First Trust Value Line® Dividend Index Fund

Shareclass

First Trust Value Line® Dividend ETF (FVD)

Type

Exchange-traded fund

Manager

First Trust

Investments in major fossil fuel companies

Top 50 coal-fired power

$40.45 MILLION

Top 200 carbon reserves

$40.1 MILLION

Top 200 carbon reserves

$39.85 MILLION

Evergy Inc

Top 50 coal-fired power

$39.79 MILLION

Top 50 coal-fired power

$39.39 MILLION

Top 200 carbon reserves

$39.32 MILLION

Fossil fuel holdings

Energy sector

Top 200 owners of carbon reserves

Carbon Underground 200

holdings

$272.52M

invested

3.04%

of portfolio

Coal industry

Coal miners, coal services, owners of coal reserves

holdings

$626.71M

invested

6.98%

of portfolio

Oil/gas industry

Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators

holdings

$979.31M

invested

11%

of portfolio

Utility sector

Top 50 coal-fired utilities

Macroclimate 50

holdings

$157.89M

invested

1.76%

of portfolio

Fossil-fired utilities

Utilities burning fossil fuels or distributing gas

holdings

$1.52B

invested

17%

of portfolio

When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.

All fossil fuel companies

48 holdings

1. Public Service Enterprise Group Inc
$41.28M
0.46%
2. American Electric Power Co Inc
$40.45M
0.45%
3. Entergy Corp
$40.32M
0.45%
4. CenterPoint Energy Inc
$40.26M
0.45%
5. CSX Corp
$40.14M
0.45%

See all

See the impact of your investments

Regular updates on sustainability risks and ethical concerns in everyday investment products

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

First Trust Value Line® Dividend Index Fund FVD

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on FVD at Morningstar.com

Current fund

FVD

First Trust Value Line® Dividend Index Fund

Family

First Trust

Category

Large Value

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: S&P 500

Fund comparison results

Compared to the benchmark, this fund has:

Lower

10-yr returns

-4.73% less in annualized returns

More invested in fossil fuels

13% more invested

Lower fossil finance risk score

11 points lower

Lower fossil insurance risk score

10 points lower

Less invested in Clean200

18.69% less invested

Current fund

FVD

First Trust Value Line® Dividend Index Fund

Family

First Trust

Category

Large Value

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: S&P 500

Fund comparison results

Compared to the benchmark, this fund has:

Lower

10-yr returns

-4.73% less in annualized returns

More invested in fossil fuels

13% more invested

Lower fossil finance risk score

11 points lower

Lower fossil insurance risk score

10 points lower

Less invested in Clean200

18.69% less invested

Current fund

FVD

First Trust Value Line® Dividend Index Fund

Family

First Trust

Category

Large Value

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: S&P 500

Fund comparison results

Compared to the benchmark, this fund has:

Lower

10-yr returns

-4.73% less in annualized returns

More invested in fossil fuels

13% more invested

Lower fossil finance risk score

11 points lower

Lower fossil insurance risk score

10 points lower

Less invested in Clean200

18.69% less invested

Month-end trailing returns

Performance as of date: 7/31/25

Morningstar suggested benchmark: S&P 500 TR USD

Annualized returns

Climate analysis

1-yr

3-yr

5-yr

10-yr

This fund
FVD - First Trust Value Line® Dividend Index Fund

6.22%

5.87%

9.72%

8.89%

21%

Benchmark

16%

17%

16%

14%

7.91%

Fund compared to benchmark

-10.08%

-11.21%

-6.13%

-4.73%

13% higher

Find more financial data on FVD at Morningstar.com

What's next?

Learn how to make a change and move your money

Get started with our action toolkit

Action toolkit

What to do if your insurance company is supporting fossil fuels

Jul 23, 2025

Extreme weather events are putting serious strain on insurance companies. But primary insurers and reinsurers continue to underwrite and invest in fossil fuels, even as they face dramatic losses associated with catastrophic weather-related events, driven by the high-carbon industries they support.

Investing in a Peaceful Future – VIDEO

Jul 14, 2025

This video explores how your retirement savings might be financing arms manufacturers making nuclear missiles, cluster bombs, and other controversial military weapons used in wars and armed conflicts all over the world. In less than 4 minutes, Grant Bradski walks you through As You Sow’s Weapon Free Funds tool.

Google’s fossil free fund option, by the numbers

Jun 24, 2025

When the Google 401(k) added a fossil-free fund, it didn’t just give employees a climate-conscious sustainable investment option with comparable returns. It gave employees a way to directly reduce their fossil fuel investments, as well as their financed emissions.

Bankrolling Bombs

May 22, 2025

How Your 401(k) Funds the War Machine and What You Can Do About It

The Humanitarian Impacts and Investment Risks of Conventional Weapons

Apr 5, 2025

Conventional weapons cause immense human suffering, particularly when they are used with excessive force or indiscriminately against civilians, in violation of international human rights law.

The Ethical and Financial Risks of Investing in Controversial Weapons

Mar 12, 2025

Many military weapons are considered controversial weapons due to the indiscriminate harm they cause to civilians, violating international humanitarian principles. Investing in controversial weapons makers doesn’t just threaten global peace – it also threatens your savings.

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Fossil fuel companiesare fueling the climate crisis.

See the impact of your investments

Regular updates on sustainability risks and ethical concerns in everyday investment products

Environment

Social

Disclaimer: As You Sow is not an investment adviser