First Trust Exchange-Traded Fund IV FT Vest 20+ Year Treasury & Target Income ETF
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Key stats
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.
Related funds
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants98.81%
Cash1.19%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
LTTI trades at 19.11 USD today, its price has fallen −0.73% in the past 24 hours. Track more dynamics on LTTI price chart.
LTTI net asset value is 19.23 today — it's risen 0.53% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
LTTI assets under management is 11.64 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
LTTI invests in cash. See more details in our Analysis section.
LTTI expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, LTTI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, LTTI pays dividends to its holders with the dividend yield of 10.06%.
LTTI trades at a premium (0.09%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
LTTI shares are issued by AJM Ventures LLC
LTTI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 12, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.