FT Vest Growth Strength & Target Income ETF
$20.59−0.04 (−0.17%)
- Expense ratio
- 0.85%
- Fund size
- $2M
- 1Y return
- +6.5%
- Yield · Last 12 months
- 8.25%
- Holdings
- 51
- Volume · 30D
- 0M sh
- NAV per share
- $20.57
- 52W range
The ETF.net FGSI Grade
Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 23Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 23Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 35Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 87Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 38Category rank
Our read on FGSI
DMost S&P 500 covered-call funds sell calls on the index they own. FGSI owns roughly 50 growth-and-quality screened US stocks and writes calls on the S&P 500 instead, aiming for monthly income at a set spread over the index dividend yield.
The Fund seeks current income first and capital appreciation second. It primarily holds U.S. exchange-traded stocks selected to track The Growth StrengthTM Index and sells U.S.-traded calls on the S&P 500® Index or ETFs tracking it.
Why people hold it
- The income goal is written into the prospectus: an annual rate 8% above the S&P 500's current dividend yield, paid out monthly.sec.gov
- The equity sleeve isn't a plain index tracker. Roughly 50 US stocks screened for growth, profitability and quality via First Trust's Growth Strength Index.ftportfolios.com
- Because the calls sit on the S&P 500 rather than on its own shares, no individual holding gets called away, though index moves still drive the option leg.sec.gov
Worth knowing
- At 0.85% a year it costs more than the typical S&P 500 options-income fund, where the median is nearer 0.60% and big peers like IVVW and GPIX charge a fraction of that.sec.gov
- It launched in mid-2025 and is still a small, lightly traded fund, so trading costs can run wider than in the category's established names.
- First Trust discloses that distributions may include return of capital, meaning part of a payout can be capital coming back rather than income earned.sec.gov
FGSI Holdings
- Other
- 51
- 24%
- NEM
Sectors
- Technology36.2%
- Health Care16.0%
- Financials13.9%
- Industrials11.0%
- Consumer Discr.6.8%
- Cons. Staples5.9%
- Communication5.4%
- Materials2.7%
- Energy2.2%
Geography
- United States91.93%
- Switzerland4.09%
- Singapore2.17%
- Ireland1.81%
FGSI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FGSI |
|---|---|
| Year to date | +8.5% |
| 1 month | −2.5% |
| 3 months | +4.3% |
| 1 year | +6.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FGSI |
|---|---|---|
| 2026 YTD | +8.5% | |
| 2025 | +4.5% |
FGSI in the news
ETF.net Research hasn’t filed on FGSI yet — coverage lands here as it’s written.
FGSI Dividends
- 8.25%
- $1.70
- $0.15 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 21, 2026 | Aug 31, 2026 | $0.15 |
| Jul 21, 2026 | Jul 31, 2026 | $0.14 |
| Jun 25, 2026 | Jun 30, 2026 | $0.14 |
| May 21, 2026 | May 29, 2026 | $0.14 |
| Apr 21, 2026 | Apr 30, 2026 | $0.14 |
| Mar 26, 2026 | Mar 31, 2026 | $0.14 |
| Feb 20, 2026 | Feb 27, 2026 | $0.14 |
| Jan 21, 2026 | Jan 30, 2026 | $0.14 |
| Dec 12, 2025 | Dec 31, 2025 | $0.14 |
| Nov 21, 2025 | Nov 28, 2025 | $0.14 |
| Oct 21, 2025 | Oct 31, 2025 | $0.15 |
| Sep 25, 2025 | Sep 30, 2025 | $0.15 |
FGSI Risk
- 8.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.88
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FGSI Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
37 of the 51 S&P 500 Option Income funds charge less.