First Trust Value Line? Dividend Index Fund (FVD)

First Trust Value Line Dividend Index Fund is a closed-end, diversified, management investment company incorporated in the USA. The objective of the fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line Dividend Index. The index begins with the universe of stocks that Value Line gives a SafetyTM Ranking of 1 or 2 using the Value Line SafetyTM Ranking System. All registered investment companies, limited partnerships and foreign securities not listed in the U.S. are removed from this universe. From those stocks, Value Line selects those companies with a higher than average dividend yield, as compared to the indicated dividend yield of the Standard & Poor's 500 Composite Stock Price Index. Value Line then eliminates those companies with an equity market capitalization of less than $1 billion. The index seeks to be equally weighted in each of the securities in the index. The index is rebalanced on the application of the above model on a monthly basis. (Source: www.ftportfolios.com) [read more]

Last Trade: $20.21 Trade Time: 05/22/2013 Prev Close: $20.21 Open: $0.00 High: $0.00 Low: $0.00 Volume: 0 Optionable: No

Yield: 2.492 Annual Dividend: 0.504 Dividend Freq: Quarterly Leverage: No Inverse: No Expense Ratio: 0.700 Inception Date: