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First Trust BuyWrite Income ETF

ETF
FTHI
Payout Change
Pending
Price as of:
$22.9 -0.28 -1.21%
primary theme
N/A
FTHI (ETF)

First Trust BuyWrite Income ETF

Payout Change
Pending
Price as of:
$22.9 -0.28 -1.21%
primary theme
N/A
FTHI (ETF)

First Trust BuyWrite Income ETF

Payout Change
Pending
Price as of:
$22.9 -0.28 -1.21%
primary theme
N/A

Name

As of 10/31/2024

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

First Trust BuyWrite Income ETF

FTHI | ETF

$22.90

$494 M

8.90%

$2.06

0.75%

Vitals

YTD Return

15.4%

1 yr return

24.2%

3 Yr Avg Return

9.8%

5 Yr Avg Return

7.4%

Net Assets

$494 M

Holdings in Top 10

32.9%

52 WEEK LOW AND HIGH

$23.2
$20.55
$23.40

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 10/31/2024

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

First Trust BuyWrite Income ETF

FTHI | ETF

$22.90

$494 M

8.90%

$2.06

0.75%

FTHI - Profile

Distributions

  • YTD Total Return 15.4%
  • 3 Yr Annualized Total Return 9.8%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.29%
DIVIDENDS
  • Dividend Yield 8.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust BuyWrite Income ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Jan 06, 2014
  • Shares Outstanding
    2174201
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Gambla

Fund Description

Under normal market conditions, the Fund will pursue its investment objectives by investing primarily in equity securities listed on U.S. exchanges and by utilizing an “option strategy” consisting of writing (selling) U.S. exchange-traded call options on the Standard & Poor’s 500® Index (the “S&P 500 Index”). The Fund will employ an option strategy in which it will write U.S. exchange-traded call options on the S&P 500 Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. A premium is the income received by an investor who sells or writes an option contract to another party. In exchange for the premiums received in connection with its written U.S. exchange-traded call options on the S&P 500 Index, the Fund forfeits any upside potential of the S&P 500 Index above the strike price of the written call options. The market value of the option strategy may be up to 20% of the Fund’s overall net asset value.The equity securities in which the Fund will invest and the options which the Fund will write will be limited to U.S. exchange-traded securities and options. The equity securities held by the Fund will be selected using a mathematical optimization process which attempts to favor higher dividend paying common stocks for the Fund’s portfolio. The equity securities held by the Fund may include non-U.S. securities that are either directly listed on a U.S. securities exchange or in the form of depositary receipts. The equity securities in the Fund’s portfolio will be periodically rebalanced at the discretion of the Fund’s portfolio managers. Depending on market volatility, the Fund may engage in active trading, which may result in a turnover of the Fund’s portfolio greater than 100% annually. The Fund may also invest in master limited partnerships ("MLPs"), real estate investment trusts ("REITs") and companies with various market capitalizations.The option portion of the portfolio will generally consist of U.S. exchange-traded calls on the S&P 500 Index that are written by the Fund. In certain instances, the Fund may also write call spreads on the S&P 500 Index. A call spread is an options strategy whereby an investor holds two short calls at one strike and a long call at a higher strike price. 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. A call option will give the holder the right to buy the S&P 500 Index at a predetermined strike price from the Fund. The notional value of calls written will be generally between 25% and 75% of the overall Fund. In general, the notional value is the total value of a leveraged position’s assets.As of December 31, 2023, the Fund had significant investments in information technology companies, although this may change from time to time. 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.
Read More

FTHI - Performance

Return Ranking - Trailing

Period FTHI Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% -2.8% 240.8% 28.46%
1 Yr 24.2% -4.3% 140.6% 50.00%
3 Yr 9.8%* -8.3% 18.3% 87.18%
5 Yr 7.4%* -5.0% 17.3% 67.80%
10 Yr 7.1%* -4.6% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period FTHI Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% -34.1% 904.0% 98.20%
2022 -12.1% -28.6% 438.4% 34.68%
2021 9.0% -93.5% 8.2% 75.86%
2020 -11.5% -38.9% 19.8% 30.23%
2019 13.1% -10.9% 12.8% 17.48%

