FT Vest 20+ Year Treasury & Target Income ETF (LTTI)
FT Vest 20+ Year Treasury & 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 $17.45, down 0.37% on the session, giving a market capitalisation of $14.8M. Its beta of 0.09 implies it has historically moved less than the broad market.
The FT Vest 20+ Year Treasury & Target Income ETF, or "the Fund," primarily aims to deliver consistent income to shareholders, while also pursuing capital growth as a secondary objective. Typically, to achieve these goals, the Fund allocates capital to U.S. government debt instruments and employs a sophisticated options strategy. This strategy entails both purchasing and writing (selling) various U.S. exchange-traded call options, including Flexible Exchange options, which are linked to the performance of the iShares 20+ Year Treasury Bond ETF. A fundamental aspect of its operation is that, under normal market conditions, at least 80% of the Fund's net assets (inclusive of any borrowed capital for investment) will be invested in holdings that offer exposure to U.S. Treasury securities.
FT Vest 20+ Year Treasury & Target Income ETF is most often compared with the following Financial Services names: