KNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF
Seeks investment results that correspond to the price and yield of the S&P 500 Dividend Aristocrats Index.
First Trust · Since 2018 (8 years)
0.74%
#3444 out of 5,332 ETFs
$3.4B
#485 out of 5,332 ETFs
8.67%
8 years
#1752 out of 5,332 ETFs
Performance
1 Year
+10.4%
3 Years
+7.3%
5 Years
+5.2%
What's inside
Top holdings
Risk profile
10.7%
Moderate
-35.1%
Worst peak-to-trough loss
0.36
Below average
0.53
Moderate downside risk
Similar ETFs
Our 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
Data updated on 2026-05-05