Family: | First Trust |
Name: | First Trust BuyWrite Income ETF |
Inception Date: | 7-Jan-2014 |
Termination Date: | |
Investment Objective: | The Funds primary investment objective is to provide current income. The Funds secondary investment objective is to provide capital appreciation. The Fund will pursue its objectives by investing in equity securities listed on U.S. exchanges of all market capitalizations and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poors 500 Index (the "Index"). Under normal market conditions, the Fund invests primarily in equity securities listed on U.S. exchanges of all market capitalizations. The Fund will also employ an option strategy in which it will write U.S. exchange-traded covered call options on the Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. A premium is the income received by an investor who sells or writes an option contract to another party. The market value of the option strategy may be up to 20% of the Funds overall net asset value. |
Prospectus | |
Top 10 Holdings | ||
Microsoft Corporation | MSFT | 6.1832% |
Apple Inc. | AAPL | 6.0060% |
NVIDIA Corporation | NVDA | 5.3341% |
Amazon.com Inc. | AMZN | 4.0493% |
Meta Platforms Inc. (Class A) | META | 3.0018% |
Johnson & Johnson | JNJ | 2.1919% |
Alphabet Inc. (Class A) | GOOGL | 2.0583% |
Alphabet Inc. (Class C) | GOOG | 1.9236% |
Berkshire Hathaway Inc. (Class B) | BRK.B | 1.9159% |
Broadcom Inc. | AVGO | 1.8736% |
Top 10 Holdings Weight: | 34.5% |
Number of Holdings: | 177 |
Shares Outstanding: | 55,724,201 |
Total Net Assets: | 1,269,955,000 |
NAV: | 22.78 |
Net Expense Ratio: | 0.75% |
Asset Class: | Equities (Stocks) |
Developed or Emerging: | Developed Market Funds |
Country: | US |
Region: | |
Strategy: | Covered Call Strategy |
Currency: | |
Commodity: | |
Sector: | |
Industry: | |
Dividend Type: | |
Tax Exempt State: | |
Maturity Duration: | |
Market Cap: | Large Cap |
Credit Quality: | |
Mortgage Bond Types: | |
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Leverage Direction/Factor: | |
Is Currency Hedged: | No |
US or Ex-US: | Domestic |