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First Trust has announced the launch of three new actively managed ETFs: FT Vest Investment Grade & Target Income ETF (LQTI), FT Vest High Yield & Target Income ETF (HYTI), and FT Vest 20+ Year Treasury & Target Income ETF (LTTI). These funds invest in U.S. treasury securities and employ an options strategy targeting fixed income securities.
The funds aim to provide distributions at approximately 5.0% annual rate (before fees and expenses) above their respective underlying ETFs' current annual income yield. They join First Trust's Target Outcome ETFs lineup, which has grown to $27 billion in total net assets (59% increase over one year) across 106 funds as of January 31, 2025.
The funds are managed and sub-advised by Vest Financial , utilizing a target outcome strategy for pre-determined investment outcomes. The strategy involves purchasing and writing U.S. exchange-traded call options, including FLEX Options.
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