The ETF’s dividend index was designed by investment research firm Value Line. [Dividend ETF Dynamo]
FVD was paying a 30-day SEC yield of 2.68% at the end of August. The fund charges a net expense ratio of 0.70%.
The ETF has managed to outperform the S&P 500 over the past decade with lower volatility. FVD has a 10-year standard deviation of 12.83 versus 14.68 for the S&P 500, according to Morningstar. [ETF Focus: First Trust Value Line Dividend]
First Trust Value Line Dividend Index Fund
