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The First Trust Value Line Dividend Index Fund (FVD) is an exchange-traded fund (ETF) designed to track the overall performance of the Value Line Dividend Index. Its primary aim is to replicate the index's capital appreciation and dividend income, measured prior to accounting for the fund's own fees and operational costs.
Is FVD's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the First Trust Value Line Dividend ETF (FVD), a passively managed exchange traded fund launched on August 19, 2003.
First Trust Value Line Dividend Index Fund (NYSEARCA:FVD - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 133,286 shares, an increase of 105.6% from the August 31st total of 64,840 shares. Currently, 0.1% of the company's
First Trust Value Line Dividend Index Fund ETF is a well-diversified dividend-oriented ETF with $7.9 billion in net assets and a 2.36% estimated dividend yield, which is hampered by a high 0.62% expense ratio. As a low-risk ETF, most investors understand that maximizing total returns isn't the objective with FVD. However, its appeal as a defensive product requires context. Historically, it has not outperformed peers like DGRO and SCHD in moderate, somewhat short-lived drawdowns. Moreover, recovery times were relatively slow.
A smart beta exchange traded fund, the First Trust Value Line Dividend ETF (FVD) debuted on 08/19/2003, and offers broad exposure to the Style Box - Large Cap Value category of the market.
If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the First Trust Value Line Dividend ETF (FVD), a passively managed exchange traded fund launched on August 19, 2003.