First Trust Exchange-Traded Fund IV FT Vest 20+ Year Treasury & Target Income ETF
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About First Trust Exchange-Traded Fund IV FT Vest 20+ Year Treasury & Target Income ETF
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Inception date
Feb 12, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
LTTI is an actively managed fund that seeks current income and capital appreciation by combining synthetic long positions in the iShares 20+ Year Treasury Bond ETF (ticker: TLT) with a partial call writing strategy. The synthetic exposure to the underlying ETF is achieved by utilizing FLEX options with up to one-year expirations and purchasing a laddered portfolio of short-term US Treasurys. The fund also sells weekly, at-the-money FLEX call options on the underlying ETF. LTTI seeks to provide distributions at an annual rate of about 5% higher than TLT's, through income generated from US Treasurys and option premiums. In exchange for premiums earned from selling call options, the fund forfeits any gains above the options strike price when TLT's price appreciates. The fund is expected to perform best in relatively stable markets, where premium income is consistent and bond prices don't decline sharply. However, the use of FLEX options opens investors to counterparty risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants98.51%
Cash1.49%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LTTI last dividends amounted to 0.14 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 0.21% increase.
LTTI assets under management is 11.71 M USD. It's risen 1.43% over the last month.
LTTI fund flows account for 12.33 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LTTI pays dividends to its holders with the dividend yield of 10.06%. The last dividend (Jul 2, 2025) amounted to 0.14 USD. The dividends are paid monthly.
LTTI shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Feb 12, 2025, and its management style is Active.
LTTI expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
LTTI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LTTI invests in cash.
LTTI trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.