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.
By First Trust · Launched 2018
0.74%
#3,625 of 5,562 · average
$3.3B
#550 of 5,562 · large
8.67%
8 years
#1,722 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
S&P 500 Dividend Aristocrats Index
What it actually holds
By weightConcentration
Top 10 holdings = 15.4% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks investment results that correspond to the price and yield of the S&P 500 Dividend Aristocrats Index.
- Strategy
- Invests primarily in securities of the S&P 500 Dividend Aristocrats Index, employing a BuyWrite strategy with covered call options to generate income. Aims for monthly distributions that exceed the S&P 500's annual dividend yield.
- Inception date
- March 26, 2018
- Fund family
- First Trust
Similar ETFs
Closest matches by profileOur 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
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Data updated on 2026-06-19