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Fund RadarFilings Digest

Six First Trust single-stock income ETFs begin trading on Cboe

Four FT Vest single-stock income ETFs held $8.16 million on Wednesday, September 23, 2026, as Cboe listed six more at 0.85%. American Beacon filed a TLIE summary prospectus. No closures.

· 2 min read · By ETF.net Research

A high-angle view of a stock trading desk featuring printed financial charts and a smartphone displaying market trends.

Key takeaways

  • Ten single-stock income funds now, all charging the same fee.
  • August's first four hold just $8.16 million combined.
  • The 15% income target comes with no downside protection.
  • American Beacon slipped in a seventh 497K of the day.

Four First Trust single-stock income funds, listed in August on Apple XVAP, Nvidia XVNV, Tesla XVTS and Space Exploration Technologies Corp. Class A XVSP, held $8.16 million combined as of Wednesday. The same trust listed six more on Cboe BZX Wednesday at the same 0.85% fee, and nothing filed to close.

Each fund owns the named stock and a layered options book, targeting 15% annualized distributions, less expenses, above the S&P 500 forward yield. The strategy converts part of the stock's upside into current income and offers no downside protection. Vest Financial is the sub-adviser. First Trust dates the new series' inception to Tuesday, September 22; Cboe set the first trading session for Wednesday. The post-effective amendment that cleared these six to be offered ran Monday, September 14: First Trust files a 485BPOS for six FT Vest single-stock income series.

Six listings, one fee

What it holdsFundFee
AMD target incomeXVAD0.85%
Amazon target incomeXVAZ0.85%
Alphabet target incomeXVGL0.85%
Meta Platforms target incomeXVMT0.85%
Microsoft target incomeXVMS0.85%
Palantir target incomeXVPT0.85%

American Beacon Select Funds filed the day's seventh 497K, a summary prospectus for The London Company Income Equity ETF TLIE, an actively managed fund of income-producing equities priced at 0.67%.

First Trust has now listed ten of these single-name income funds. Four hold $8.16 million. The other six opened Wednesday.

ETFs in this story

—XVAPFirst Trust Exchange-Traded Fund IV - FT Vest APPL & Target Income ETF—XVNVFirst Trust Exchange-Traded Fund IV - FT Vest NVDA & Target Income ETF—XVTSFirst Trust Exchange-Traded Fund IV - FT Vest TSLA & Target Income ETF—XVSPFirst Trust Exchange-Traded Fund IV - FT Vest SPCX & Target Income ETF—XVADFT Vest AMD & Target Income ETF

Frequently asked questions

What do these six new ETFs actually hold?

Each fund owns one named stock, AMD, Amazon, Alphabet, Meta, Microsoft or Palantir, plus a layered options book.

What do they cost?

All six charge 0.85%, the same fee as the four listed in August.

What is the income target?

Each fund targets 15% annualized distributions, less expenses, above the S&P 500 forward yield.

Is there any downside protection?

No: the strategy converts part of the stock's upside into current income and offers no downside protection.

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