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KNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF

Get income8y track recordRanked #495 of 1,650 in this goal

Seeks investment results that correspond generally to the price and yield of the Cboe S&P 500 Dividend Aristocrats Target Income Index.

By First Trust · Launched 2018

Annual Cost

0.74%

#3,776 of 5,853 · average

Fund Size

$3.4B

#555 of 5,853 · large

Dividend YieldGoal

5.40%

Track Record

8 years

#1,690 of 5,853 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,213+12.1%

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

Index tracked

S&P 500 Dividend Aristocrats Index

What it actually holds

By weight

Concentration

Top 10 holdings = 15.6% of fund✓ well diversified

CATERPILLAR INC
1.6%
FRANKLIN RESOURCES INC
1.6%
WEST PHARMACEUTICAL SERVICES INC
1.6%
NUCOR CORP
1.6%
NEXTERA ENERGY INC
1.6%
ARCHER DANIELS MIDLAND COMPANY
1.6%
EVERSOURCE ENERGY
1.5%
GENERAL DYNAMICS CORP
1.5%
COCA-COLA COMPANY (THE)
1.5%
AUTOMATIC DATA PROCESSING INC
1.5%

Asset allocation

Stocks
99.5%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.9%Moderate

Year-on-year price swings

Max drawdown
-35.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.31Below average
Sortino (3Y)
0.45Moderate downside risk

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks investment results that correspond generally to the price and yield of the Cboe S&P 500 Dividend Aristocrats Target Income Index.
Strategy
Invests primarily in equity securities of the Cboe S&P 500 Dividend Aristocrats Target Income Index using an indexing investment approach. Targets an annualized income approximately 8% above the S&P 500 dividend yield, with significant investments in consumer staples and industrials sectors.
Inception date
March 26, 2018
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 2026-08-02