FT Vest Investment Grade & Target Income ETF
$18.30−0.21 (−1.14%)
- Expense ratio
- 0.65%
- Fund size
- $243M
- 1Y return
- −1.0%
- Yield · Last 12 months
- 9.40%
- Holdings
- 4
- Volume · 30D
- 0.1M sh
- NAV per share
- $18.52
- 52W range
The ETF.net LQTI Grade
Score 64 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 77Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 74Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
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
- 4
- 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.
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 | LQTI |
|---|---|
| Year to date | −1.6% |
| 1 month | −0.4% |
| 3 months | −2.0% |
| 1 year | −1.0% |
| 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 | −1.6% | |
| 2025 | +7.5% |
LQTI in the news
ETF.net Research hasn’t filed on LQTI yet — coverage lands here as it’s written.
LQTI Dividends
- 9.40%
- $1.74
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 2, 2026 | $0.14 |
| Aug 3, 2026 | Aug 4, 2026 | $0.14 |
| Jul 1, 2026 | Jul 2, 2026 | $0.14 |
| Jun 1, 2026 | Jun 2, 2026 | $0.14 |
| May 1, 2026 | May 4, 2026 | $0.14 |
| Apr 1, 2026 | Apr 2, 2026 | $0.14 |
| Mar 2, 2026 | Mar 3, 2026 | $0.15 |
| Feb 2, 2026 | Feb 3, 2026 | $0.15 |
| Jan 2, 2026 | Jan 5, 2026 | $0.15 |
| Dec 1, 2025 | Dec 2, 2025 | $0.15 |
| Nov 3, 2025 | Nov 4, 2025 | $0.15 |
| Oct 1, 2025 | Oct 2, 2025 | $0.15 |
LQTI Risk
- 3.6%
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.
- −0.40
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.
- −3.9%
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
- The middle half of Index Option Income funds
- Median 0.81%
5 of the 25 Index Option Income funds charge less.