Key stats
About FT Vest Rising Dividend Achievers Target Income ETF
Home page
www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=rdvi
Inception date
Oct 19, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
RDVI aims to provide income at an annual rate of 8%, before fees and expenses, over the annual dividend yield of the S&P 500 Index. The sources for income stem from dividends from individual equity positions and premiums from selling naked call options. Selecting the portfolio involves screening a broad market index for those that have a history of raising their dividends, while exhibiting characteristics to continue to do so. Each week, RDVI attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the S&P 500 Index or related ETFs. The income from dividends and option premiums are expected to be distributed monthly. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy. The fund is actively managed however, there is no guarantee the fund will deliver the target income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Stocks99.90%
Finance38.18%
Technology Services17.76%
Electronic Technology8.33%
Producer Manufacturing7.00%
Consumer Durables6.63%
Retail Trade5.91%
Energy Minerals3.85%
Consumer Services2.47%
Process Industries2.32%
Health Services1.65%
Non-Energy Minerals1.62%
Transportation1.47%
Industrial Services0.86%
Consumer Non-Durables0.66%
Distribution Services0.57%
Health Technology0.49%
Bonds, Cash & Other0.10%
Cash0.22%
Rights & Warrants−0.12%
Stock breakdown by region
North America95.51%
Europe4.49%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RDVI invests in stocks. The fund's major sectors are Finance, with 38.23% stocks, and Technology Services, with 17.79% of the basket. The assets are mostly located in the North America region.
RDVI top holdings are eBay Inc. and Booking Holdings Inc., occupying 2.54% and 2.48% of the portfolio correspondingly.
RDVI last dividends amounted to 0.18 USD. The month before, the issuer paid 0.16 USD in dividends, which shows a 8.84% increase.
RDVI assets under management is 1.94 B USD. It's risen 6.03% over the last month.
RDVI fund flows account for 874.02 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.
Yes, RDVI pays dividends to its holders with the dividend yield of 8.05%. The last dividend (May 30, 2025) amounted to 0.18 USD. The dividends are paid monthly.
RDVI shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Oct 19, 2022, and its management style is Active.
RDVI expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
RDVI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RDVI invests in stocks.
RDVI price has risen by 4.15% over the last month, and its yearly performance shows a 4.06% increase. See more dynamics on RDVI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.98% over the last month, showed a 2.75% increase in three-month performance and has increased by 13.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.98% over the last month, showed a 2.75% increase in three-month performance and has increased by 13.62% in a year.
RDVI trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.