# First Trust Value Line Dividend Index Fund (FVD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fvd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Equity Income - Strategy: Thematic · Inception: 2003-08-19 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. ## Key Facts | Metric | Value | |---|---| | Price | $50.24 | | Expense Ratio | 0.62% | | Assets Under Management | $7.91B | | NAV | $49.57 | | Holdings Count | 239 | | Distribution Yield (TTM) | 2.23% | | Annual Distribution (TTM) | $1.12 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $44.63 – $51.41 | | Beta | 0.49 | ## Latest Distribution - Amount: $0.2562 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does FVD invest in? 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. ### What is the expense ratio of FVD? First Trust Value Line Dividend Index Fund (FVD) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FVD? First Trust Value Line Dividend Index Fund (FVD) manages $7.91B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FVD actively managed or an index fund? FVD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FVD launched? First Trust Value Line Dividend Index Fund (FVD) launched in August 2003 and is managed by First Trust. ### How has FVD performed? FVD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FVD pay a dividend? First Trust Value Line Dividend Index Fund (FVD) currently distributes little or no income. Trailing-twelve-month yield is 2.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FVD pay dividends? First Trust Value Line Dividend Index Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FVD's dividend yield? FVD's trailing-twelve-month yield is 2.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is FVD's next ex-dividend date? The most recently announced ex-dividend date for FVD was 2026-09-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FVD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.62% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FVD charge its expense ratio? The expense ratio is deducted in tiny daily slices from FVD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FVD cost more than a fund like VOO? FVD's strategy (current expense ratio 0.62%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FVD sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FVD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FVD (0.62%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fvd - Distribution history: https://www.dividenddata.com/funds/fvd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fvd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fvd/expenses - Peer comparison: https://www.dividenddata.com/funds/fvd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.