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IGLDFT Vest Gold Strategy Target Income ETF

Get income5y track recordRanked #732 of 1,622 in this goal

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

By First Trust · Launched 2021

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$591M

#1,440 of 5,562 · large

Dividend YieldGoal

16.02%

Track Record

5 years

#2,322 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,835+18.4%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

LBMA Gold Price

What it actually holds

By weight

Concentration

Top 7 holdings = 100.1% of fundconcentrated

TREASURY BILL
142.2%
CBOE GLOBAL MARKETS, INC.GLD 11 C581.82
1.0%
Dreyfus Government Cash Management
0.4%
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 1 C396.31
-0.6%
CBOE GLOBAL MARKETS, INC.GLD 11 P581.82
-42.4%

Asset allocation

Bonds
79.8%
Other
19.6%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
24.3%High

Year-on-year price swings

Max drawdown
-21.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.99Decent risk-adjusted returns
Sortino (3Y)
1.39Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to deliver participation in the price returns of the SPDR Gold Trust while providing consistent income.
Strategy
Invests primarily in short-term U.S. Treasury securities and FLEX Options on the SPDR Gold Trust. Uses a partial covered call strategy to generate income while providing exposure to gold price returns.
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

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 2026-06-19