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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.75% 0.02% 10.33M 3703.23
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
0.27% 194.0% 6.992M Upgrade

Basic Info

Investment Strategy
The Fund seeks to provide investors with current income with a secondary objective of providing capital appreciation. The Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities intended to track the Underlying Index, and by utilizing an option strategy.
General
Security Type Exchange-Traded Fund
Broad Asset Class Nontraditional Equity
Broad Category Alternative Strategies
Global Peer Group Alternative Relative Value
Peer Group Options Arbitrage/Opt Strategies Funds
Global Macro Liquid Alternatives
US Macro Equity Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Options Arbitrage/Opt Strategies Funds
Fund Owner Firm Name First Trust
Broad Asset Class Benchmark Index
^SPXTR 100.0%

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Performance Versus Peer Group

 
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15%
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Peer Group Rtn. (NAV)
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% Rank in Peer Group (NAV)
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
25.02%
18.77%
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-18.49%
11.71%
14.69%
1.64%
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15.09%
-9.77%
13.98%
-6.56%
10.43%
-8.78%
23.61%
18.27%
13.03%
As of December 12, 2025.

Asset Allocation

As of November 30, 2025.
Type % Net
Cash 0.87%
Stock 100.1%
Bond 0.00%
Convertible 0.00%
Preferred 0.00%
Other -0.93%
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Basic Info

Investment Strategy
The Fund seeks to provide investors with current income with a secondary objective of providing capital appreciation. The Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities intended to track the Underlying Index, and by utilizing an option strategy.
General
Security Type Exchange-Traded Fund
Broad Asset Class Nontraditional Equity
Broad Category Alternative Strategies
Global Peer Group Alternative Relative Value
Peer Group Options Arbitrage/Opt Strategies Funds
Global Macro Liquid Alternatives
US Macro Equity Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Options Arbitrage/Opt Strategies Funds
Fund Owner Firm Name First Trust
Broad Asset Class Benchmark Index
^SPXTR 100.0%

View Basic Info
Start Trial

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