Key stats
About FT Vest High Yield & Target Income ETF
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Inception date
Feb 12, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
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
ISIN
US33738D7396
HYTI is an actively managed fund that aims for an annual rate of approximately 5%, before fees and expenses, above the current annual income yield of the iShares iBoxx High Yield Corporate Bond ETF (HYG). The underlying ETF holds USD-denominated, high-yield corporate bonds of any maturity. To achieve its objectives, the fund provides synthetic exposure to HYG while utilizing a partial call writing strategy. Synthetic exposure to the underlying ETF is achieved through a combination of purchased call options and short-term US Treasury securities. The fund then sells weekly, at-the-money FLEX call options on the underlying ETF, which are either cash settled and/or physically settled European style FLEX Options or physically settled American style exchange-traded options. Overall, HYTI aims to provide monthly distributions from the FLEX Option Discount, US Treasury securities, and option premiums. However, there is no guarantee that the funds distribution target will be obtained.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants96.97%
Cash2.44%
Government0.59%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYTI last dividends amounted to 0.17 USD. The month before, the issuer paid 0.17 USD in dividends, which shows a 0.54% decrease.
HYTI assets under management is 30.00 M USD. It's risen 10.93% over the last month.
HYTI fund flows account for 29.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HYTI pays dividends to its holders with the dividend yield of 11.13%. The last dividend (Sep 3, 2025) amounted to 0.17 USD. The dividends are paid monthly.
HYTI shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Feb 12, 2025, and its management style is Active.
HYTI expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
HYTI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYTI invests in cash.
HYTI trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.