Total Return Ranking - Trailing

Period FTHI Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% -2.7% 244.0% 28.46%
1 Yr 24.2% -4.3% 140.6% 48.70%
3 Yr 9.8%* -8.3% 18.3% 86.54%
5 Yr 7.4%* -5.4% 17.3% 65.25%
10 Yr 7.1%* -4.6% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FTHI Return Category Return Low Category Return High Rank in Category (%)
2023 20.7% -34.1% 904.0% 98.20%
2022 -4.4% -5.9% 438.4% 35.26%
2021 13.9% -81.2% 8.2% 84.83%
2020 -7.1% -29.0% 19.8% 42.64%
2019 18.1% -10.9% 12.8% 32.04%

FTHI - Holdings

Concentration Analysis

FTHI Category Low Category High FTHI % Rank
Net Assets 494 M 25 17.4 B 64.42%
Number of Holdings 186 2 508 11.45%
Net Assets in Top 10 235 M -6.66 M 5.12 B 81.68%
Weighting of Top 10 32.92% 11.3% 100.0% 76.00%

Top 10 Holdings

  1. Microsoft Corp 7.21%
  2. NVIDIA Corp 5.32%
  3. Apple Inc 5.10%
  4. Amazon.com Inc 3.72%
  5. Alphabet Inc 2.39%
  6. Meta Platforms Inc 2.35%
  7. Alphabet Inc 2.02%
  8. Berkshire Hathaway Inc 1.68%
  9. Broadcom Inc 1.58%
  10. Eli Lilly Co 1.55%

Asset Allocation

Weighting Return Low Return High FTHI % Rank
Stocks 		100.04% -3.92% 100.76% 56.11%
Cash 		1.06% -0.76% 100.29% 38.55%
Preferred Stocks 		0.00% 0.00% 3.08% 29.39%
Convertible Bonds 		0.00% 0.00% 20.91% 31.68%
Bonds 		0.00% 0.00% 97.96% 35.50%
Other 		-1.10% 0.00% 45.92% 42.37%

Stock Sector Breakdown

Weighting Return Low Return High FTHI % Rank
Technology 		19.97% 0.00% 44.43% 78.15%
Healthcare 		13.16% 0.00% 25.91% 9.24%
Energy 		11.32% 0.00% 69.54% 9.66%
Consumer Cyclical 		10.41% 0.00% 19.02% 11.34%
Consumer Defense 		9.81% 0.00% 22.87% 95.38%
Financial Services 		9.28% 0.00% 29.60% 11.76%
Communication Services 		7.26% 0.00% 21.22% 74.79%
Industrials 		5.62% 1.41% 43.91% 88.66%
Basic Materials 		5.12% 0.00% 60.58% 13.87%
Utilities 		4.37% 0.00% 13.35% 97.06%
Real Estate 		3.68% 0.00% 9.74% 9.66%

Stock Geographic Breakdown

Weighting Return Low Return High FTHI % Rank
US 		100.04% -3.89% 100.00% 51.91%
Non US 		0.00% -2.17% 99.33% 29.77%

FTHI - Expenses

Operational Fees

FTHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.20% 6.78% 67.08%
Management Fee 0.75% 0.20% 1.75% 55.60%
12b-1 Fee 0.00% 0.00% 1.00% 15.52%
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

FTHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FTHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

FTHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 456.80% 95.98%

FTHI - Distributions

Dividend Yield Analysis

FTHI Category Low Category High FTHI % Rank
Dividend Yield 8.90% 0.00% 3.76% 1.86%

Dividend Distribution Analysis

FTHI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

FTHI Category Low Category High FTHI % Rank
Net Income Ratio 1.29% -2.54% 14.24% 26.64%

Capital Gain Distribution Analysis

FTHI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FTHI - Fund Manager Analysis

Managers

John Gambla

Start Date

Tenure

Tenure Rank

Jan 06, 2014

8.4

8.4%

John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.

Rob Guttschow

Start Date

Tenure

Tenure Rank

Jan 06, 2014

8.4

8.4%

Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67

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