Price Chart

Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.85% 1.43% 9.868M --
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
3.01% 207.0% 4.227M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide current income. The fund will pursue its objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500® Index (the "index") and writing (selling) U.S. exchange-traded covered call options on 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. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Options Trading
Category Index Morningstar Mod Con Tgt Risk TR USD
Prospectus Objective Income
Fund Owner Firm Name First Trust
Prospectus Benchmark Index
CBOE S&P 500 95-110 Collar 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
John Gambla 7.74 yrs
Rob Guttschow 7.74 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 58
4.227M
-382.32M Category Low
5.317B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2021

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)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
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Category Rtn. (NAV)
--
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% Rank in Cat (NAV)
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As of October 27, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
--
0.26%
10.38%
12.46%
-9.77%
13.98%
-6.56%
11.48%
4.16%
-2.36%
7.86%
23.97%
-9.41%
26.60%
16.25%
16.23%
4.29%
19.81%
1.87%
19.72%
-9.08%
22.20%
1.45%
20.92%
0.29%
-6.24%
4.64%
-4.63%
-2.93%
-1.86%
-10.28%
2.78%
--
--
--
--
4.64%
5.89%
4.05%
5.56%
--
--
--
--
--
--
18.62%
8.61%
As of October 27, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-27-21) 3.01%
30-Day SEC Yield (9-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 14.41
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 26, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 26, 2021

Asset Allocation

As of October 26, 2021.
Type % Net % Long % Short
Cash 1.33% Upgrade Upgrade
Stock 98.67% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Apple Inc 4.50% 148.85 -0.31%
Microsoft Corp 4.22% 323.17 4.21%
PNC Financial Services Group Inc 2.79% 212.91 -1.46%
Amazon.com Inc 2.66% 3392.49 0.49%
General Electric Co 2.27% 103.85 -3.34%
M&T Bank Corp 2.06% 149.11 -4.04%
U.S. Bancorp 1.86% 60.28 -3.46%
Lumen Technologies Inc Ordinary Shares 1.62% 11.85 -2.31%
Alphabet Inc Class C 1.58% 2928.55 4.84%
Alphabet Inc Class A 1.58% 2924.35 4.96%

Basic Info

Investment Strategy
The investment seeks to provide current income. The fund will pursue its objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500® Index (the "index") and writing (selling) U.S. exchange-traded covered call options on 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. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Options Trading
Category Index Morningstar Mod Con Tgt Risk TR USD
Prospectus Objective Income
Fund Owner Firm Name First Trust
Prospectus Benchmark Index
CBOE S&P 500 95-110 Collar 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
John Gambla 7.74 yrs
Rob Guttschow 7.74 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-27-21) 3.01%
30-Day SEC Yield (9-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 14.41
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 26, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 26, 2021

Fund Details

Key Dates
Inception Date 1/6/2014
Last Annual Report Date 9/30/2020
Last Prospectus Date 2/1/2021
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No