First Trust Value Line Dividend Index Fund
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.7x P/Sales
ratio
1.9x
P/BV
ratio
2.1x Div.
yield
3.2%


  • 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 19, 2003
Assets (mns) $9,163
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 167
Wgt avg mkt cap (mns) $61,363
Large cap (>$10bn) 74.9%
Mid cap ($2-10bn) 23.3%
Small cap (<$2bn) 1.8%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
ROCKWELL AUTOMATION INC 0.7 %
BLACKROCK INC 0.7 %
T ROWE PRICE GROUP INC 0.7 %
CHESAPEAKE UTILITIES CORP 0.7 %
EVERSOURCE ENERGY 0.7 %
FRANKLIN RESOURCES INC 0.7 %
PUBLIC SERVICE ENTERPRISE GP 0.7 %
CATERPILLAR INC 0.7 %
AMERICAN ELECTRIC POWER 0.7 %
PINNACLE WEST CAPITAL 0.6 %
Total 6.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.2 %
CANADA 7.0 %
SWITZERLAND 3.0 %
BRITAIN 1.7 %
JAPAN 1.7 %
BERMUDA 1.1 %
INDIA 0.6 %
TAIWAN 0.6 %
IRELAND 0.6 %
DENMARK 0.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.9% -7.4% 9.1% 11.0% 11.0%

Market Correlations
versus... Beta R-squared
S&P500 0.78 86%
MSCI EAFE 0.83 80%
MSCI Emg. Mkts. 0.58 62%

Technical Indicators
Recent close $32.45
30d moving avg. $31.98
Annualized volatility 15.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 1,514
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $40,076

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Value Line Dividend Index Fund 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™: 6.2%


