FVD - FVD: Expensive Utilities-Heavy Fund

• FVD's investment mandate is to track the Value Line® Dividend Index.
• FVD is an international equity mix tilted towards U.S. heavyweight dividend payers. Despite monthly rebalancing and reconstitutions, the fund remains permanently overweight in both large- and mid-cap utilities.
• Dividends are just a by-product of its strategy. The standardized yield is 1.8%.
• FVD has a lower standard deviation if compared to IVV but a deeper 3-year max drawdown.
• Investors shunning high turnover, high expenses (0.7%), and not fully transparent scoring processes should consider funds other than FVD.

For further details see: