Key stats
About FIRST TRUST VALUE LINE DIV IDX ETF COMMON UNITS
Expense ratio
0.79%
Home page
Inception date
May 15, 2013
The fund 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. FUDs equal-weighted approach results in a pronounced midcap tilt compared to its high-yield benchmark. The Index is rebalanced and reconstituted monthly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Utilities
Consumer Non-Durables
Finance
Stocks99.76%
Utilities18.15%
Consumer Non-Durables16.90%
Finance11.61%
Health Technology8.44%
Electronic Technology7.42%
Technology Services7.04%
Producer Manufacturing6.05%
Process Industries4.93%
Transportation3.29%
Consumer Services2.68%
Retail Trade2.68%
Communications2.23%
Commercial Services2.21%
Health Services1.69%
Industrial Services1.66%
Distribution Services1.11%
Consumer Durables1.11%
Energy Minerals0.55%
Bonds, Cash & Other0.24%
Cash0.24%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history