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Beacon

LTTIFT Vest 20+ Year Treasury & Target Income ETF

Get income1y track recordRanked #1,334 of 1,622 in this goal

Seeks current income with a secondary objective of capital appreciation.

By First Trust · Launched 2025

Annual Cost

0.65%

#3,297 of 5,562 · average

Fund Size

$17M

#4,474 of 5,562 · small

Dividend YieldGoal

9.16%

Track Record

1 year

#4,162 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,390+3.9%

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

ICE US Treasury 20+ Year Bond Index

What it actually holds

By weight

Concentration

Top 6 holdings = 99.4% of fundconcentrated

CBOE GLOBAL MARKETS, INC.TLT 4 C0.87
97.2%
Dreyfus Government Cash Management
1.2%
TREASURY BILL
0.4%
TREASURY BILL
0.4%
TREASURY BILL
0.4%
CBOE GLOBAL MARKETS, INC.TLT 2 C86.78
-0.1%

Asset allocation

Bonds
97.2%
Cash
2.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
8.6%Low

Year-on-year price swings

Max drawdown
-9.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income with a secondary objective of capital appreciation.
Strategy
Invests primarily in U.S. Treasury securities and employs an options strategy involving call options on the iShares 20+ Year Treasury Bond ETF. Aims for monthly income distributions and targets a 5% annual rate over the Underlying ETF's yield.
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

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