Basic Fund Data
Fund Provider:	First Trust Advisors
Asset Class:	Equity
Fund Category:	U.S. Broad Market Value
Ticker:	FVD
Expense Ratio:	0.70%
Fund Category Expense Ratio Average:	0.50%
Options:	No
Fund Inception Date:	08-19-2003
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	Value Line Dividend Index
Index Provider:	Value Line
No of Index Holdings:	100-500
Explanation of Index Strategy
Security Selection Category:	Quantitative
Security Selection Method:	Dividend Pay
Security Selection Frequency:	Monthly
Index Weighting Category:	Fixed Weight
Index Weighting Method:	Modified
Index Weighting Frequency:	Monthly

Market Price Return
1-Year:	7.07%
3-Year annualized:	-5.68%
5-Year annualized:	2.3%
10-Year annualized:
Annual Performance History
2009:	10.68
2008:	-24.17
2007:	-3.4%
2006:	20.21%
2005:	7.09%
2004:	19%
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$143.2
P/E Ratio:	15
P/B Ratio:	2.08
Median Market Cap:	$13235.7
12-month yield:	3.3%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	0.03
Beta:	0.86
Standard Deviation:	5.12
Sharpe Ratio:	-0.47
Data as of 10/31/09

Index Snapshot:

The First Trust Value Line Dividend Index Fund (Ticker: FVD) seeks investment results that correspond generally to the performance, before fees and expenses, of the Value Line Dividend Index. The index is a modified equal-dollar weighted index comprised of U.S. companies that pay above-average dividends and have potential for capital appreciation. 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.