XVSPFT Vest SPCX & Target Income ETF

Get income

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

Annual Cost

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Fund Size

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Dividend YieldGoal

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Track Record

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What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks current income with a secondary objective of providing capital appreciation.
Strategy: Invests primarily in common stock and options contracts, including FLEX Options, to provide current income and capital appreciation. May utilize box spreads and invest in U.S. Treasuries for stable revenue.

Similar funds

Same asset class, closest by strategy & exposure

LQTI

FT Vest Investment Grade & Target Income ETF

Get income

TER 0.65%3Y N/A$273M

HYTI

FT Vest High Yield & Target Income ETF

Get income

TER 0.65%3Y N/A$90M

FGSI

FT Vest Growth Strength & Target Income ETF

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TER 0.85%3Y N/A$2M

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 2026-08-28