Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.75% 0.18% 565.02M 173537.7
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
8.46% 98.00% 353.08M Upgrade

Basic Info

Investment Strategy
The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives 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 Standard & Poor's 500® Index (the "index"). The call options written by the fund will be a laddered portfolio of call options with expirations of less than one year, written at-the-money to slightly out-of-the-money.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Blend
Fixed Income Style --
Broad Asset Class Nontraditional Equity
Broad Category Equity
Category Name Derivative Income
Category Index CBOE S&P 500 BuyWrite BXM PR USD
Global Category Name Equity Miscellaneous
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
CBOE S&P 500 BuyWrite BXM PR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
John Gambla 10.24 yrs
Rob Guttschow 10.24 yrs

Performance Versus Category

 
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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 15, 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
14.40%
-9.70%
18.13%
-7.13%
13.93%
-4.36%
20.71%
5.26%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
6.56%
33.77%
-8.55%
16.98%
-6.62%
24.72%
-6.07%
-2.14%
-0.89%
27.73%
-8.60%
30.46%
8.01%
34.25%
-13.13%
18.47%
-0.69%
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As of April 15, 2024.

Asset Allocation

As of April 11, 2024.
Type % Net % Long % Short
Cash 4.12% Upgrade Upgrade
Stock 95.88% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives 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 Standard & Poor's 500® Index (the "index"). The call options written by the fund will be a laddered portfolio of call options with expirations of less than one year, written at-the-money to slightly out-of-the-money.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Blend
Fixed Income Style --
Broad Asset Class Nontraditional Equity
Broad Category Equity
Category Name Derivative Income
Category Index CBOE S&P 500 BuyWrite BXM PR USD
Global Category Name Equity Miscellaneous
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
CBOE S&P 500 BuyWrite BXM PR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
John Gambla 10.24 yrs
Rob Guttschow 10.24 yrs

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