Key stats
About First Trust Nasdaq BuyWrite Income ETF
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Inception date
Jan 6, 2014
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
FTQI is an actively-managed fund that targets US stocks, overlaid by a call options strategy. The fund manager selects constituents based on several factors including trading liquidity, market-cap, price level, sector classification, and contribution to risk and return. To generate additional cash flow, the fund writes calls on the Nasdaq-100 seeking a notional value of 50-100% of the funds assets. The fund appears to be primarily model-driven in its portfolio selection, but the active management wrapper allows the fund manager to take advantage of market anomalies during periods of high volatility. Prior to May 11, 2022, the fund traded under the ticker FTLB, and was known as the First Trust Hedged BuyWrite Income ETF that imposes an option strategy consisting of both buying put and writing call options on the S&P 500.
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
Electronic Technology
Technology Services
Stocks96.82%
Electronic Technology26.75%
Technology Services25.88%
Retail Trade9.85%
Finance7.84%
Health Technology6.83%
Consumer Durables3.66%
Consumer Non-Durables3.58%
Communications2.10%
Producer Manufacturing1.97%
Utilities1.78%
Industrial Services1.44%
Process Industries1.43%
Commercial Services0.96%
Energy Minerals0.77%
Transportation0.67%
Consumer Services0.38%
Health Services0.24%
Non-Energy Minerals0.20%
Bonds, Cash & Other3.18%
Cash3.66%
Rights & Warrants−0.48%
Stock breakdown by region
North America94.17%
Europe4.03%
Middle East1.68%
Asia0.12%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history