Key stats
About First Trust VL Dividend
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Inception date
Dec 18, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
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
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
Finance
Consumer Non-Durables
Stocks99.91%
Utilities18.28%
Finance13.90%
Consumer Non-Durables13.18%
Producer Manufacturing7.99%
Health Technology7.14%
Process Industries6.19%
Technology Services5.77%
Electronic Technology5.58%
Transportation4.99%
Communications3.14%
Energy Minerals2.37%
Retail Trade2.27%
Distribution Services2.22%
Industrial Services1.74%
Consumer Durables1.73%
Commercial Services1.22%
Health Services0.91%
Consumer Services0.86%
Non-Energy Minerals0.42%
Bonds, Cash & Other0.09%
Cash0.09%
Stock breakdown by region
North America88.83%
Europe8.97%
Asia2.20%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FVD invests in stocks. The fund's major sectors are Utilities, with 18.28% stocks, and Finance, with 13.90% of the basket. The assets are mostly located in the North America region.
FVD top holdings are Texas Instruments Incorporated and International Business Machines Corporation, occupying 0.49% and 0.49% of the portfolio correspondingly.
FVD last dividends amounted to 0.26 USD. The quarter before, the issuer paid 0.28 USD in dividends, which shows a 5.36% decrease.
FVD assets under management is 8.93 B USD. It's fallen 0.62% over the last month.
FVD fund flows account for −1.07 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FVD pays dividends to its holders with the dividend yield of 2.34%. The last dividend (Mar 31, 2025) amounted to 0.26 USD. The dividends are paid quarterly.
FVD shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Dec 18, 2006, and its management style is Passive.
FVD expense ratio is 0.61% meaning you'd have to pay 0.61% of your investment to help manage the fund.
FVD follows the Value Line Dividend (TR). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FVD invests in stocks.
FVD price has risen by 1.85% over the last month, and its yearly performance shows a 8.53% increase. See more dynamics on FVD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.88% over the last month, showed a 1.03% increase in three-month performance and has increased by 10.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.88% over the last month, showed a 1.03% increase in three-month performance and has increased by 10.83% in a year.
FVD trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.