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About FT Vest Gold Strategy Target Income ETF
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Inception date
Mar 2, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
IGLD uses FLEX options, short-term treasuries and cash-like investments to participate in the price performance of the SPDR Gold Trust ETF (GLD). The fund aims to provide consistent income, on an annual basis of about 3.85% above yields of one-month T-bills. For tax purposes, IGLD does not hold the FLEX options or gold directly but gets its exposure through a wholly-owned Cayman Island subsidiary. The fund participates in the gains of GLD on about 50-100% basis by purchasing call options. IGLD utilizes a partial covered call strategy wherein a portion of the upside price return of GLD is converted into current income. To implement this strategy, IGLD will sell call options with an expiration date less than or equal to one month in the future. While the fund provides additional income through FLEX options, it does not provide buffers for losses, it fully participates in GLDs losses on a one-to-one basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government77.69%
Mutual fund21.85%
Cash0.45%
Miscellaneous−0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IGLD last dividends amounted to 0.13 USD. The month before, the issuer paid 0.13 USD in dividends, which shows a 0.23% decrease.
IGLD assets under management is 216.75 M USD. It's risen 15.49% over the last month.
IGLD fund flows account for 110.21 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IGLD pays dividends to its holders with the dividend yield of 17.48%. The last dividend (Jun 3, 2025) amounted to 0.13 USD. The dividends are paid monthly.
IGLD shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Mar 2, 2021, and its management style is Active.
IGLD expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
IGLD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IGLD invests in bonds.
IGLD price has risen by 6.08% over the last month, and its yearly performance shows a 12.57% increase. See more dynamics on IGLD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.45% over the last month, showed a 11.65% increase in three-month performance and has increased by 32.31% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.45% over the last month, showed a 11.65% increase in three-month performance and has increased by 32.31% in a year.
IGLD trades at a premium (0.46%) meaning the ETF is trading at a higher price than the calculated NAV.