First Trust Value Line Dividend Index Fund
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.7x P/Sales
ratio
1.7x
P/BV
ratio
2.0x Div.
yield
3.4%


  • 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) $8,765
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 188
Wgt avg mkt cap (mns) $55,961
Large cap (>$10bn) 77.1%
Mid cap ($2-10bn) 20.8%
Small cap (<$2bn) 2.1%
Developed mkts 98.9%
Emerging mkts 1.1%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR-SP ADR 0.6 %
AIR PRODUCTS & CHEMICALS INC 0.6 %
CINCINNATI FINANCIAL CORP 0.6 %
INFOSYS TECHNOLOGIES-SP ADR 0.6 %
FEDEX CORP 0.6 %
ABB LTD-SPON ADR 0.6 %
QUEST DIAGNOSTICS 0.6 %
DEERE & CO 0.6 %
CATERPILLAR INC 0.6 %
UIL HOLDINGS CORP 0.6 %
Total 6.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 82.9 %
CANADA 6.3 %
SWITZERLAND 2.7 %
BRITAIN 1.6 %
JAPAN 1.5 %
BERMUDA 1.0 %
TAIWAN 0.6 %
INDIA 0.6 %
BELGIUM 0.6 %
HONG KONG 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.7% -7.8% 7.8% 11.7% 10.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 87%
MSCI EAFE 0.83 80%
MSCI Emg. Mkts. 0.57 59%

Technical Indicators
Recent close $30.86
30d moving avg. $30.88
Annualized volatility 14.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 1,802
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $70,329

