FT Vest 20+ Year Treasury & Target Income ETF
$17.07−0.26 (−1.53%)
- Expense ratio
- 0.65%
- Fund size
- $15M
- 1Y return
- −3.7%
- Yield · Last 12 months
- 9.59%
- Holdings
- 4
- Volume · 30D
- 0M sh
- NAV per share
- $17.33
- 52W range
The ETF.net LTTI Grade
Score 41 of 100 sits in the C 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.CScore 47Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 16Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on LTTI
CMost long-bond option-income funds advertise a headline yield. LTTI aims at a moving one: roughly 5 percentage points above the yield of the 20+ year Treasury ETF it writes options on, funded by Treasuries plus a call spread.
The Fund seeks current income and, secondarily, capital appreciation. It combines U.S. Treasury investments with purchased and written call options on an underlying ETF.
Why people hold it
- The income target is a formula, not a slogan: an annual rate about 5 percentage points above the underlying long Treasury ETF's own yield, so the goal shifts as rates do.ftportfolios.com
- It buys calls as well as writing them on one long-bond ETF, a spread rather than a plain covered call, so the payoff is shaped differently than a straight buy-write like TLTW.ftportfolios.com
- The collateral is US Treasuries, not credit, and it pays monthly inside a standard 1940 Act ETF wrapper (no K-1).
Worth knowing
- At 0.65% a year it costs more than the typical fund in its group, and TLTW runs a buy-write on the same long-bond exposure for 0.35%.
- Launched in 2025, it is a small, lightly traded fund, so spreads can widen and the record to judge it on is short.
- The written calls trade away part of any long Treasury rally in exchange for income, and the Treasury leg still moves with long rates.
LTTI Holdings
- Other
- 4
- 100%
- 2026-10-30 iShares 20+ Year Treasury Bond ETF C 0.82
LTTI 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 | LTTI |
|---|---|
| Year to date | −3.9% |
| 1 month | −0.2% |
| 3 months | −3.8% |
| 1 year | −3.7% |
| 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 | LTTI |
|---|---|---|
| 2026 YTD | −3.9% | |
| 2025 | +3.7% |
LTTI in the news
ETF.net Research hasn’t filed on LTTI yet — coverage lands here as it’s written.
LTTI Dividends
- 9.59%
- $1.66
- $0.13 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 2, 2026 | $0.13 |
| Aug 3, 2026 | Aug 4, 2026 | $0.13 |
| 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 | $0.14 |
| Feb 2, 2026 | Feb 3, 2026 | $0.14 |
| Jan 2, 2026 | Jan 5, 2026 | $0.13 |
| Dec 1, 2025 | Dec 2, 2025 | $0.14 |
| Nov 3, 2025 | Nov 4, 2025 | $0.14 |
| Oct 1, 2025 | Oct 2, 2025 | $0.14 |
LTTI Risk
- 8.0%
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.
- −0.83
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.
- −9.0%
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.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LTTI Cost
- The middle half of Treasury Option Income funds
- Median 0.65%
6 of the 13 Treasury Option Income funds charge less.