Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.75% -0.02% 30.31M 11122.03
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
9.40% 198.0% 26.84M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide current income with a secondary objective of providing capital appreciation. Under normal market conditions, the fund will pursue its objective by investing primarily in common stocks, exchange-traded options (including FLexible EXchange options ("FLEX Options")) and short-term U.S. Treasury securities. The fund seeks to provide exposure to a concentrated portfolio of large-capitalization U.S. equity securities while providing a consistent level of income that is approximately 8% (before fees and expenses) above the annualized yield of the Dow Jones Industrial Average (“DJIA”). The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Large Value
Category Index --
Global Category Name US Equity Large Cap Value
YCharts Categorization US Large Cap Value
YCharts Benchmark Russell 1000 Value Total Return (^RLVTR)
Prospectus Objective Growth
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
N/A 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Howard Rubin 0.93 yrs
Karan Sood 0.93 yrs

Performance Versus Category

 
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5%
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View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 30, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
--
--
--
--
--
-2.77%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
6.04%
--
--
--
--
--
--
9.29%
4.72%
--
--
--
--
12.49%
-1.00%
4.62%
4.51%
--
--
--
--
--
--
--
3.19%
12.20%
-8.77%
21.65%
-4.21%
24.00%
-7.01%
14.46%
4.90%
As of April 30, 2024.

Asset Allocation

As of April 25, 2024.
Type % Net % Long % Short
Cash 2.78% Upgrade Upgrade
Stock 47.58% Upgrade Upgrade
Bond 49.64% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to provide current income with a secondary objective of providing capital appreciation. Under normal market conditions, the fund will pursue its objective by investing primarily in common stocks, exchange-traded options (including FLexible EXchange options ("FLEX Options")) and short-term U.S. Treasury securities. The fund seeks to provide exposure to a concentrated portfolio of large-capitalization U.S. equity securities while providing a consistent level of income that is approximately 8% (before fees and expenses) above the annualized yield of the Dow Jones Industrial Average (“DJIA”). The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Large Value
Category Index --
Global Category Name US Equity Large Cap Value
YCharts Categorization US Large Cap Value
YCharts Benchmark Russell 1000 Value Total Return (^RLVTR)
Prospectus Objective Growth
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
N/A 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Howard Rubin 0.93 yrs
Karan Sood 0.93 yrs

Top Portfolio Holders

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