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HYTI

GradeBNew York Stock Exchange Arca

FT Vest High Yield & Target Income ETF

Option Income · First Trust · Inception 2025-02-12

$18.58−0.14 (−0.75%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Feb 12, 2025.
Intraday session: down, 33 prints from 18.72 to 18.58. Range 18.56 to 18.71. Use the arrow keys to read each point.$18.55$18.60$18.65$18.7010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$94M
1Y return
+3.3%
Yield · Last 12 months
10.56%
Holdings
4
Volume · 30D
0M sh
NAV per share
$18.69
52W range
low $18.60high $20.15

The ETF.net HYTI Grade

B

62/ 100

Rank 9 of 25 in Index Option Income⁠

Confidence High

Six-pillar profile for HYTI. Scores out of 100: Cost 77, Risk 72, Mission 100, Tradability 36, Holdings 48, Durability 63. Strongest: Mission (100). Weakest: Tradability (36). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 77
    Category rank6/25 · top 24%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/5 · top 20%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank2/23 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 36
    Category rank18/25 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 48
    Category rank11/19 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 63
    Category rank11/25 · top 44%

Graded as of Sep 22, 2026

Our read on HYTI

ETF.net Research

BHigh yield income without owning high yield bonds. HYTI holds U.S. Treasuries and layers purchased and written call options on a high yield corporate bond ETF, seeking current income paid monthly.

Stated mandate

The Fund seeks current income, with capital appreciation as a secondary objective. Its strategy combines U.S. Treasury securities with purchased and written call options on the iShares iBoxx High Yield Corporate Bond ETF.

Why people hold it

  1. 01Undercuts the typical options-income fund on fee: 0.65% a year versus a 0.75% category median.
  2. 02The credit exposure is synthetic. Collateral sits in U.S. Treasuries and the high yield tilt comes from options, so there is no basket of individual junk bonds underneath.ftportfolios.com
  3. 03Income is designed to arrive monthly, and the portfolio matches the mandate its documents describe: Treasuries plus the option overlay, nothing bolted on.
  4. 04Lands in the upper half of a crowded field of index-overlay options-income funds on our review.

Worth knowing

  1. 01Written calls are the engine and the ceiling. Selling them funds the income, and it gives up part of any sharp rally in the reference ETF.ftportfolios.com
  2. 02Thinly traded, so bid-ask spreads can run wider and less predictably than on the big bond index ETFs.
  3. 03Launched in 2025, so the record does not yet span a full credit cycle.

HYTI Holdings

As of Sep 21, 2026, 5:48 PM
Asset class
Other
Holdings
4
Top-10 weight
100%
Largest holding
2026-10-30 iShares iBoxx $ High Yield Corporate Bond ETF C 0.7998.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2026-10-30 iShares iBoxx $ High Yield Corporate Bond ETF C 0.7998.16%11,994$93M1
002—US Dollar0.73%690,697$691K394
003—U.S. Treasury Bill, 0%, due 10/29/20260.60%565,600$563K35
004—U.S. Treasury Bill, 0%, due 09/29/20260.59%555,500$555K34

Showing 1–4 of 4 holdings

HYTI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HYTI$10,332
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HYTI $10,332. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for HYTI. Periods over one year show the average yearly return.
PeriodHYTI
Year to date+2.1%
1 month−0.6%
3 months+0.3%
1 year+3.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HYTI
YearReturn barHYTI
2026 YTD+2.1%
2025+7.3%

Since listing, Feb 12, 2025

HYTI in the news

ETF.net Research hasn’t filed on HYTI yet — coverage lands here as it’s written.

HYTI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
10.56%Last 12 months
Payout per share
$1.98Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 18 payments from 2025 to 2026 YTD. Apr 1, 2025 $0.26; May 1, 2025 $0.17; Jun 2, 2025 $0.17; Jul 1, 2025 $0.17; Aug 1, 2025 $0.17; Sep 2, 2025 $0.17; Oct 1, 2025 $0.17; Nov 3, 2025 $0.17; Dec 1, 2025 $0.17; Jan 2, 2026 $0.17; Feb 2, 2026 $0.16; Mar 2, 2026 $0.16; Apr 1, 2026 $0.16; May 1, 2026 $0.17; Jun 1, 2026 $0.17; Jul 1, 2026 $0.16; Aug 3, 2026 $0.16; Sep 1, 2026 $0.16. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 2, 2026$0.16
Aug 3, 2026Aug 4, 2026$0.16
Jul 1, 2026Jul 2, 2026$0.16
Jun 1, 2026Jun 2, 2026$0.17
May 1, 2026May 4, 2026$0.17
Apr 1, 2026Apr 2, 2026$0.16
Mar 2, 2026Mar 3, 2026$0.16
Feb 2, 2026Feb 3, 2026$0.16
Jan 2, 2026Jan 5, 2026$0.17
Dec 1, 2025Dec 2, 2025$0.17
Nov 3, 2025Nov 4, 2025$0.17
Oct 1, 2025Oct 2, 2025$0.17

HYTI Risk

How much the fund’s monthly returns vary, scaled to a year.
2.6%
Annualised · 18 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.85
vs 3-month T-bills · 18 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−4.5%
19 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HYTI Cost

Expense ratio0.65%
  • The middle half of Index Option Income funds
  • Median 0.81%

5 of the 25 Index Option Income funds charge less.

HYTI costs $65.00 a year on $10,000. The median Index Option Income fund costs $81.00.