FT Vest Gold Strategy Target Income ETF
IGLD
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Mar 4, 2021
- CIK
- 0001090159
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest Gold Strategy Target Income ETF (IGLD) is an exchange-traded fund that seeks to generate current income and capped gains based on exposure to the price of gold bullion through a target income strategy. The ETF employs a synthetic covered call options strategy on the FT Cboe Vest Gold Strategy Target Income Index, selling call options on gold futures to produce monthly income distributions while providing limited upside participation in gold price appreciation. Its primary products include shares traded on the Cboe BZX Exchange under the ticker IGLD, with assets under management focused on gold-linked derivatives and collateral holdings in short-term U.S. Treasuries and cash equivalents; it targets investors seeking income from commodities without direct physical gold ownership. IGLD operates within the exchange-traded products segment of the financial services industry, serving retail and institutional investors interested in gold exposure with income enhancement. The fund was launched in 2023 and is managed by FT Cboe Vest Company, LLC, a subsidiary of First Trust Advisors LP, with principal operations in the United States. It has no significant international geographic footprint beyond U.S. exchange listing and global gold market exposure. In recent developments, IGLD has maintained steady assets under management amid volatile gold markets, with no major acquisitions, funding rounds, or strategic shifts reported in the last 1-2 years; however, the broader FT Cboe Vest suite expanded its target income ETF offerings, enhancing distribution capabilities for income-focused strategies. The fund continues to emphasize monthly payouts, with distribution rates adjusting to gold volatility and options premiums. No name changes, partnerships, or reorganizations have occurred recently.