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RDVIFT Vest Rising Dividend Achievers Target Income ETF

Get income3y track recordRanked #557 of 1,650 in this goal

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

By First Trust · Launched 2022

Annual Cost

0.75%

#3,919 of 5,853 · average

Fund Size

$3.5B

#544 of 5,853 · large

Dividend YieldGoal

5.03%

Track Record

3 years

#2,753 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,852+28.5%

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

Nasdaq US Rising Dividend Achievers TM Index

What it actually holds

By weight

Concentration

Top 10 holdings = 28.4% of fund✓ well diversified

LAM RESEARCH CORP
3.7%
APPLIED MATERIALS INC
3.3%
GE VERNOVA INC
3.1%
KLA CORP
3.0%
ALPHABET INC
2.8%
MONOLITHIC POWER SYSTEMS INC
2.6%
BAKER HUGHES COMPANY
2.6%
ROSS STORES INC
2.5%
MUELLER INDUSTRIES INC
2.4%
BANK OF NEW YORK MELLON CORP (THE)
2.3%

Asset allocation

Stocks
99.7%
Cash
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.0%Moderate

Year-on-year price swings

Max drawdown
-18.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.92Decent risk-adjusted returns
Sortino (3Y)
1.39Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income with a secondary objective of providing capital appreciation.
Strategy
Invests primarily in U.S. exchange-traded equity securities in the Nasdaq US Rising Dividend Achievers Index and employs an option strategy by writing call options on the S&P 500 Index. Aims for distributions from dividends and option premiums, targeting an annual rate of approximately 8% above the S&P 500 Index's yield.
Inception date
October 19, 2022
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