Key stats
About First Trust Nasdaq BuyWrite Income ETF
Expense ratio
0.75%
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Inception date
Jan 6, 2014
FTQI is an actively-managed fund that targets US stocks, overlaid by a call options strategy. The fund manager selects constituents based on several factors including trading liquidity, market-cap, price level, sector classification, and contribution to risk and return. To generate additional cash flow, the fund writes calls on the Nasdaq-100 seeking a notional value of 50-100% of the funds assets. The fund appears to be primarily model-driven in its portfolio selection, but the active management wrapper allows the fund manager to take advantage of market anomalies during periods of high volatility. Prior to May 11, 2022, the fund traded under the ticker FTLB, and was known as the First Trust Hedged BuyWrite Income ETF that imposes an option strategy consisting of both buying put and writing call options on the S&P 500.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stocks98.35%
Electronic Technology27.50%
Technology Services26.50%
Retail Trade8.67%
Finance7.69%
Health Technology6.92%
Consumer Durables4.54%
Consumer Non-Durables2.08%
Utilities2.03%
Industrial Services1.65%
Communications1.57%
Producer Manufacturing1.36%
Process Industries1.19%
Energy Minerals1.18%
Transportation1.11%
Commercial Services1.03%
Consumer Services0.65%
Non-Energy Minerals0.62%
Distribution Services0.48%
Health Services0.27%
Bonds, Cash & Other1.65%
Cash2.99%
Rights & Warrants−1.34%
Stock breakdown by region
North America99.85%
Europe0.15%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history