FGSIFT Vest Growth Strength & Target Income ETF
Seeks current income with a secondary objective of capital appreciation.
By First Trust · Launched 2025
0.85%
#4,345 of 5,573 · expensive
$3M
#5,234 of 5,573 · small
—
12 months
#4,526 of 5,573 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
The Growth Strength Index
What it actually holds
By weightConcentration
Top 10 holdings = 21.9% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks current income with a secondary objective of capital appreciation.
- Strategy
- Invests primarily in U.S. equity securities to track The Growth Strength Index and employs a call option strategy on the S&P 500 Index. Aims to generate income through dividends and option premiums, targeting an annual distribution rate above the S&P 500 Index's yield.
- Inception date
- June 25, 2025
- Fund family
- First Trust
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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