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DFIIFT Vest Bitcoin Strategy & Target Income ETF

Get income1y track recordRanked #1,416 of 1,650 in this goal

Seeks to deliver partial participation in the returns of bitcoin while providing a high level of income.

By First Trust · Launched 2025

Annual Cost

0.85%

#4,507 of 5,854 · expensive

Fund Size

$16M

#4,602 of 5,854 · small

Dividend YieldGoal

20.93%

Track Record

1 year

#4,218 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$5,516-44.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 8 holdings = 98.4% of fundconcentrated

CBOE GLOBAL MARKETS, INC.XSP 6 P2599.16
1743.6%
Dreyfus Government Cash Management Funds
0.8%
CBOE GLOBAL MARKETS, INC.MBTX 6 C240.01
0.6%
CBOE GLOBAL MARKETS, INC.XSP 6 C2436.71
0.1%
CBOE GLOBAL MARKETS, INC.XSP 6 C2599.16
-0.0%
CBOE GLOBAL MARKETS, INC.MBTX 4 C155.74
-0.4%
CBOE GLOBAL MARKETS, INC.MBTX 6 P240.01
-48.5%
CBOE GLOBAL MARKETS, INC.XSP 6 P2436.71
-1597.9%

Asset allocation

Stocks
98.9%
Cash
1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
42.2%High

Year-on-year price swings

Max drawdown
-51.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to deliver partial participation in the returns of bitcoin while providing a high level of income.
Strategy
Invests at least 80% of net assets in options contracts referencing Bitcoin Exposure Instruments to deliver partial participation in bitcoin returns while employing a partial covered call strategy for income generation. The Fund does not invest directly in bitcoin.
Inception date
April 2, 2025
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03