First Trust BuyWrite Income ETF
FTHI
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- First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that seeks to provide current income and total return by investing in a portfolio of U.S. equity securities and selling covered call options on those securities. The fund employs a buy-write strategy, holding a diversified portfolio of large- and mid-cap stocks selected from the S&P 500 Index or Nasdaq-100 Index, while simultaneously writing out-of-the-money call options on the same portfolio to generate premium income; this approach aims to enhance yield in various market conditions while offering some downside protection from option premiums. FTHI offers investors high monthly distributions derived primarily from option premiums and dividends, with a focus on sectors including technology, financials, healthcare, and consumer discretionary. The ETF operates within the covered call segment of the exchange-traded products industry, targeting income-oriented investors such as retirees, institutions, and tactical allocators seeking enhanced yield with equity exposure. It is managed by First Trust Advisors LP, with geographic operations centered in the United States and listed on the Nasdaq Stock Exchange. Launched in 2014, the fund is domiciled in the U.S. with no significant subsidiaries or parent company relationships beyond its sponsor. In recent developments, FTHI has maintained its core strategy amid market volatility, with no major structural changes such as mergers, spin-offs, or strategy pivots reported in the last 1-2 years; however, it benefited from increased investor interest in covered call ETFs during the 2024-2025 period of elevated interest rates and equity rallies, resulting in steady assets under management growth. The fund continues to distribute monthly income without alterations to its benchmark or option overlay methodology, reflecting stability in First Trust's options-based ETF lineup.