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Name

As of 06/01/2026

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

First Trust Nasdaq BuyWrite Income ETF

FTQI | Active ETF

$21.85

$815 M

10.93%

$2.39

0.75%

Vitals

YTD Return

10.2%

1 yr return

27.9%

3 Yr Avg Return

17.7%

5 Yr Avg Return

11.2%

Net Assets

$815 M

Holdings in Top 10

41.7%

52 WEEK LOW AND HIGH

$21.9
$19.21
$21.93

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 06/01/2026

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

First Trust Nasdaq BuyWrite Income ETF

FTQI | Active ETF

$21.85

$815 M

10.93%

$2.39

0.75%

FTQI - Profile

Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return 17.7%
  • 5 Yr Annualized Total Return 11.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 10.9%
  • 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

span style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"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 a buy-write “option strategy” consisting of writing (selling) U.S. exchange-traded call options on the Nasdaq-100 Index/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;". Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"borrowings for investment purposes) in the components of the Nasdaq Composite/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;" Index. The Fund will employ an option /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"strategy in which it will write U.S. exchange-traded call options on the Nasdaq-100 Index/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;" in order to seek additional cash /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"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/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;", the Fund forfeits any upside potential of the Nasdaq-100 Index/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;" above the strike price of the written /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"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. 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 /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;"a notional value of 50-100% of the Fund’s assets. /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"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. /spanspan style="font-family:Arial;font-size:9.00pt;"However, at certain times, certain of the securities held by the Fund may not trade /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"on an exchange for a period of time due to a corporate action or other unforeseen event./spanspan style="font-family:Arial;font-size:9.00pt;" The equity securities held by the /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"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/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" over the course of a full market cycle. The equity securities /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"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. /spanspan style="font-family:Arial;font-size:9.00pt;"The Fund may invest in real estate investment trusts (/spanspan style="font-family:Arial;font-size:9.00pt;font-style:italic;""REITs"/spanspan style="font-family:Arial;font-size:9.00pt;") and securities with various market capitalizations. /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"The option portion of the portfolio will generally consist of U.S. exchange-traded calls on the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" that are /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"written by the Fund. The call options that the Fund will write (sell) on the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" will technically be “uncovered.” /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"A written (sold) call option is “covered” when an investor (such as the Fund) owns the security serving as the reference asset for the call option and is “uncovered” when an investor (such as the Fund) does not own the security serving as the reference asset. While the potential losses on uncovered call options are theoretically unlimited, the Fund may hold individual stocks comprising the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" that will serve to hedge the risk associated with the Fund’s sale of options referencing /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;". A call option will give the purchaser the right to buy the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" at a predetermined /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"strike price (the price of the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" at which the holder of the option may exercise his or her right to buy) from /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"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/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" at the time the call option is sold. An out-of-the-money call option has a strike price that is greater /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"than the price of the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" at the time the call option is sold. It is expected that the call options sold by the /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"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/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;", the Fund may both sell a call and buy offsetting calls with /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"a higher strike price on the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" in order to retain some upside performance in certain market conditions. When /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"the Fund buys a call option on the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;", the Fund will have the right to buy the Nasdaq-100 Index/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-2.75pt;"®/spanspan style="font-family:Arial;font-size:9.00pt;" at a /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"predetermined strike price from the seller of the call. Any call options bought by the Fund will have expirations of less than /spanspan style="font-family:Arial;font-size:9.00pt;"one year, and will be typically bought at-the-money to out-of-the-money. /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"As of March 31, 2026, the Fund had significant investments in information technology companies, although this may change from time to time./spanspan style="font-family:Arial;font-size:9.00pt;" 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./span
Read More

FTQI - Performance

Return Ranking - Trailing

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% N/A N/A N/A
1 Yr 27.9% N/A N/A N/A
3 Yr 17.7%* N/A N/A N/A
5 Yr 11.2%* N/A N/A N/A
10 Yr 8.2%* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
2025 0.0% N/A N/A N/A
2024 5.0% N/A N/A N/A
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

Total Return Ranking - Trailing

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% N/A N/A N/A
1 Yr 27.9% N/A N/A N/A
3 Yr 17.7%* N/A N/A N/A
5 Yr 11.2%* N/A N/A N/A
10 Yr 8.2%* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FTQI Return Category Return Low Category Return High Rank in Category (%)
2025 12.7% N/A N/A N/A
2024 20.6% N/A N/A N/A
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

FTQI - Holdings

Concentration Analysis

FTQI Category Low Category High FTQI % Rank
Net Assets 815 M N/A N/A N/A
Number of Holdings 209 N/A N/A N/A
Net Assets in Top 10 323 M N/A N/A N/A
Weighting of Top 10 41.67% N/A N/A N/A

Top 10 Holdings

  1. Apple Inc. COM 7.75%
  2. NVIDIA Corp. COM 7.53%
  3. Amazon.com, Inc. COM 4.07%
  4. Dreyfus Government Cash Management Funds SH BEN INT 4.06%
  5. Advanced Micro Devices Inc. COM 3.56%
  6. Costco Wholesale Corporation COM 3.34%
  7. Tesla Inc COM 3.23%
  8. Broadcom Inc COM 2.92%
  9. Cisco Systems, Inc. COM 2.62%
  10. Netflix, Inc. COM 2.59%

Asset Allocation

Weighting Return Low Return High FTQI % Rank
Stocks 		96.33% N/A N/A N/A
Cash 		4.11% 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 		-0.44% 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 		96.33% 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 10.93% 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

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