Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
First Trust Balanced Income ETF
$21.24−0.01 (−0.02%)
- 0.25%
- $27M
- +9.0%
- 7.90%
- 0M sh
- $21.25
- low $19.81high $24.14
The ETF.net FTBI Grade
B
Score 66 out of 100
- 4 of 15
Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A96 out of 100Rank 1 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.B67 out of 100Rank 7 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 10 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 10 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 7 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 11 of 15
Our read on FTBI
BOne ticket, one wrapper. FTBI holds a Bloomberg index of other ETFs to build a moderate stock-and-bond mix tilted toward income, and it pays monthly. A 2025 First Trust launch doing the allocation homework in-house.
The Fund seeks to match the price and yield, before fees and expenses, of the Bloomberg Moderate Allocation Income Focus Index. It normally invests at least 80% of net assets in the ETFs comprising that Index.
Why people hold it
- A fund of funds: normally at least 80% of net assets sit in the ETFs making up the Bloomberg Moderate Allocation Income Focus Index. One buy, a whole multi-asset sleeve.ftportfolios.com
- The mix follows a published Bloomberg index rather than a manager's judgment call, so the stock, bond and income tilts are rules-based and disclosed.
- Distributions land monthly, matching the rhythm income-focused holders usually want from a balanced portfolio.
- Standard 1940 Act ETF structure: 1099 tax reporting, no partnership K-1 paperwork.
Worth knowing
- At 0.97%, the fee runs above the typical allocation fund and well above index-driven income peers like INCM at 0.38%. Packaging convenience has a price here.
- Launched in 2025 with a small asset base and light trading. Use limit orders, and know the live track record is still short.
- Moderate allocation means moderate on both ends: the bond and income sleeves damp the ride relative to an all-equity fund, in either direction.
FTBI Holdings
- Other
- 16
- 79%
- FTHI
Geography
- United States100.00%
FTBI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FTBI$10,904
Returns run to the Oct 12, 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 | FTBI |
|---|---|
| Year to date | +6.0% |
| 1 month | −0.8% |
| 3 months | −0.5% |
| 1 year | +9.0% |
| 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 | FTBI |
|---|---|---|
| 2026 YTD | +6.0% | |
| 2025 | +11.1% |
FTBI in the news
FTBI Dividends
- 7.90%
- $1.68
- $0.14 per share
- Monthly
Distribution history
FTBI Risk
- 6.6%
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.
- 1.15
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.
- −5.3%
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.
- 0.47
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FTBI Cost
0.25%
FTBI0.25%
- The middle half of Multi-Asset Income funds
- Median 0.65%
No Multi-Asset Income fund charges less.
Other funds in Multi-Asset Income
- AIYLDiShares Morningstar Multi-Asset Income ETFExpense ratio 0.50%1 year return +8.3%
- BINKMState Street Income Allocation ETFExpense ratio 0.50%1 year return +6.4%
- BMDIVMulti-Asset Diversified Income Index FundExpense ratio 0.83%1 year return +9.9%
- BALTYGlobal X Alternative Income ETFExpense ratio 0.50%1 year return +8.5%
- CLOTILiberty One Tactical Income ETFExpense ratio 1.04%1 year return +3.5%