# FT Vest DJIA Dogs 10 Target Income ETF (DOGG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dogg for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Multi-Asset - Strategy: Options Income · Inception: 2023-04-26 The FT Vest DJIA Dogs 10 Target Income ETF (DOGG) is primarily designed to generate ongoing income for investors, with a secondary objective of capital appreciation. To achieve this, the Fund typically invests in a combination of common equities, various exchange-traded options (including specialized Flexible EXchange Options, or FLEX Options), and short-duration U.S. government bonds under normal market conditions. A core element of its strategy is to gain exposure to the "Dogs of the Dow" – a selection comprising the ten stocks within the Dow Jones Industrial Average (DJIA) that boast the... ## Key Facts | Metric | Value | |---|---| | Price | $22.32 | | Expense Ratio | 0.75% | | Assets Under Management | $90.4M | | NAV | $22.04 | | Holdings Count | 41 | | Distribution Yield (TTM) | 8.63% | | Annual Distribution (TTM) | $1.93 /share | | Distribution Frequency | Monthly | | 52-Week Range | $19.92 – $23.50 | | Beta | 0.41 | ## Latest Distribution - Amount: $0.1623 /share - Ex-date: 2026-10-21 - Pay date: 2026-10-30 ## Frequently Asked Questions ### What does DOGG invest in? The FT Vest DJIA Dogs 10 Target Income ETF (DOGG) is primarily designed to generate ongoing income for investors, with a secondary objective of capital appreciation. To achieve this, the Fund typically invests in a combination of common equities, various exchange-traded options (including specialized Flexible EXchange Options, or FLEX Options), and short-duration U.S. government bonds under normal market conditions. A core element of its strategy is to gain exposure to the "Dogs of the Dow" – a selection comprising the ten stocks within the Dow Jones Industrial Average (DJIA) that boast the highest dividend yields, re-evaluated annually. The ETF accomplishes this both by directly acquiring these "Dogs of the Dow" equities and by creating synthetic positions. This synthetic exposure to the price fluctuations of the "Dogs" is constructed using a combination of put and call options alongside U.S. Treasury securities. Crucially, at least 80% of the Fund's net assets (including any borrowed capital for investment) must be allocated either to the actual "Dogs of the Dow" securities themselves or to options contracts that are based on these specific constituents. Ultimately, through both its direct and derivative investments linked to the "Dogs of the Dow," the Fund aims to offer investors access to a focused collection of major U.S. stock market companies. A primary goal is to deliver a steady income stream, targeting an annualized yield approximately 8% higher than the Dow Jones Industrial Average's own yield, prior to accounting for fees and expenses. ### What is the expense ratio of DOGG? FT Vest DJIA Dogs 10 Target Income ETF (DOGG) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations. ### What is DOGG's distribution yield? DOGG's trailing-twelve-month yield is 8.63%, calculated from the sum of distributions over the past year divided by the current price. ### How does DOGG's covered-call strategy work? DOGG 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 DOGG? FT Vest DJIA Dogs 10 Target Income ETF (DOGG) manages $90.4M 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 DOGG actively managed or an index fund? DOGG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does DOGG pay a distribution? Yes, FT Vest DJIA Dogs 10 Target Income ETF (DOGG) distributes distributions to shareholders. The trailing-twelve-month yield is 8.63%. Full distribution history is on this page. ### How often does DOGG pay distributions? FT Vest DJIA Dogs 10 Target Income ETF pays distributions Monthly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is DOGG's next ex-distribution date? The most recently announced ex-distribution date for DOGG was 2026-10-21. The next ex-date typically follows Monthly; once announced it appears at the top of the distribution history table on this page. ### Is DOGG's distribution sustainable? Covered-call ETFs like DOGG fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will DOGG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DOGG charge its expense ratio? The expense ratio is deducted in tiny daily slices from DOGG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DOGG cost more than a fund like VOO? DOGG is an options-income fund (current expense ratio 0.75%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares DOGG against the options-income cohort, not VOO. ### Are DOGG's distributions taxed at ordinary income or qualified-dividend rates? DOGG's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to DOGG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DOGG (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dogg - Distribution history: https://www.dividenddata.com/funds/dogg/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dogg/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dogg/expenses - Peer comparison: https://www.dividenddata.com/funds/dogg/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.