TDVIFT Vest Technology Dividend Target Income ETF

Get income2y track recordRanked #747 of 1,650 in this goal

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

By First Trust · Launched 2023

Annual Cost

0.75%

#3,925 of 5,861 · average

Fund Size

$497M

#1,596 of 5,861 · large

Dividend YieldGoal

4.72%

Track Record

2 years

#3,029 of 5,861 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$12,306+23.1%

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

Nasdaq Technology Dividend Index

What it actually holds

By weight

Concentration

Top 10 holdings = 56.6% of fundmoderately concentrated

TEXAS INSTRUMENTS INC

9.6%

BROADCOM INC

9.5%

ORACLE CORP

7.7%

MICROSOFT CORP

7.6%

INTERNATIONAL BUSINESS MACHINES CORP

7.0%

QUALCOMM INC

4.6%

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD

3.8%

ANALOG DEVICES INC

2.8%

CISCO SYSTEMS INC

2.1%

APPLIED MATERIALS INC

1.9%

Asset allocation

Stocks

99.8%

Cash

0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

20.0%Moderate

Year-on-year price swings

Max drawdown

-22.1%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

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 Technology Industry and writes call options on the Nasdaq-100 and S&P 500 indices to generate income. Aims for distributions from dividends and option premiums, targeting approximately 8% annual returns.
Inception date: August 9, 2023
Fund family: First Trust

Similar funds

Same asset class, closest by strategy & exposure

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HYTI

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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