Symbols

FTKI

First Trust Small Cap BuyWrite Income ETF·NYSE

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Key Stats

Assets Under Management

1.98MUSD

Fund Flows (1Y)

960.90KUSD

Dividend Yield

9.50%

Discount/Premium to NAV

0.03%

Shares Outstanding

100.00K

Expense Ratio

0.85%

About First Trust Small Cap BuyWrite Income ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FTKI

Inception Date

Feb 26, 2025

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FTKI is an actively managed portfolio of US-listed small-cap stocks overlaid by a naked call-writing strategy. The fund manager selects equity constituents based on several factors, including trading liquidity, market cap, price level, sector classification, and contribution to risk and return. To generate additional cash flow, the fund writes calls on the Russell 2000 or related small-cap ETFs, seeking a notional value of 50-100% of the fund's assets. The fund appears to be primarily model-driven in its portfolio selection. Still, the active management wrapper allows the fund manager to take advantage of market anomalies during periods of high volatility.