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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FT Vest Technology Dividend Target Income ETF

TDVI | Active ETF

$24.13

$11.1 M

8.10%

$1.95

0.75%

Vitals

YTD Return

22.1%

1 yr return

24.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$11.1 M

Holdings in Top 10

56.1%

52 WEEK LOW AND HIGH

$24.0
$20.61
$25.60

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FT Vest Technology Dividend Target Income ETF

TDVI | Active ETF

$24.13

$11.1 M

8.10%

$1.95

0.75%

TDVI - Profile

Distributions

  • YTD Total Return 22.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 8.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FT Vest Technology Dividend Target Income ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Aug 10, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities contained in the Nasdaq Technology Dividend Index (the “Index”) and by utilizing an “option strategy” consisting of writing (selling) U.S. exchange-traded call options on the Nasdaq-100® Index and/or the S&P 500® Index, or exchange-traded funds that track the Nasdaq-100® Index or the S&P 500® Index (the "Underlying ETFs"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying securities and/or investments that provide exposure to dividend-paying securities of technology companies (i.e., securities classified under the Technology Industry or Telecommunications Industry as defined by the Industry Classification Benchmark (ICB)). Vest Financial LLC is the Fund’s investment sub-advisor (“Vest” or the “Sub-Advisor”).In furtherance of its objectives, the Fund seeks to make distributions from stock dividends and option premiums at an annual rate that is approximately 8.0% (before fees and expenses) over the current annual dividend yield of the Nasdaq-100® Index. The Fund also seeks a secondary objective of generating capital appreciation. The Nasdaq-100® Index annual dividend yield for 2023 was 0.87%. However, that is not indicative of what the Nasdaq-100® Index annual dividend yield may be in the future. It is expected that the Fund will distribute dividends and income from premiums to shareholders on a monthly basis. While the Fund seeks to make distributions that are above the current annual dividend yield of the Nasdaq-100® Index, there is no guarantee that the Fund's distribution target will be achieved. The Fund does not seek to achieve any specific level of total return performance compared with the total return performance of the Nasdaq-100® Index or the Index. Capital appreciation on the securities held by the Fund may be less than the capital appreciation of the Nasdaq-100®Index (or an Underlying ETF) and the Index, and the total return performance of the Fund may be less than the total return performance of the Nasdaq-100® Index (or an Underlying ETF) and the Index. In the event the value of the Nasdaq-100® Index (or an Underlying ETF, as applicable) exceeds the strike price of the call options, the capital appreciation on such securities is expected to be less than the capital appreciation of the Nasdaq-100® Index (or the Underlying ETF, as applicable).The equity securities held by the Fund will be selected by the portfolio managers from the common stocks and depositary receipts in the Index. The Index is designed to provide access to a diversified portfolio of technology companies with a history of paying dividends while exhibiting the characteristics to continue to do so in the future. The Index includes 100 U.S. exchange-traded equity securities, including securities issued by non-U.S. companies that trade on U.S. securities exchanges in the form of depositary receipts. The constituents and individual security weighting of the equity portfolio will be actively managed by the portfolio managers in order to seek to achieve the Fund’s investment objective and strategy.The Fund will seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party. The call options sold by the Fund on the Nasdaq-100® Index and/or the S&P 500® Index are anticipated to be cash settled European style options that can only be exercised at the expiration date. These call options will give the purchaser the right to receive from the seller (the Fund) a cash payment at the option expiration date equal to any positive difference between the value of the Nasdaq-100® Index or the S&P 500® Index, as applicable, at the contract expiration and the strike price. In the event the Nasdaq-100® Index or the S&P 500® Index, as applicable, appreciates above the strike price as of the expiration date of the written option and the buyer exercises the option, the Fund as the writer (seller) of the call option will have to pay the difference between the value of the Nasdaq-100® Index or the S&P 500® Index, as applicable, and the strike price (which loss is partially offset by the premium initially received). In such a scenario the Fund will need to sell some of the equity securities it holds to make this payment. In the event the Nasdaq-100® Index or the S&P 500® Index, as applicable, declines in value, the call option may end up worthless and the Fund as the writer (seller) of the call option retains the premium. The call options sold by the Fund on an Underlying ETF are anticipated to be physically settled American style options which are exercisable any time prior to the expiration date. In the event the purchaser exercises these call options, the Fund is obligated to deliver shares of the Underlying ETF at the strike price. In such a scenario the Fund will need to sell some of the equity securities it holds to fund the purchase of the shares of the Underlying ETF it would deliver. In the event the Underlying ETF declines in value, the call option may end up worthless and the Fund as the writer (seller) of the call option retains the premium.Each week, the Fund compares the dividend income of the equity securities held by the Fund against the Fund’s target distribution and looks to bridge that difference with the premiums that come from selling call options. By combining premiums collected from the sale of calls with the dividend income of the equity securities, the Fund seeks to increase total income for investors while still participating in some of the growth potential from the price appreciation of the stocks held by the Fund. The call options written by the Fund will have expirations of less than 30 days, and will be typically written at-the-money. An at-the-money call option has a strike price that is approximately equal to the price of the Nasdaq-100® Index or the S&P 500®Index, as applicable, or Underlying ETF at the time the call option is sold. The Fund's strategy may involve frequently buying and selling portfolio securities.As of January 31, 2024, the Fund expects to have significant investments in information technology companies, although this may change from time to time. Over time, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of January 31, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.The Fund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”).
Read More

TDVI - Performance

Return Ranking - Trailing

Period TDVI Return Category Return Low Category Return High Rank in Category (%)
YTD 22.1% N/A N/A N/A
1 Yr 24.3% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period TDVI Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period TDVI Return Category Return Low Category Return High Rank in Category (%)
YTD 22.1% N/A N/A N/A
1 Yr 24.3% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period TDVI Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

TDVI - Holdings

Concentration Analysis

TDVI Category Low Category High TDVI % Rank
Net Assets 11.1 M N/A N/A N/A
Number of Holdings 88 N/A N/A N/A
Net Assets in Top 10 16.3 M N/A N/A N/A
Weighting of Top 10 56.06% N/A N/A N/A

Top 10 Holdings

  1. Broadcom Inc 9.07%
  2. Apple Inc 8.66%
  3. International Business Machines Corp 8.63%
  4. Microsoft Corp 7.56%
  5. Texas Instruments Inc 6.47%
  6. Oracle Corp 4.46%
  7. Taiwan Semiconductor Manufacturing Co Ltd 3.36%
  8. QUALCOMM Inc 3.32%
  9. Analog Devices Inc 2.55%
  10. ATT Inc 1.98%

Asset Allocation

Weighting Return Low Return High TDVI % Rank
Stocks 		99.64% N/A N/A N/A
Cash 		0.56% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A
Other 		-0.20% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High TDVI % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High TDVI % Rank
US 		99.64% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

TDVI - Expenses

Operational Fees

TDVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% N/A N/A N/A
Management Fee 0.75% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

TDVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

TDVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TDVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

TDVI - Distributions

Dividend Yield Analysis

TDVI Category Low Category High TDVI % Rank
Dividend Yield 8.10% N/A N/A N/A

Dividend Distribution Analysis

TDVI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

TDVI Category Low Category High TDVI % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

TDVI Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

TDVI - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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