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IGLDFT Vest Gold Strategy Target Income ETF

Get income5y track recordRanked #727 of 1,650 in this goal

Seeks to deliver participation in the price returns of the SPDR Gold Trust while providing a consistent level of income.

By First Trust · Launched 2021

Annual Cost

0.85%

#4,507 of 5,854 · expensive

Fund Size

$515M

#1,562 of 5,854 · large

Dividend YieldGoal

19.82%

Track Record

5 years

#2,269 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,617+6.2%

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 9 holdings = 97.9% of fundconcentrated

United States Treasury Bills
129.4%
CBOE GLOBAL MARKETS, INC.GLD 11 C581.82
1.8%
Dreyfus Government Cash Management Funds
0.3%
CBOE GLOBAL MARKETS, INC.GLD 11 C581.82
0.2%
CBOE GLOBAL MARKETS, INC.GLD 11 C581.82
0.0%
CBOE GLOBAL MARKETS, INC.GLD 11 P581.82
-0.5%
CBOE GLOBAL MARKETS, INC.GLD 4 C430.29
-0.6%
CBOE GLOBAL MARKETS, INC.GLD 11 P581.82
-3.9%
CBOE GLOBAL MARKETS, INC.GLD 11 P581.82
-28.9%

Asset allocation

Bonds
82.7%
Other
16.7%
Cash
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
25.1%High

Year-on-year price swings

Max drawdown
-99.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.88Decent risk-adjusted returns
Sortino (3Y)
1.22Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to deliver participation in the price returns of the SPDR Gold Trust while providing a consistent level of income.
Strategy
Invests primarily in short-term U.S. Treasury securities and cash equivalents while using FLEX Options on the SPDR Gold Trust to generate income. The strategy aims to provide consistent income while participating in the price returns of the Underlying ETF.
Inception date
March 2, 2021
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