FT Vest High Yield & Target Income ETF (HYTI)
FT Vest High Yield & Target Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $18.95, up 0.05% on the session, giving a market capitalisation of $91.0M. Its beta of 0.14 implies it has historically moved less than the broad market.
The FT Vest High Yield & Target Income ETF (HYTI) is designed primarily to provide investors with a consistent income stream, while also pursuing a supplementary objective of capital growth. Under typical market conditions, the Fund achieves its investment goals through a two-pronged strategy. This involves holding U.S. Treasury securities alongside an options overlay. The options component consists of both purchasing and writing (selling) U.S. exchange-traded call options, which include Flexible Exchange (FLEX) options, all benchmarked against the iShares iBoxx High Yield Corporate Bond ETF. A core principle of the Fund, under normal market circumstances, is to commit at least 80% of its net assets (including any funds acquired through borrowing) to investments that offer exposure to high-yield or other income-producing securities.
FT Vest High Yield & Target Income ETF is most often compared with the following Financial Services names: