First Trust Value Line Dividend Index Fund seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Value Line Dividend Index. 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.
