First Trust Value Line Dividend
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.0x P/Sales
ratio
2.0x
P/BV
ratio
2.4x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Value Line Dividend Index Fund seeks to track the performance of the Value Line Dividend Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Aug 26, 2003
Assets (mns) $9,042
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 195
Wgt avg mkt cap (mns) $65,562
Large cap (>$10bn) 76.4%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 2.6%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
LEGGETT & PLATT INC 0.6 %
INTL FLAVORS & FRAGRANCES 0.6 %
DOW, INC. 0.6 %
CVS CAREMARK CORP 0.6 %
AMGEN INC 0.6 %
ROCKWELL AUTOMATION INC 0.6 %
BOEING CO 0.6 %
ABB LTD-SPON ADR 0.6 %
GARMIN LTD 0.6 %
AIR PRODUCTS & CHEMICALS INC 0.6 %
Total 6.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.2 %
CANADA 6.6 %
BRITAIN 2.6 %
SWITZERLAND 2.6 %
BERMUDA 1.6 %
IRELAND 1.0 %
JAPAN 1.0 %
FRANCE 1.0 %
DENMARK 0.5 %
INDIA 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
24.4% 15.0% 10.6% 13.3% 12.3%

Market Correlations
versus... Beta R-squared
S&P500 0.72 82%
MSCI EAFE 0.66 57%
MSCI Emg. Mkts. 0.43 40%

Technical Indicators
Recent close $35.44
30d moving avg. $35.34
Annualized volatility 9.6%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 1,190
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $44,836

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Value Line Dividend ETF based on the alternatives' overlap in portfolio holdings with FVD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FVD Expense: 70 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FVD
Ticker Fund
Name
Overlap1
vs FVD
(%)
Expense
ratio
(bp)
Savings
vs FVD
(bp)
ALTAR
Score™
(%)
ALTAR
vs FVD
(%)
JMIN JPMorgan U.S. Minimum Volatility 40.0 12 58 5.6 -0.2
JDIV JPMorgan U.S. Dividend 36.5 12 58 7.5 +1.7
RBUS Nationwide Risk-Based U.S. Equity 36.4 30 40 6.1 +0.3
SCHV Schwab U.S. Large-Cap Value 34.4 4 66 7.0 +1.2
VYM Vanguard High Dividend Yield ETF 33.8 6 64 7.2 +1.5
USDY Pacific Global US Equity Income 33.6 29 41 7.5 +1.7
DLN WisdomTree Large Cap Dividend 32.8 28 42 6.5 +0.8
OYLD Invesco Russell 1000 Yield Factor ETF 32.5 19 51 7.1 +1.3
OUSA O'Shares FTSE U.S. Quality Dividend 31.8 48 22 6.0 +0.2
RNDV US Equity Dividend Select 31.7 50 20 7.7 +1.9
OVOL Invesco Russell 1000 Low Volatility Factor ETF 31.4 19 51 5.6 -0.1
DTD WisdomTree Total Dividend 31.4 28 42 6.6 +0.9
FLQL Franklin LibertyQ U.S. Equity 31.3 15 55 6.9 +1.2
VTV Vanguard Value ETF 30.9 4 66 7.2 +1.4
QUS SPDR MSCI USA Quality Mix 30.8 15 55 6.0 +0.2
DGRO iShares Core Dividend Growth 30.6 8 62 6.5 +0.7
SPLV Invesco S&P 500 Low Volatility 30.6 25 45 5.2 -0.5
LVHB Elkhorn Lunt Low Vol/High Beta Tactical 30.6 52 18 5.0 -0.7
JPUS JPMorgan Diversified Return U.S. Equity 30.2 19 51 6.3 +0.6
KRMA Global X Conscious Companies 30.2 43 27 5.7 -0.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Value Line Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.5 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.