First Trust Value Line Dividend Index Fund
FVD
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 27, 2003
- CIK
- 0001329377
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Value Line Dividend Index Fund (FVD) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before fees and expenses, of the Value Line Dividend Index, a modified equal-dollar-weighted index comprised of U.S.-listed securities of companies that pay above-average dividends and exhibit potential for capital appreciation; the index excludes companies with less than $1 billion in market capitalization, subpar Value Line Safety Ranks, or below-average dividend yields. The fund holds approximately 200-210 dividend-paying stocks across diverse sectors including industrials, utilities, consumer staples, health care, financials, materials, and information technology, with top holdings such as 3M Company, Bristol-Myers Squibb Company, Lockheed Martin Corporation, AbbVie Inc., and Philip Morris International Inc.; it provides exposure to both U.S. (approximately 83.5%) and non-U.S. stocks (16.5%), alongside minimal cash positions, while targeting mid-cap value characteristics within the large value Morningstar category. Launched on August 19, 2003, following the acquisition of the assets of the predecessor First Trust Value Line Dividend Fund on December 15, 2006, FVD is managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois, with total net assets exceeding $8.5 billion, a net expense ratio of 0.61%, and quarterly dividend distributions yielding approximately 2.2-2.4%. Geographically, the fund primarily operates in the United States and is available for sale in markets including Mexico, serving institutional and retail investors seeking dividend-focused equity exposure. Recent developments include routine quarterly distributions declared by First Trust Advisors L.P. in September, December 2024, and continuing into 2025, alongside board elections and re-elections of trustees in August 2025 and new board appointments in March 2024, reflecting ongoing governance enhancements; while no fund-specific acquisitions, partnerships, or strategic shifts were reported for FVD in the last 1-2 years, First Trust as a firm expanded its broader ETF lineup with new launches such as the FT Vest U.S. Equity Dual Directional Buffer ETF in September 2025 and pursued reorganizations of affiliated mutual funds in October 2025.