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FTKIFirst Trust Small Cap BuyWrite Income ETF

Get income1y track recordRanked #1,430 of 1,650 in this goal

Provides current income and seeks capital appreciation.

By First Trust · Launched 2025

Annual Cost

0.86%

#4,601 of 5,854 · expensive

Fund Size

$24M

#4,330 of 5,854 · small

Dividend YieldGoal

6.22%

Track Record

1 year

#4,106 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,130+21.3%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 19.8% of fund✓ well diversified

Dreyfus Government Cash Management Funds
4.3%
Argan Inc
2.5%
Mastec, Inc.
1.8%
AstraZeneca PLC
1.8%
Jones Lang LaSalle Incorporated
1.6%
Veeva Systems Inc
1.6%
Check Point Software Technologies Ltd.
1.6%
Southern Copper Corporation
1.6%
FUTU HOLDINGS LTD
1.5%
CREDICORP LTD
1.5%

Asset allocation

Stocks
96.1%
Cash
3.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.1%Moderate

Year-on-year price swings

Max drawdown
-15.2%Moderate

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
Provides current income and seeks capital appreciation.
Strategy
Invests primarily in small cap equity securities listed on U.S. exchanges and employs a buy-write option strategy by writing U.S. exchange-traded call options on the Russell 2000 Index or small cap equity ETFs. Aims to provide current income from options premiums while seeking capital appreciation.
Inception date
February 25, 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