ETF profile for FT Vest Silver Strategy & Target Income ETF (SLVY) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
SLVY ETF Profile
| Family: |
First Trust |
| Name: |
FT Vest Silver Strategy & Target Income ETF |
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| Inception Date: |
8-Jul-2026 |
| Termination Date: |
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| Investment Objective: |
The Fund seeks to deliver partial participation in the price returns of the iShares Silver Trust (the "Underlying ETF") while providing a consistent level of income through a portfolio substantially composed of options contracts, including FLexible EXchange options ("FLEX Options"), short-term U.S. Treasury securities and cash and cash equivalents. The Fund does not invest directly in the Underlying ETF or silver. Rather, the Fund will invest in options contracts that utilize the Underlying ETF as the reference asset in seeking to provide partial participation in the price returns of the Underlying ETF and in seeking to generate income. The Fund may also utilize options as part of a "box spread,", in seeking to generate income. Under normal market conditions, the Fund will invest at least 80% of its net assets in investments that provide exposure to silver or income-producing investments. Additionally, as a means to generate income, the Fund will employ a "partial covered call strategy" that seeks to sell call options having a strike price roughly equal to the value of theUnderlying ETF at the inception of the Fund and roughly equal to the value of theUnderlying ETF on each subsequent roll of the partial covered call strategy (such options are said to be "at-the-money"). |
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| Prospectus |
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| Top 10 Holdings |
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Top 10 Holdings Weight: |
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| Number of Holdings: |
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| Shares Outstanding: |
50,002 |
| Total Net Assets: |
841,534 |
| NAV: |
16.79 |
| Net Expense Ratio: |
0.85% |
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| Asset Class: |
Commodities & Metals |
| Developed or Emerging: |
Funds Combining Developed & Emerging Exposure |
| Country: |
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| Region: |
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| Strategy: |
Covered Call Strategy |
| Currency: |
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| Commodity: |
Gold / Metals |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Global |
