FT Vest Investment Grade & Target Income ETF
$18.02−0.02 (−0.09%)
- 0.65%
- $207M
- −3.0%
- 9.60%
- 0.1M sh
- $18.01
- low $17.80high $22.17
The ETF.net LQTI Grade
B
Score 67 out of 100
- 5 of 25
Score 67 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.A81 out of 100Rank 5 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 3 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 14 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 2 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 18 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 8 of 25
Our read on LQTI
BCorporate-bond income without the corporate bonds. LQTI holds US Treasuries and runs purchased and written calls on an investment-grade bond ETF, targeting that fund's distribution rate plus 5 percentage points, paid monthly.
The Fund seeks current income and secondarily capital appreciation through U.S. Treasury securities and purchased and written call options, including FLEX Options, on its investment-grade corporate bond ETF underlying.
Why people hold it
- The payout target is a formula, not a guess: the underlying investment-grade bond ETF's annual distribution rate plus 5 percentage points, distributed monthly.ftportfolios.com
- 0.65% a year, under the going rate for option-income funds in its peer group.
- The bonds it actually owns are US Treasuries. Corporate credit exposure arrives through FLEX options instead of a pile of individual issues.ftportfolios.com
- The portfolio does what the prospectus says it does, which puts it among the stronger implementations in the option-income overlay group.
Worth knowing
- First Trust discloses that distributions can include return of capital, so part of a monthly check may be your own money coming back.ftportfolios.com
- Written calls sell away upside on the reference bond ETF in exchange for premium. A strong credit rally is trimmed at the top.
- Launched February 2025, so there is not yet a long record showing how the income target behaves across rate and credit swings.
LQTI Holdings
- Other
- 3
- 100%
- 2026-10-30 iShares iBoxx $ Investment Grade Corporate Bond ETF C 1.06
LQTI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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LQTI$9,701
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 | LQTI |
|---|---|
| Year to date | −3.4% |
| 1 month | −1.1% |
| 3 months | −3.1% |
| 1 year | −3.0% |
| 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 | LQTI |
|---|---|---|
| 2026 YTD | −3.4% | |
| 2025 | +7.5% |
LQTI in the news
Category Review
Index option income was not one bet this year
LQTI Dividends
- 9.60%
- $1.73
- $0.14 per share
- Monthly
Distribution history
LQTI Risk
- 4.2%
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.
- −0.79
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.
- −5.6%
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.
- 0.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LQTI Cost
0.65%
LQTI0.65%
- The middle half of Index Option Income funds
- Median 0.81%
4 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BIDUBAptus International Enhanced Yield ETFExpense ratio 0.44%1 year return +23.2%
- BACYNFT Vest Laddered Autocallable Barrier & Income ETFExpense ratio 0.75%1 year return —
- BCAGECalamos Autocallable Growth ETFExpense ratio 0.74%1 year return —
- BHYTIFT Vest High Yield & Target Income ETFExpense ratio 0.65%1 year return +3.2%
- BHOLAJPMorgan International Hedged Equity Laddered Overlay ETFExpense ratio 0.68%1 year return +10.2%