First Trust Value Line Dividend

Description:

The first closed-end fund to be turned into an ETF.

* The index begins with the universe of stocks that Value Line® gives a Safety™ Ranking of #1 or #2 using the Value Line® Safety™ 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.

3 year annualized return is 16.56% versus 12.11% for the S&P 500

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