FT Vest Growth Strength & Target Income ETF
FGSI
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- FT Vest Growth Strength & Target Income ETF (FGSI) is an actively managed exchange-traded fund that seeks current income through investments in U.S. exchange-traded equity securities tracking The Growth Strength Index and an option strategy involving the sale of call options on the S&P 500 Index or S&P 500-tracking exchange-traded funds; it pursues a secondary objective of capital appreciation by targeting distributions approximately 8% above the S&P 500 Index's annual dividend yield, derived from stock dividends and option premiums, with monthly payouts. The fund invests at least 80% of its net assets in securities providing exposure to Growth Strength Companies—characterized by strong balance sheets, high liquidity, earnings and cash flow growth, and financial strength—and derivatives for income generation; its portfolio typically holds around 50-53 equities with significant weighting in technology services (about 25-34%), electronic technology, finance, and producer manufacturing, supplemented by cash positions of under 1%. First Trust Advisors L.P. serves as investment adviser and First Trust Portfolios L.P. as distributor, with Vest Financial LLC as sub-adviser; the ETF operates within the derivative income category, domiciled in the United States, listed on Nasdaq, and available primarily to U.S. investors. Launched on June 25, 2025, as part of First Trust's expansion of its Target Outcome ETF lineup—which grew to 118 funds with over $29.7 billion in assets as of May 30, 2025—FGSI represents a recent strategic addition leveraging Nasdaq's Growth Strength Index and Vest's Target Income Strategy for enhanced yield and growth participation.