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LQTIFT Vest Investment Grade & Target Income ETF

Get income1y track recordRanked #802 of 1,650 in this goal

Seeks current income with a secondary objective of providing capital appreciation.

By First Trust · Launched 2025

Annual Cost

0.65%

#3,427 of 5,854 · average

Fund Size

$293M

#2,017 of 5,854 · mid-size

Dividend YieldGoal

5.46%

Track Record

1 year

#4,067 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,179+1.8%

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

Markit iBoxx USD Liquid Investment Grade Index

What it actually holds

By weight

Concentration

Top 6 holdings = 99.3% of fundconcentrated

CBOE GLOBAL MARKETS, INC.LQD 7 C1.1
96.9%
DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS
1.2%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT
0.4%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT
0.4%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT
0.4%
CBOE GLOBAL MARKETS, INC.LQD 5 C109.15
-0.0%

Asset allocation

Bonds
97.5%
Cash
2.5%
Convertible
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
5.1%Low

Year-on-year price swings

Max drawdown
-3.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income with a secondary objective of providing capital appreciation.
Strategy
Invests primarily in U.S. Treasury securities and utilizes an option strategy involving purchasing and writing U.S. exchange-traded call options to provide synthetic exposure to the Underlying ETF. Aims for current income and capital appreciation.
Inception date
February 11, 2025
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 2026-08-04