FT Vest 20+ Year Treasury & Target Income ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$16.59+0.06 (+0.36%)
- 0.65%
- $14M
- −9.3%
- 9.96%
- 0M sh
- $16.51
- low $16.02high $20.93
The ETF.net LTTI Grade
D
Score 37 out of 100
- 12 of 14
Score 37 of 100 falls in the D 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.C47 out of 100Rank 8 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 3 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F15 out of 100Rank 14 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 12 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 10 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 8 of 14
Our read on LTTI
DMost 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
- 3
- 100%
- 2026-10-30 iShares 20+ Year Treasury Bond ETF C 0.82
Sectors
- Government100.0%
LTTI 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.
LTTI$9,071
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 | LTTI |
|---|---|
| Year to date | −7.5% |
| 1 month | −3.0% |
| 3 months | −6.0% |
| 1 year | −9.3% |
| 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 | −7.5% | |
| 2025 | +3.7% |
LTTI in the news
LTTI Dividends
- 9.96%
- $1.65
- $0.13 per share
- Monthly
Distribution history
LTTI Risk
- 8.6%
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.
- −1.11
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.
- −11.9%
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.
- 0.10
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
0.65%
LTTI0.65%
- The middle half of Treasury Option Income funds
- Median 0.65%
6 of the 13 Treasury Option Income funds charge less.
Other funds in Treasury Option Income
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- CLQDMAmplify ETF Trust - Amplify LQD Investment Grade 12% Target Income ETFExpense ratio 0.54%1 year return —
- DFIAXNicholas Fixed Income Alternative ETFExpense ratio 0.97%1 year return +2.1%
- DHYGMAmplify ETF Trust - Amplify HYG High Yield 10% Target Income ETFExpense ratio 0.89%1 year return —
- FFIYYGraniteshares YieldBOOST 20Y+ Treasuries ETFExpense ratio 1.07%1 year return —