FT Vest Gold Strategy Target Income ETF

Frequently Asked Questions About IGLD

What does IGLD invest in?

The FT Vest Gold Strategy Target Income ETF, referred to as "the Fund," pursues two primary goals: first, to offer investors exposure to the price fluctuations of the SPDR Gold Trust (its "Underlying ETF"), and second, to deliver a consistent income stream. To achieve these objectives, the Fund allocates the majority of its assets to secure U.S. Treasury securities. Additionally, it invests in a wholly-owned subsidiary. This subsidiary, in turn, holds a portfolio of various exchange-traded options, including specialized FLexible Exchange Options ("FLEX Options"), all of which are designed to track the performance of the aforementioned Underlying ETF.

What is the expense ratio of IGLD?

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

What is IGLD's distribution yield?

IGLD's trailing-twelve-month yield is 22.03%, calculated from the sum of distributions over the past year divided by the current price.

How does IGLD's covered-call strategy work?

IGLD 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 IGLD?

FT Vest Gold Strategy Target Income ETF (IGLD) manages $506.3M 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 IGLD actively managed or an index fund?

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