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™: 6.3%


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 40.7 29 41 7.2 +0.9
JMIN JPMorgan U.S. Minimum Volatility ETF 40.1 12 58 5.8 -0.5
JDIV JPMorgan U.S. Dividend ETF 36.5 12 58 7.9 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 34.7 4 66 7.1 +0.8
VOOV Vanguard S&P 500 Value ETF 33.7 15 55 7.3 +0.9
VYM Vanguard High Dividend Yield Index ETF 33.6 6 64 7.3 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 33.5 4 66 7.4 +1.0
IVE iShares S&P 500 Value ETF 33.5 18 52 7.2 +0.9
IUSV iShares Core S&P U.S. Value ETF 32.9 4 66 7.4 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 32.9 28 42 6.3 -0.0
DGRO iShares Core Dividend Growth ETF 32.7 8 62 6.6 +0.2
DTD WisdomTree U.S.Total Dividend Fund 32.7 28 42 6.6 +0.3
KRMA Global X Conscious Companies ETF 31.9 43 27 5.1 -1.2
IWD iShares Russell 1000 Value ETF 31.6 19 51 7.1 +0.8
VTV Vanguard Value Index Fund 31.5 4 66 7.4 +1.0
VONV Vanguard Russell 1000 Value Index Fund 31.1 8 62 7.2 +0.9
SCIU Global X Scientific Beta US ETF 31.1 19 51 5.7 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.8 18 52 6.2 -0.2
FLQL Franklin LibertyQ U.S. Equity ETF 30.5 15 55 6.2 -0.1
IWX iShares Russell Top 200 Value ETF 30.1 20 50 7.1 +0.7
ROUS Hartford Multifactor US Equity ETF 30.0 19 51 7.3 +0.9
RNDV US Equity Dividend Select ETF 29.8 50 20 7.6 +1.3
QUS SPDR MSCI USA StrategicFactors ETF 29.4 15 55 5.8 -0.6
MGV Vanguard Mega Cap Value ETF 29.3 7 63 7.2 +0.9
USMV iShares Edge MSCI Min Vol USA ETF 28.7 15 55 5.5 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.5 25 45 6.5 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 28.3 39 31 6.8 +0.4
PFM Invesco Dividend Achievers ETF 28.3 54 16 5.4 -1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 28.2 35 35 5.4 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 28.1 48 22 5.6 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 27.8 27 43 5.6 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 27.7 8 62 6.4 +0.1
SDY SPDR S&P Dividend ETF 27.7 35 35 7.0 +0.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 27.4 17 53 6.5 +0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.3 25 45 6.5 +0.2
LVUS Hartford Multifactor Low Volatility US Equity ETF 26.9 19 51 6.0 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 26.7 25 45 6.5 +0.2
MAGA Point Bridge GOP Stock Tracker ETF 26.6 72 -2 6.5 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 26.5 25 45 6.0 -0.3
JHML John Hancock Multifactor Large Cap ETF 26.5 29 41 5.5 -0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 26.4 35 35 5.9 -0.5
PBP Invesco S&P 500 BuyWrite ETF 25.8 49 21 5.0 -1.4
FTA First Trust Large Cap Value AlphaDEX Fund 25.7 60 10 9.3 +2.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.6 30 40 6.5 +0.1
RNLC Large Cap US Equity Select ETF 25.4 60 10 6.2 -0.2
RAFE PIMCO RAFI ESG U.S. ETF 25.4 29 41 7.7 +1.4
SPY SPDR S&P 500 ETF Trust 25.4 9 61 5.3 -1.1
IVV iShares Core S&P 500 ETF 25.3 4 66 5.3 -1.0
SPLG SPDR Portfolio Large Cap ETF 25.3 3 67 5.3 -1.0
VOO VANGUARD S&P 500 ETF 25.3 3 67 5.4 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 25.3 27 43 5.2 -1.1
HSPX Global X S&P 500 Covered Call ETF 25.3 65 5 4.8 -1.5
LSLT Salt Low truBeta US Market ETF 25.2 29 41 6.0 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.2 20 50 5.3 -1.1
TPHD Timothy Plan High Dividend Stock ETF 25.1 52 18 7.7 +1.3
ESGU iShares MSCI USA ESG Optimized ETF 25.1 15 55 5.0 -1.3
MGC Vanguard Mega Cap Index Fund 25.0 7 63 5.2 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 25.0 12 58 7.4 +1.1
RWL Invesco S&P 500 Revenue ETF 25.0 39 31 7.2 +0.8
RSP Invesco S&P 500 Equal Weight ETF 24.9 20 50 6.7 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 24.7 30 40 5.0 -1.4
VV Vanguard Large-Cap Index Fund 24.7 4 66 5.2 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.7 7 63 5.1 -1.2
IUS Invesco Strategic US ETF 24.6 19 51 6.6 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 24.5 0 70 5.1 -1.2
PBUS Invesco PureBeta MSCI USA ETF 24.5 4 66 5.2 -1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.5 9 61 5.8 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 24.5 3 67 5.5 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.5 2 68 5.2 -1.1
DVY iShares Select Dividend ETF 24.4 39 31 9.6 +3.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.3 9 61 5.5 -0.9
SCHX Schwab U.S. Large-Cap ETF 24.3 3 67 5.2 -1.1
JKF iShares Morningstar Large Cap Value ETF 24.2 25 45 7.5 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 24.2 20 50 4.9 -1.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 24.1 20 50 7.0 +0.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 24.1 38 32 7.9 +1.6
SNPE Xtrackers S&P 500 ESG ETF 24.0 11 59 5.0 -1.3
SCHK Schwab 1000 Index ETF 24.0 5 65 5.2 -1.1
IWL iShares Russell Top 200 ETF 24.0 15 55 5.0 -1.4
VONE Vanguard Russell 1000 ETF 23.9 8 62 5.2 -1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 23.9 37 33 5.8 -0.6
IYY iShares Dow Jones U.S. ETF 23.9 20 50 5.1 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 23.8 12 58 5.2 -1.2
AFLG First Trust Active Factor Large Cap ETF 23.8 55 15 5.5 -0.9
IWB iShares Russell 1000 ETF 23.7 15 55 5.1 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 23.3 27 43 4.9 -1.4
SPXN ProShares S&P 500 Ex-Financials ETF 23.2 27 43 4.9 -1.5
SCHB Schwab U.S. Broad Market ETF 23.2 3 67 5.2 -1.2
VTHR Vanguard Russell 3000 Index Fund 23.2 10 60 5.1 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 23.2 3 67 5.1 -1.2
SPLV Invesco S&P 500 Low Volatility ETF 23.1 25 45 5.6 -0.7
IWV iShares Russell 3000 ETF 23.1 20 50 5.0 -1.3
VTI Vanguard Total Stock Market Index Fund 23.1 3 67 5.1 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.1 29 41 6.2 -0.2
FDRR Fidelity Dividend ETF for Rising Rates 23.0 29 41 6.9 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 22.8 29 41 5.1 -1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 22.7 10 60 5.2 -1.1
QDF FlexShares Quality Dividend Index Fund 22.6 37 33 6.1 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 22.6 10 60 5.2 -1.1
AVUS Avantis U.S. Equity ETF 22.6 15 55 5.7 -0.7

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 13.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.52
 
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.