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Trending ETFs

First Trust Hedged BuyWrite Income ETF

etf
FTLB
Dividend policy
Active
Price as of:
$20.51 -0.1 0%
primary theme
Options-based
FTLB (ETF)

First Trust Hedged BuyWrite Income ETF

Dividend policy
Active
Price as of:
$20.51 -0.1 0%
primary theme
Options-based
FTLB (ETF)
First Trust Hedged BuyWrite Income ETF
Dividend policy
Active
Price as of:
$20.51 -0.1 0%
primary theme
Options-based

FTLB - Snapshot

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $5.07 M
  • Holdings in Top 10 27.5%

52 WEEK LOW AND HIGH

$20.61
$18.83
$22.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 207.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Options-based
  • Fund Type Exchange Traded Fund
  • Investment Style Options-based

Compare FTLB to Popular Options-based Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$24.08

-0.21%

$14.40 B

1.10%

$0.27

blocked
blocked
blocked

0.46%

-

$36.71

-0.19%

$7.13 B

0.65%

$0.24

blocked
blocked
blocked

-0.11%

-

$9.42

-0.74%

$2.83 B

-

-

blocked
blocked
blocked

0.96%

-

$12.80

-0.47%

$1.93 B

-

-

blocked
blocked
blocked

0.55%

-

$9.55

-0.73%

$1.75 B

-

-

blocked
blocked
blocked

2.14%

-

Compare FTLB to Popular Options-based ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.97

-0.43%

$1.64 B

11.03%

$2.54

blocked
blocked
blocked

0.75%

-

$32.50

-0.18%

$764.85 M

0.35%

$0.12

blocked
blocked
blocked

-0.98%

-

-

-

$191.30 M

-

$1.61

blocked
blocked
blocked

1.50%

-

$55.75

+0.18%

$169.82 M

5.80%

$3.23

blocked
blocked
blocked

0.00%

-

$20.60

-0.77%

$167.24 M

1.40%

$0.29

blocked
blocked
blocked

0.54%

-

FTLB - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.96%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Hedged BuyWrite Income ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Jan 06, 2014
  • Shares Outstanding
    250002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Gambla

Fund Description

The fund will pursue its objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500® Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The call options written by the fund will be a laddered portfolio of call options with expirations of less than one year, written at-the-money to slightly out-of-the-money. The fund is non-diversified.


FTLB - Performance

Return Ranking - Trailing

Period FTLB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.1% 9.6% 18.47%
1 Yr -6.5% -26.5% 28.6% 98.66%
3 Yr -1.2%* -13.4% 18.1% 94.90%
5 Yr 3.6%* -5.4% 15.8% 86.44%
10 Yr N/A* -5.2% 13.3% N/A

* Annualized

Return Ranking - Calendar

Period FTLB Return Category Return Low Category Return High Rank in Category (%)
2020 -9.6% -34.1% 904.0% 94.59%
2019 10.6% -28.6% 28.4% 53.76%
2018 -12.4% -93.5% 8.2% 68.97%
2017 9.2% -38.9% 19.8% 33.33%
2016 6.9% -10.9% 12.8% 10.68%

Total Return Ranking - Trailing

Period FTLB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.1% 9.6% 18.47%
1 Yr -6.5% -26.5% 28.6% 97.77%
3 Yr -1.2%* -13.4% 18.1% 93.63%
5 Yr 3.6%* -5.8% 15.8% 84.75%
10 Yr N/A* -5.2% 13.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FTLB Return Category Return Low Category Return High Rank in Category (%)
2020 -9.6% -34.1% 904.0% 94.59%
2019 10.6% -5.9% 28.4% 54.34%
2018 -12.4% -30.9% 8.2% 79.31%
2017 9.2% -23.4% 19.8% 46.51%
2016 6.9% -10.9% 12.8% 20.39%

FTLB - Holdings

Concentration Analysis

FTLB Category Low Category High FTLB % Rank
Net Assets 5.07 M 1.38 M 14.4 B 96.39%
Number of Holdings 134 1 509 23.69%
Net Assets in Top 10 1.4 M -3.82 M 4.25 B 96.39%
Weighting of Top 10 27.53% 13.7% 100.0% 81.69%

Top 10 Holdings

  1. Amazon.com Inc 4.59%
  2. Apple Inc 3.42%
  3. Alphabet Inc A 3.32%
  4. Element Solutions Inc 3.11%
  5. Microsoft Corp 2.84%
  6. Spectrum Brands Holdings Inc 2.73%
  7. Goldman Sachs Group Inc 2.70%
  8. Acceleron Pharma Inc 2.59%
  9. Blackstone Group Inc 2.58%
  10. Louisiana-Pacific Corp 2.58%

Asset Allocation

Weighting Return Low Return High FTLB % Rank
Stocks
97.47% -3.45% 100.19% 31.33%
Cash
2.54% -28.61% 100.11% 58.23%
Preferred Stocks
0.00% 0.00% 5.20% 33.33%
Other
0.00% -5.49% 74.19% 44.18%
Convertible Bonds
0.00% 0.00% 27.25% 35.34%
Bonds
0.00% 0.00% 97.55% 42.97%

Stock Sector Breakdown

Weighting Return Low Return High FTLB % Rank
Healthcare
17.00% 0.00% 29.45% 10.62%
Technology
13.79% 0.00% 44.21% 81.42%
Financial Services
13.78% 0.00% 27.65% 35.40%
Consumer Defense
12.53% 0.00% 26.50% 7.08%
Basic Materials
10.66% 0.00% 64.14% 3.98%
Industrials
7.05% 1.81% 44.47% 84.96%
Real Estate
6.69% 0.00% 8.92% 4.42%
Communication Services
6.39% 0.00% 21.22% 85.40%
Consumer Cyclical
5.00% 0.00% 19.03% 95.58%
Utilities
4.08% 0.00% 14.20% 15.49%
Energy
3.03% 0.00% 65.73% 23.01%

Stock Geographic Breakdown

Weighting Return Low Return High FTLB % Rank
US
87.63% -3.45% 99.82% 45.38%
Non US
9.84% -0.07% 99.01% 15.66%

FTLB - Expenses

Operational Fees

FTLB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.20% 6.78% 67.65%
Management Fee 0.85% 0.00% 1.75% 56.05%
12b-1 Fee 0.00% 0.00% 1.00% 20.27%
Administrative Fee N/A 0.03% 0.28% N/A

Sales Fees

FTLB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FTLB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTLB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 207.00% 0.00% 456.80% 95.50%

FTLB - Distributions

Dividend Yield Analysis

FTLB Category Low Category High FTLB % Rank
Dividend Yield 2.41% 0.00% 8.16% 2.81%

Dividend Distribution Analysis

FTLB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FTLB Category Low Category High FTLB % Rank
Net Income Ratio 0.96% -2.13% 14.24% 35.98%

Capital Gain Distribution Analysis

FTLB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

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FTLB - Fund Manager Analysis

Managers

John Gambla


Start Date

Tenure

Tenure Rank

Jan 06, 2014

6.99

7.0%

John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.

Rob Guttschow


Start Date

Tenure

Tenure Rank

Jan 06, 2014

6.99

7.0%

Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 19.52 3.74 5.42