FT Vest 20+ Year Treasury & Target Income ETF
LTTI
New York Stock Exchange Arca- -
USD
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Feb 25, 2025
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest 20+ Year Treasury & Target Income ETF (LTTI) is an actively managed exchange-traded fund that seeks current income with a secondary objective of capital appreciation by providing synthetic exposure to U.S. Treasury securities with maturities greater than 20 years and utilizing an options overlay strategy; this includes purchasing deep in-the-money and at-the-money call options, including FLEX Options, on the iShares 20+ Year Treasury Bond ETF (TLT), while also holding a laddered portfolio of short-term U.S. Treasury securities. Under normal market conditions, at least 80% of the fund's net assets are invested in securities offering exposure to U.S. Treasury securities or income-producing securities, with the strategy involving weekly sales of at-the-money call options to generate premiums that target annual distributions of 5% above TLT's income yield before fees and expenses. The fund trades on the NYSE Arca exchange under the ticker LTTI with CUSIP 33738D721 and a total expense ratio of 0.65%; First Trust Advisors L.P. serves as the investment adviser, with Vest Financial LLC acting as sub-adviser, and First Trust Portfolios L.P. as distributor. Launched on February 12, 2025, and headquartered in Wheaton, Illinois, the fund operates within the fixed income segment targeting investors seeking enhanced income from long-duration U.S. Treasuries alongside potential upside participation averaging approximately 84.62% monthly. It provides monthly distributions, with a recent distribution rate of 12.96% and an average monthly option overwrite of 15.38%, while aiming to mitigate full downside exposure through its synthetic long position. The fund's assets under management stand at approximately $9.93 million as of recent data, positioning it as a niche option in the Treasury and government bond ETF category. In February 2025, LTTI launched alongside two sister funds, FT Vest High Yield Target Income ETF (HYTI) and FT Vest Liquid Investment Grade Target Income ETF (LQTI), as part of First Trust's expansion of its Target Outcome ETFs suite in collaboration with Vest Financial, strengthening their strategic alliance to deliver derivative-enhanced income strategies across fixed-income markets. Since inception, the fund has demonstrated resilience with net asset value appreciation of 0.68% and market price growth of 0.84% as of August 2025, alongside competitive performance relative to benchmarks like the ICE U.S. Treasury 20+ Year Bond Index.