First Trust Value Line Dividend Index Fund (FVD)

First Trust Value Line Dividend Index Fund (FVD) is an exchange-traded fund in the Mid Cap Value category. It has $8.04B in assets, an expense ratio of 0.62% and a 2.32% dividend yield. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index seeks to measure the performance of the securities ranked #1 or #2 according to the index provider's proprietary Value Line® Safety™ Ranking System (the "Safety Ranking System") that are also still expected to provide above-average dividend yield.