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.
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
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.
Frequently asked
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.