FTHIFirst Trust BuyWrite Income ETF
Provides current income and seeks capital appreciation.
By First Trust · Launched 2014
0.75%
#3,925 of 5,861 · average
$2.4B
#685 of 5,861 · large
4.84%
12 years
#1,138 of 5,861 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 31.2% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Provides current income and seeks capital appreciation.
- Strategy
- Invests primarily in equity securities listed on U.S. exchanges and employs an option strategy of writing U.S. exchange-traded call options on the S&P 500 Index to generate additional cash flow. The Fund may invest in various market capitalizations and has significant investments in information technology companies.
- Inception date
- January 6, 2014
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-08-04