FVDFirst Trust Value Line Dividend Index Fund
FVD Fund Description
FVD tracks an equal-weighted index of dividend-paying companies. The index excludes companies with less than $1 billion in market cap, risky ranking and lower-than-average dividend yield.
FVD Factset Analytics Insight
FVD seeks to deliver better-than-average dividend yields via an equal-weighted portfolio of dividend-paying stocks. It builds this portfolio in two steps: first, it uses Value Line's proprietary 'safety rating' system to select low-beta stocks from companies with strong balance sheets, and then it chooses the stocks with above-average yields and weights them equally. Excluded companies are those with more risky ranking, less than $1 billion in market cap, and lower average dividend yield compared to that of the S&P 500. FVD’s equal-weighted approach results in a pronounced midcap tilt compared to its high-yield benchmark. The fund may carry slightly lower risk compared to its benchmark, but it doesn't necessarily succeed in delivering equal or better yields. The Index is rebalanced and reconstituted monthly. On December 14, 2020, the First Trust Value Line 100 ETF (ticker: FVL) merged into FVD. Assets from FVL stood at just under $37 million, with 1,589,982 shares outstanding.
FVD MSCI ESG Analytics Insight
First Trust Value Line Dividend Index Fund has an MSCI ESG Fund Rating of AA based on a score of 7.44 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Value Line Dividend Index Fund ranks in the 82nd percentile within its peer group and in the 96th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FVD MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FVD Summary Data
FVD Portfolio Data
FVD Index Data
FVD Portfolio Management
FVD Tax Exposures
FVD Fund Structure
FVD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FVD. FVD is rated a 5 out of 5.
FVD Sector/Industry Breakdown
FVD Top 10 Holdings[View All]
FVD Economic Development
FVD Performance Statistics
FVD MSCI ESG Ratings
FVD Benchmark Comparison Summary
FVD Benchmark Comparison Market Cap Size