FT Vest Bitcoin Strategy & Target Income ETF

Frequently Asked Questions About DFII

What does DFII invest in?

The FT Vest Bitcoin Strategy & Target Income ETF is designed to offer investors limited exposure to Bitcoin's performance alongside the generation of substantial income. Typically, the fund commits at least 80% of its total assets (including any capital obtained through borrowing) to either instruments that track Bitcoin's value or other income-generating securities.

What is the expense ratio of DFII?

FT Vest Bitcoin Strategy & Target Income ETF (DFII) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is DFII's distribution yield?

DFII's trailing-twelve-month yield is 19.56%, calculated from the sum of distributions over the past year divided by the current price.

How does DFII's covered-call strategy work?

DFII sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is DFII?

FT Vest Bitcoin Strategy & Target Income ETF (DFII) manages $21.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is DFII actively managed or an index fund?

DFII's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.