATES | 84.2 % | |
CANADA | 6.3 % | |
BRITAIN | 2.4 % | |
SWITZERLAND | 1.9 % | |
IRELAND | 1.4 % | |
JAPAN | 1.0 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 11.7% | 17.7% | 9.4% | 5.1% | 8.3% | 9.3% | 11.2% | Volatility | 9.7% | 10.5% | 13.7% | 13.4% | 19.1% | 15.5% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.73 | 76% |
MSCI EAFE | 0.77 | 80% |
MSCI Emg Mkts | 0.58 | 43% |
Liquidity Measures
Avg. volume (000) | 639 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $44,243 |
Technical Indicators
Recent close | $44.10 |
30d moving avg. | $43.89 |
Annualized volatility | 15.2% |
Relative strength (RSI) | 48 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 2.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 37.1% | -53 bp | -0.7% |
VYM | Vanguard High Dividend Yield Index ETF | 33.8% | -59 bp | +1.1% |
IVE | iShares S&P 500 Value ETF | 32.9% | -47 bp | +0.4% |
SIXL | ETC 6 Meridian Low Beta Equity ETF | 32.8% | +15 bp | -1.5% |
SPYV | SPDR Portfolio S&P 500 Value ETF | 32.8% | -61 bp | +0.5% |
VOOV | Vanguard S&P 500 Value ETF | 32.8% | -55 bp | +0.5% |
SCHV | Schwab U.S. Large-Cap Value ETF | 32.7% | -61 bp | +0.5% |
IUSV | iShares Core S&P US Value ETF | 32.3% | -61 bp | +0.6% |
DGRO | iShares Core Dividend Growth ETF | 31.7% | -57 bp | +0.4% |
PFM | Invesco Dividend Achievers ETF | 31.5% | -12 bp | -0.6% |
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 9/6/2024
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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 Rating
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.
ALTAR Score™
FVD
6.0%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. FVD's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places FVD in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FVDSELL
U/W
HOLD
O/W
BUY
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 | 72 |
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. | 30.0 | 13.8 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .