Continue to site >
Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.76

$324 M

11.79%

$2.45

0.75%

Vitals

YTD Return

11.2%

1 yr return

17.5%

3 Yr Avg Return

9.2%

5 Yr Avg Return

5.6%

Net Assets

$324 M

Holdings in Top 10

44.3%

52 WEEK LOW AND HIGH

$20.7
$18.24
$20.76

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.76

$324 M

11.79%

$2.45

0.75%

FTQI - Profile

Distributions

  • YTD Total Return 11.2%
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 11.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Nasdaq BuyWrite Income ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Jan 06, 2014
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Gambla

Fund Description

Under normal market conditions, 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 call options on the Nasdaq-100 Index®. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the components of the Nasdaq Composite Index. The Fund will employ an option strategy in which it will write U.S. exchange-traded 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. In exchange for the premiums received in connection with its written U.S. exchange-traded call options on the Nasdaq-100 Index®, the Fund forfeits any upside potential of the Nasdaq-100 Index® above the strike price of the written call options. It is expected that the Fund will distribute premiums to shareholders on a monthly basis. The premiums received from the sale of call options are expected to be the Fund’s primary source of income. Under normal market conditions, the Fund will seek to distribute the majority of the option premiums collected. The Fund does not target a specific income level, but seeks to provide investors with current income primarily from options premiums through writing calls with a notional value of 50-100% of the Fund’s assets.The equity securities in which the Fund will invest and the options which the Fund will write will be limited to U.S. exchange-traded securities and options. The equity securities held by the Fund will be selected by the portfolio managers based on a number of factors, including trading liquidity, market capitalization, price level, sector classification, and contribution to risk and return. The selected portfolio of equity securities will seek to provide a return reasonably correlated to the Nasdaq-100 Index® over the course of a full market cycle. The equity securities held by the Fund may include non-U.S. securities that are either directly listed on a U.S. securities exchange or in the form of depositary receipts. The constituents and individual security weighting of the equity portfolio will be actively managed by the portfolio managers in order to seek to achieve the investment objective and strategy described above. Depending on market volatility, the Fund may engage in active trading, which may result in turnover of the Fund’s portfolio greater than 100% annually. The Fund may invest in real estate investment trusts ("REITs") and securities with various market capitalizations. As of December 31, 2023, the Fund had significant investments in information technology companies, although this may change from time to time. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.The option portion of the portfolio will generally consist of U.S. exchange-traded calls on the Nasdaq-100 Index® that are written by the Fund. A call option will give the purchaser the right to buy the Nasdaq-100 Index® at a predetermined strike price (the price of the Nasdaq-100® Index at which the holder of the option may exercise his or her right to buy) from the Fund. The call options written by the Fund will have expirations of less than one year, and will be typically written at-the-money to out-of-the-money. An at-the-money call option has a strike price that is approximately equal to the price of the Nasdaq-100 Index® at the time the call option is sold. An out-of-the-money call option has a strike price that is greater than the price of the Nasdaq-100 Index® at the time the call option is sold. It is expected that the call options sold by the Fund will be cash settled. The call options written by the Fund will generally have a notional value of 50-100% of the Fund’s assets. In addition to selling call options on the Nasdaq-100 Index®, the Fund may both sell a call and buy calls with a higher strike price on the Nasdaq-100 Index® in order to retain some upside performance in certain market conditions. When the Fund buys a call option on the Nasdaq-100 Index®, the Fund will have the right to buy the Nasdaq-100 Index® at a predetermined strike price from the seller of the call. Any call options bought by the Fund will have expirations of less than one year, and will be typically bought at-the-money to out-of-the-money.
Read More

FTQI - Performance

Return Ranking - Trailing

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% N/A N/A N/A
1 Yr 17.5% N/A N/A N/A
3 Yr 9.2%* N/A N/A N/A
5 Yr 5.6%* N/A N/A N/A
10 Yr 5.3%* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% N/A N/A N/A
2022 -16.6% N/A N/A N/A
2021 7.1% N/A N/A N/A
2020 -9.6% N/A N/A N/A
2019 10.6% N/A N/A N/A

Total Return Ranking - Trailing

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% N/A N/A N/A
1 Yr 17.5% N/A N/A N/A
3 Yr 9.2%* N/A N/A N/A
5 Yr 5.6%* N/A N/A N/A
10 Yr 5.3%* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
2023 23.6% N/A N/A N/A
2022 -8.8% N/A N/A N/A
2021 10.4% N/A N/A N/A
2020 -6.6% N/A N/A N/A
2019 14.0% N/A N/A N/A

FTQI - Holdings

Concentration Analysis

FTQI Category Low Category High FTQI % Rank
Net Assets 324 M N/A N/A N/A
Number of Holdings 190 N/A N/A N/A
Net Assets in Top 10 114 M N/A N/A N/A
Weighting of Top 10 44.27% N/A N/A N/A

Top 10 Holdings

  1. Microsoft Corp 8.48%
  2. Apple Inc 7.27%
  3. Dreyfus Government Cash Management 5.42%
  4. NVIDIA Corp 4.60%
  5. Amazon.com Inc 4.03%
  6. Broadcom Inc 3.93%
  7. Meta Platforms Inc 3.84%
  8. Costco Wholesale Corp 2.51%
  9. Advanced Micro Devices Inc 2.09%
  10. Alphabet Inc 2.09%

Asset Allocation

Weighting Return Low Return High FTQI % Rank
Stocks
96.10% N/A N/A N/A
Cash
5.52% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A
Other
-1.61% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FTQI % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FTQI % Rank
US
96.10% N/A N/A N/A
Non US
0.00% N/A N/A N/A

FTQI - Expenses

Operational Fees

FTQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% N/A N/A N/A
Management Fee 0.75% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FTQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FTQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FTQI - Distributions

Dividend Yield Analysis

FTQI Category Low Category High FTQI % Rank
Dividend Yield 11.79% N/A N/A N/A

Dividend Distribution Analysis

FTQI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

FTQI Category Low Category High FTQI % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FTQI Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

FTQI - Fund Manager Analysis

Managers

John Gambla


Start Date

Tenure

Tenure Rank

Jan 06, 2014

8.4

8.4%

John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.

Rob Guttschow


Start Date

Tenure

Tenure Rank

Jan 06, 2014

8.4

8.4%

Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A