Family: | First Trust |
Name: | First Trust Nasdaq BuyWrite Income ETF |
Inception Date: | 7-Jan-2014 |
Termination Date: | |
Investment Objective: | The Fund's investment objective is to provide current income. The Fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Nasdaq-100 Index. The Fund will employ an option strategy in which it will write U.S. exchange-traded covered call options on the Nasdaq-100 Index in order to seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party and may be distributed to shareholders on a monthly basis. |
Prospectus | |
Top 10 Holdings | ||
Apple Inc. | AAPL | 8.3243% |
Microsoft Corporation | MSFT | 6.6932% |
NVIDIA Corporation | NVDA | 6.6220% |
Meta Platforms Inc. (Class A) | META | 4.4329% |
Amazon.com Inc. | AMZN | 4.1119% |
Broadcom Inc. | AVGO | 3.6322% |
Costco Wholesale Corporation | COST | 3.0612% |
Tesla Inc. | TSLA | 2.9895% |
Netflix Inc. | NFLX | 2.9616% |
T-Mobile US Inc. | TMUS | 2.0861% |
Top 10 Holdings Weight: | 44.9% |
Number of Holdings: | 203 |
Shares Outstanding: | 29,600,002 |
Total Net Assets: | 589,336,100 |
NAV: | 19.88 |
Net Expense Ratio: | 0.75% |
Asset Class: | Equities (Stocks) |
Developed or Emerging: | Developed Market Funds |
Country: | US |
Region: | |
Strategy: | Covered Call Strategy |
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Market Cap: | Large Cap |
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Is Currency Hedged: | No |
US or Ex-US: | Domestic |