First Trust VL DividendFirst Trust VL DividendFirst Trust VL Dividend

First Trust VL Dividend

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Key stats


Assets under management (AUM)
‪9.68 B‬USD
Fund flows (1Y)
‪−2.56 B‬USD
Dividend yield (indicated)
2.16%
Discount/Premium to NAV
−0.3%

About First Trust VL Dividend


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.60%
Inception date
Dec 18, 2006
Index tracked
Value Line Dividend (TR)
Management style
Passive
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. FVDs 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.

Classification


Asset Class
Equity
Category
High dividend yield
Focus
High dividend yield
Niche
Broad-based
Strategy
Dividends
Weighting scheme
Equal
Selection criteria
Dividends

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 5, 2024
Exposure type
StocksBonds, Cash & Other
Utilities
Consumer Non-Durables
Finance
Stocks99.86%
Utilities18.85%
Consumer Non-Durables14.86%
Finance13.99%
Health Technology7.41%
Producer Manufacturing7.01%
Electronic Technology6.43%
Process Industries5.14%
Technology Services5.02%
Transportation4.25%
Retail Trade2.76%
Communications2.66%
Commercial Services1.97%
Distribution Services1.88%
Consumer Services1.88%
Health Services1.49%
Consumer Durables1.43%
Energy Minerals1.39%
Industrial Services0.97%
Non-Energy Minerals0.47%
Bonds, Cash & Other0.14%
Cash0.14%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows