FT Vest Investment Grade & Target Income ETF
LQTI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Feb 24, 2025
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest Investment Grade & Target Income ETF (LQTI) is an actively managed exchange-traded fund that seeks current income with a secondary objective of capital appreciation by investing primarily in short-term U.S. Treasury securities and utilizing an options strategy on the iShares iBoxx Investment Grade Corporate Bond ETF (LQD); this includes purchasing deep in-the-money FLEX call options for synthetic exposure to LQD and selling weekly at-the-money call options to generate additional income, targeting an annual distribution level of 5.0% (before fees and expenses) above LQD's income yield, with at least 80% of net assets in securities offering exposure to investment-grade bonds or income-producing assets. The fund, with ticker LQTI and CUSIP 33738D747, was launched on February 12, 2025, and is domiciled in the United States, trading on NYSE Arca. It is advised by First Trust Advisors L.P., based in Wheaton, Illinois, with sub-advisor Vest Financial LLC, and features a net expense ratio of 0.65%, monthly distributions, and holdings concentrated in FLEX options on LQD alongside laddered U.S. Treasuries. In a key development, First Trust launched LQTI on February 12, 2025, alongside two companion Target Income ETFs—FT Vest High Yield & Target Income ETF (HYTI) and FT Vest 20+ Year Treasury & Target Income ETF (LTTI)—expanding its suite of Target Outcome Investments that leverage derivatives for enhanced income across fixed-income segments, in continued partnership with Vest Financial. The fund serves investors seeking high monthly income from investment-grade corporate bond exposure with modest growth potential, primarily retail and institutional clients in the U.S. market through exchange trading. As of late 2025, assets under management stand around $75-160 million, with no subsequent acquisitions, funding rounds, or major strategic shifts reported since inception.