Key stats
About FIRST TRUST VALUE LINE DIV IDX ETF COMMON UNITS
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Inception date
May 15, 2013
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Return of Capital
Primary advisor
FT Portfolios Canada Co.
Distributor
FT Portfolios Canada Co.
The fund seeks to deliver better-than-average dividend yields via an equal-weighted portfolio of dividend-paying stocks. It builds this portfolio in two steps: first, it uses Value Line's proprietary 'safety rating' system to select low-beta stocks from companies with strong balance sheets, and then it chooses the stocks with above-average yields and weights them equally. Excluded companies are those with more risky ranking, less than $1 billion in market cap, and lower average dividend yield compared to that of the S&P 500. FUDs equal-weighted approach results in a pronounced midcap tilt compared to its high-yield benchmark. The Index is rebalanced and reconstituted monthly.
Classification
What's in the fund
Exposure type
Utilities
Consumer Non-Durables
Finance
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.