Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.85% 0.06% 181.36M 54353.73
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
8.65% 90.00% 131.50M 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
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 9.32 yrs
Rob Guttschow 9.32 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
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 May 26, 2023. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2016
2017
2018
2019
2020
2021
2022
YTD
11.02%
14.40%
-9.70%
18.13%
-7.13%
13.93%
-4.36%
9.74%
11.96%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
10.29%
7.29%
9.52%
-12.72%
32.42%
0.51%
23.68%
-16.58%
2.34%
14.88%
27.91%
-13.36%
25.32%
-0.10%
28.99%
-6.89%
-3.42%
10.00%
28.93%
-13.86%
43.42%
10.94%
28.70%
-20.21%
9.65%
12.31%
33.77%
-8.55%
16.98%
-6.62%
24.72%
-6.07%
-6.23%
As of May 26, 2023.

Asset Allocation

As of May 26, 2023.
Type % Net % Long % Short
Cash -1.63% Upgrade Upgrade
Stock 101.6% 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
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 9.32 yrs
Rob Guttschow 9.32 yrs

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