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About FT Vest Technology Dividend Target Income ETF
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Inception date
Aug 9, 2023
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
TDVI aims for an 8% annual distribution, before fees and expenses, over the annual dividend yield of the Nasdaq 100 Index. However, the delivery of the target income is not assured. Distributions stem from dividends from technology companies within the Nasdaq Technology Dividend Index and premiums from selling naked index call options. These options are European style, written at-the-money, and will have expirations of less than 30 days. Each week, TVDI 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 NDX and/or SPX or related ETFs. The income from stock dividends and option premiums is expected to be distributed monthly. Investors should be aware that selling naked index call options carries a high level of risk.
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
Electronic Technology
Technology Services
Communications
Stocks100.00%
Electronic Technology48.08%
Technology Services33.16%
Communications12.16%
Producer Manufacturing3.98%
Consumer Services1.82%
Distribution Services0.37%
Commercial Services0.21%
Bonds, Cash & Other0.00%
Cash0.21%
Rights & Warrants−0.21%
Stock breakdown by region
North America89.41%
Europe5.44%
Asia4.88%
Latin America0.14%
Middle East0.12%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TDVI invests in stocks. The fund's major sectors are Electronic Technology, with 48.18% stocks, and Technology Services, with 33.23% of the basket. The assets are mostly located in the North America region.
TDVI top holdings are Broadcom Inc. and Microsoft Corporation, occupying 9.36% and 8.95% of the portfolio correspondingly.
TDVI last dividends amounted to 0.16 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 13.68% increase.
TDVI assets under management is 89.93 M USD. It's risen 10.68% over the last month.
TDVI fund flows account for 60.37 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, TDVI pays dividends to its holders with the dividend yield of 7.76%. The last dividend (May 30, 2025) amounted to 0.16 USD. The dividends are paid monthly.
TDVI shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Aug 9, 2023, and its management style is Active.
TDVI expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
TDVI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TDVI invests in stocks.
TDVI price has risen by 11.31% over the last month, and its yearly performance shows a 7.42% increase. See more dynamics on TDVI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.23% over the last month, showed a 7.14% increase in three-month performance and has increased by 15.60% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.23% over the last month, showed a 7.14% increase in three-month performance and has increased by 15.60% in a year.
TDVI trades at a premium (0.55%) meaning the ETF is trading at a higher price than the calculated NAV.