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
(%)
USDY Pacific Global US Equity Income ETF 40.3 29 41 7.0 +0.9
JMIN JPMorgan U.S. Minimum Volatility ETF 39.1 12 58 5.4 -0.8
JDIV JPMorgan U.S. Dividend ETF 36.3 12 58 7.7 +1.6
VYM Vanguard High Dividend Yield Index ETF 34.5 6 64 7.4 +1.2
DGRO iShares Core Dividend Growth ETF 32.4 8 62 6.6 +0.4
VOOV Vanguard S&P 500 Value ETF 32.3 10 60 7.2 +1.0
SCHV Schwab U.S. Large-Cap Value ETF 31.7 4 66 6.7 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 31.4 28 42 6.3 +0.1
SPYV SPDR Portfolio S&P 500 Value ETF 31.3 4 66 7.2 +1.1
IVE iShares S&P 500 Value ETF 31.3 18 52 7.1 +0.9
DTD WisdomTree U.S.Total Dividend Fund 31.2 28 42 6.6 +0.4
IUSV iShares Core S&P U.S. Value ETF 30.6 4 66 7.3 +1.2
FLQL Franklin LibertyQ U.S. Equity ETF 30.4 15 55 6.0 -0.2
USMV iShares Edge MSCI Min Vol USA ETF 30.3 15 55 5.4 -0.7
VTV Vanguard Value Index Fund 30.2 4 66 7.2 +1.1
KRMA Global X Conscious Companies ETF 29.8 43 27 5.0 -1.2
IWX iShares Russell Top 200 Value ETF 29.8 20 50 6.7 +0.5
MGV Vanguard Mega Cap Value ETF 29.6 7 63 7.1 +1.0
VONV Vanguard Russell 1000 Value Index Fund 29.3 8 62 6.9 +0.7
IWD iShares Russell 1000 Value ETF 29.2 19 51 6.8 +0.6
SCIU Global X Scientific Beta US ETF 28.7 19 51 0.0 -6.2
QUS SPDR MSCI USA StrategicFactors ETF 28.4 15 55 5.7 -0.5
FTA First Trust Large Cap Value AlphaDEX Fund 28.4 60 10 9.0 +2.8
OUSA O'Shares FTSE US Quality Dividend ETF 28.0 48 22 5.7 -0.5
LSLT Salt Low truBeta US Market ETF 28.0 60 10 5.7 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 27.5 18 52 6.0 -0.1
PFM Invesco Dividend Achievers ETF 27.5 53 17 5.2 -0.9
RNDV US Equity Dividend Select ETF 27.3 50 20 7.7 +1.6
EQWL Invesco Russell Top 200 Equal Weight ETF 26.7 25 45 6.1 -0.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.6 17 53 6.7 +0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 26.2 35 35 5.3 -0.9
SDY SPDR S&P Dividend ETF 26.2 35 35 7.0 +0.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.8 25 45 6.6 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 25.8 27 43 5.4 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 25.6 39 31 6.7 +0.5
KLCD KFA Large Cap Quality Dividend Index ETF 25.5 42 28 5.3 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 25.3 8 62 6.3 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 25.2 25 45 6.7 +0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 25.1 30 40 4.5 -1.6
SPLV Invesco S&P 500 Low Volatility ETF 24.8 25 45 5.4 -0.8
ALTL Pacer Lunt Large Cap Alternator ETF 24.8 60 10 5.1 -1.1
ROUS Hartford Multifactor US Equity ETF 24.7 19 51 6.3 +0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 24.6 25 45 6.6 +0.5
TPHD Timothy Plan High Dividend Stock ETF 24.5 52 18 7.3 +1.1
PBP Invesco S&P 500 BuyWrite ETF 24.3 49 21 4.8 -1.3
ACWV iShares Edge MSCI Min Vol Global ETF 24.3 20 50 5.7 -0.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 24.2 35 35 8.7 +2.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 24.2 35 35 8.8 +2.6
HSPX Global X S&P 500 Covered Call ETF 24.1 60 10 4.8 -1.4
MGC Vanguard Mega Cap Index Fund 23.9 7 63 5.0 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 23.9 29 41 7.6 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.8 20 50 5.1 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 23.8 27 43 5.1 -1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 23.7 60 10 4.8 -1.3
SPLG SPDR Portfolio Large Cap ETF 23.6 3 67 5.2 -1.0
IVV iShares Core S&P 500 ETF 23.6 3 67 5.2 -1.0
SPY SPDR S&P 500 ETF Trust 23.6 9 61 5.1 -1.0
DVY iShares Select Dividend ETF 23.6 39 31 9.3 +3.1
ESGU iShares MSCI USA ESG Optimized ETF 23.4 15 55 4.9 -1.3
IFRA iShares U.S. Infrastructure ETF 23.4 40 30 5.5 -0.7
JHML John Hancock Multifactor Large Cap ETF 23.4 29 41 5.3 -0.9
VOO VANGUARD S&P 500 ETF 23.3 3 67 5.2 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 23.1 12 58 5.2 -0.9
IWL iShares Russell Top 200 ETF 23.1 15 55 4.8 -1.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 23.1 38 32 7.9 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.1 20 50 4.8 -1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.0 7 63 5.0 -1.2
BKLC BNY Mellon US Large Cap Core Equity ETF 23.0 0 70 4.9 -1.2
JKF iShares Morningstar Large Cap Value ETF 22.9 25 45 7.6 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 22.7 3 67 5.3 -0.9
PBUS Invesco PureBeta MSCI USA ETF 22.6 4 66 5.0 -1.2
RNLC Large Cap US Equity Select ETF 22.6 60 10 6.0 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.5 2 68 5.1 -1.1
VV Vanguard Large-Cap Index Fund 22.4 4 66 5.0 -1.2
LGLV SPDR Russell 1000 Low Volatility ETF 22.4 12 58 5.5 -0.7
MAGA Point Bridge GOP Stock Tracker ETF 22.3 72 -2 6.3 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 22.3 27 43 4.8 -1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 22.2 35 35 5.6 -0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 22.2 35 35 5.6 -0.6
SCHX Schwab U.S. Large-Cap ETF 22.2 3 67 5.0 -1.2
IUS Invesco Strategic US ETF 22.1 19 51 6.3 +0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 22.0 37 33 5.9 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 22.0 29 41 6.6 +0.5
VIG Vanguard Dividend Appreciation Index Fund 22.0 6 64 5.1 -1.0
SPMV Invesco S&P 500 Minimum Variance ETF 22.0 10 60 5.6 -0.6
SCHK Schwab 1000 Index ETF 22.0 5 65 5.0 -1.2
IWB iShares Russell 1000 ETF 21.9 15 55 4.9 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 21.9 12 58 7.2 +1.1
IYY iShares Dow Jones U.S. ETF 21.8 20 50 4.9 -1.3
FDLO Fidelity Low Volatility Factor ETF 21.7 29 41 5.1 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 21.6 30 40 6.0 -0.2
QDIV Global X S&P 500 Quality Dividend ETF 21.6 20 50 7.6 +1.4
VONE Vanguard Russell 1000 ETF 21.6 8 62 5.0 -1.2
OEF iShares S&P 100 ETF 21.6 20 50 4.6 -1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 21.5 10 60 5.2 -1.0
SUSL iShares ESG MSCI USA Leaders ETF 21.5 10 60 5.2 -1.0
FLLV Franklin Liberty U.S. Low Volatility ETF 21.5 29 41 5.4 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 21.4 27 43 4.8 -1.4
RWL Invesco S&P 500 Revenue ETF 21.4 39 31 7.1 +0.9
VTHR Vanguard Russell 3000 Index Fund 21.3 10 60 4.8 -1.4

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

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
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 Index Fund
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 13.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.51
 
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.