FTLB

Fund Description
The Funds investment objective is to provide current income. The Fund will pursue its objective by investing in equity securities listed on U.S. exchanges of all market capitalizations and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poors 500 Index (the "Index") and writing (selling) U.S. exchange-traded covered call options on the Index. Under normal market conditions, the Fund invests primarily in equity securities listed on U.S. exchanges of all market capitalizations. The Fund will also employ an option strategy in which it will write U.S. exchange-traded covered call options on the Index in order to seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party. These premiums may be distributed to shareholders on a monthly basis or used to purchase U.S. exchange-traded put options on the Index that seek to provide the Fund with downside protection and which are expected to reduce the Funds price sensitivity to declining markets. The market value of the option strategy may be up to 20% of the Funds overall net asset value.
Fund Profile
Fund Name First Trust Hedged BuyWrite Income ETF
Fund Exchange Ticker FTLB
Fund Sponsor First Trust
Fund ISIN US33738R4074
Net Expense Ratio 0.85 %
Fund Inception Date 7 January 2014
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Factor & Thematic
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 31 July 2020
Asset Under Management 6.14 Million (USD)
1 Month Total Return 3.37 %
Year To Date Return -6.58 %
1 Year Total Return -4.86 %
3 Year Annualized Total Return 1.15 %
NAV 20.48
Share Outstanding 300,002
Top 10 Holdings (30 July 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
APPLE INC AAPL EQUI 0.0363000000
MICROSOFT CORP MSFT EQUI 0.0357000000
AMAZON.COM INC AMZN EQUI 0.0295000000
EBAY INC EBAY EQUI 0.0288000000
JOHNSON & JOHNSON JNJ EQUI 0.0270000000
PROGRESSIVE CORP PGR EQUI 0.0267000000
CHECK POINT SOFTWARE TECH CHKP EQUI 0.0266000000
KROGER CO KR EQUI 0.0251000000
WALMART INC WMT EQUI 0.0246000000
HSBC HOLDINGS PLC-SPONS ADR HSBC EQUI 0.0232000000