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DOGGFT Vest DJIA Dogs 10 Target Income ETF

Get income3y track recordRanked #1,102 of 1,622 in this goal

Seeks current income with capital appreciation.

By First Trust · Launched 2023

Annual Cost

0.75%

#3,765 of 5,562 · expensive

Fund Size

$72M

#3,230 of 5,562 · mid-size

Dividend YieldGoal

8.79%

Track Record

3 years

#2,991 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,822+18.2%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 9 holdings = 49.7% of fundmoderately concentrated

Merck & Co IncMRK
5.9%
Nike Inc Class BNKE
5.7%
Verizon Communications IncVZ
5.6%
UnitedHealth Group IncUNH
5.6%
Coca-Cola CoKO
5.5%
Amgen IncAMGN
5.4%
The Home Depot IncHD
5.4%
Procter & Gamble CoPG
5.4%
McDonald's CorpMCD
5.3%

Asset allocation

Bonds
67.4%
Stocks
32.4%
Cash
0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.6%Moderate

Year-on-year price swings

Max drawdown
-11.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.64Decent risk-adjusted returns
Sortino (3Y)
0.91Moderate downside risk

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income with capital appreciation.
Strategy
Invests primarily in common stocks, options, and U.S. Treasury securities, focusing on the ten highest dividend-yielding stocks in the DJIA. Uses a covered call strategy to generate income and synthetic replication for price exposure.
Inception date
April 26, 2023
Fund family
First Trust

Our take

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

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

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

Why we flagged this: strategy=option_income + option_income_strategy

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 2026-06-20