FTHI

First Trust BuyWrite Income ETF

SPYIssuer: First TrustInception: January 6, 2014

5.8

Overall Score

Strategy & Profile

First Trust BuyWrite Income ETF — actively managed covered call strategy on a diversified portfolio of US large cap stocks. Selects stocks and writes calls with discretion similar to DIVO approach.

TTM Yield: ~8%

Strengths

  • ✓Active management approach
  • ✓Long track record (since 2014)
  • ✓Good 3-year performance

Weaknesses

  • ✗High expense ratio (0.85%)
  • ✗Lower AUM than major peers
  • ✗Less well known

Investor Profile

Investor seeking actively managed covered call strategy

Verdict

Underrated fund with solid track record — the high expense ratio is the main drag

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Key Metrics

Expense Ratio

0.850%

Inception Date

January 6, 2014

Benchmark

SPY

Category

Covered Call - Large Cap

Distribution Frequency

Monthly

Maturity Rating

5/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Other ETFs benchmarked on SPY

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.