First Trust Balanced Income ETF
FTBI
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- First Trust Balanced Income ETF (FTBI) is an actively managed exchange-traded fund that seeks investment results corresponding generally to the price and yield of the Bloomberg Moderate Allocation Income Focus Index. The fund invests at least 80% of its net assets in other exchange-traded funds comprising the index, with a targeted allocation of approximately 60% to target income and buy-write income equity ETFs across core, growth, and value styles; 35% to actively managed investment grade fixed income ETFs; and 5% to target income commodities ETFs, including exposure to gold via FLEX options. Top holdings include FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), FT Vest Nasdaq Dividend Achievers Target Income ETF (NDIV), First Trust BuyWrite Income ETF (FTHI), FT Vest Technology Dividend Target Income ETF (TDVI), and First Trust Core Investment Grade ETF (FTCB). Launched on May 28, 2025, and listed on NYSE Arca, FTBI is issued by First Trust Exchange-Traded Fund VI and advised by First Trust Advisors L.P., a privately held firm founded in 1991 and headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois. The fund targets investors seeking moderate allocation income through a diversified, income-generating portfolio and pays monthly distributions, with the most recent announced at $0.1276 per share in November 2025. Assets under management stood at approximately $8.50 million as of late 2025, with a net expense ratio of 0.97%. Since inception, FTBI has maintained its core strategy without major reorganizations, partnerships, or acquisitions reported, focusing instead on consistent index replication and income distribution amid volatile market conditions. The fund operates primarily in the United States, available to U.S. investors through standard brokerage channels.