ETF overview
TDVI aims for an 8% annual distribution, before fees and expenses, over the annual dividend yield of the Nasdaq 100 Index. However, the delivery of the target income is not assured. Distributions stem from dividends from technology companies within the Nasdaq Technology Dividend Index and premiums from selling naked index call options. These options are European style, written at-the-money, and will have expirations of less than 30 days. Each week, TVDI attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the NDX and/or SPX or related ETFs. The income from stock dividends and option premiums is expected to be distributed monthly. Investors should be aware that selling naked index call options carries a high level of risk.
Fund facts
- Expense ratio
- 0.75%
- Fund assets
- 646.11M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 9, 2023
- Number of holdings
- 88
Breakdown
Holdings (88)
| Name | Ticker | Weight |
|---|---|---|
| Texas Instruments Incorporated | TXN | 8.74% |
| Microsoft Corporation | MSFT | 8.60% |
| International Business Machines Corporation | IBM | 8.19% |
| Broadcom Inc. | AVGO | 7.32% |
| Oracle Corporation | ORCL | 7.09% |
| QUALCOMM Incorporated | QCOM | 4.16% |
| Taiwan Semiconductor Manufacturing Company Limited (ADR) | TSM | 4.10% |
| Analog Devices, Inc. | ADI | 3.44% |
| Thomson Reuters Corporation | TRI | 2.72% |
| Salesforce, Inc. | CRM | 2.05% |
| and 75 more | ||
Similar ETFs
- CI Tech Giants Covered Call ETF Common UnitsTXF.TO · Overlap 30% · Expense ratio 0.71%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
FT Vest Technology Dividend Target Income ETF (TDVI)
- Expense ratio
- 0.75%
- Fund assets
- 646.11M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 9, 2023
- Number of holdings
- 88
| Name | Ticker | Weight |
|---|---|---|
| Texas Instruments Incorporated | TXN | 8.74% |
| Microsoft Corporation | MSFT | 8.60% |
| International Business Machines Corporation | IBM | 8.19% |
| Broadcom Inc. | AVGO | 7.32% |
| Oracle Corporation | ORCL | 7.09% |
| QUALCOMM Incorporated | QCOM | 4.16% |
| Taiwan Semiconductor Manufacturing Company Limited (ADR) | TSM | 4.10% |
| Analog Devices, Inc. | ADI | 3.44% |
| Thomson Reuters Corporation | TRI | 2.72% |
| Salesforce, Inc. | CRM | 2.05% |
| and 75 more | ||
TDVI aims for an 8% annual distribution, before fees and expenses, over the annual dividend yield of the Nasdaq 100 Index. However, the delivery of the target income is not assured. Distributions stem from dividends from technology companies within the Nasdaq Technology Dividend Index and premiums from selling naked index call options. These options are European style, written at-the-money, and will have expirations of less than 30 days. Each week, TVDI attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the NDX and/or SPX or related ETFs. The income from stock dividends and option premiums is expected to be distributed monthly. Investors should be aware that selling naked index call options carries a high level of risk.
- CI Tech Giants Covered Call ETF Common UnitsTXF.TO · Overlap 30% · Expense ratio 0.71%
Overlap is the share of assets the two funds hold in common.
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