FTHI

First Trust BuyWrite Income ETF

SPYIssuer: First TrustInception: January 6, 2014

5.2

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