FT Vest Gold Strategy Target Income ETFFT Vest Gold Strategy Target Income ETFFT Vest Gold Strategy Target Income ETF

FT Vest Gold Strategy Target Income ETF

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Key stats


Assets under management (AUM)
‪145.83 M‬USD
Fund flows (1Y)
‪51.06 M‬USD
Dividend yield (indicated)
7.66%
Discount/Premium to NAV
−0.5%

About FT Vest Gold Strategy Target Income ETF


Issuer
AJM Ventures LLC
Brand
FT Vest
Expense ratio
0.85%
Inception date
Mar 2, 2021
Index tracked
No Underlying Index
Management style
Active
IGLD uses FLEX options, short-term treasuries and cash-like investments to participate in the price performance of the SPDR Gold Trust ETF (GLD). The fund aims to provide consistent income, on an annual basis of about 3.85% above yields of one-month T-bills. For tax purposes, IGLD does not hold the FLEX options or gold directly but gets its exposure through a wholly-owned Cayman Island subsidiary. The fund participates in the gains of GLD on about 50-100% basis by purchasing call options. IGLD utilizes a partial covered call strategy wherein a portion of the upside price return of GLD is converted into current income. To implement this strategy, IGLD will sell call options with an expiration date less than or equal to one month in the future. While the fund provides additional income through FLEX options, it does not provide buffers for losses, it fully participates in GLDs losses on a one-to-one basis.

Classification


Asset Class
Commodities
Category
Precious metals
Focus
Gold
Niche
Physically held
Strategy
Buy-write
Weighting scheme
Fixed
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 5, 2024
Exposure type
Bonds, Cash & Other
Government
Mutual fund
Bonds, Cash & Other100.00%
Government75.37%
Mutual fund23.99%
Cash1.27%
Miscellaneous−0.63%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows