FT Vest Rising Dividend Achievers Target Income ETF
RDVI
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- United States of America
- IPO Date
- Oct 20, 2022
- Similar Companies
- Business
- FT Vest Rising Dividend Achievers Target Income ETF (RDVI) is an actively managed exchange-traded fund that seeks current income and capital appreciation by investing in a portfolio of dividend-paying U.S. equities selected from the Nasdaq US Rising Dividend Achievers Index, which comprises 50 companies with a consistent history of dividend growth; the fund supplements this exposure with a partial covered call options strategy involving the writing of naked call options on the S&P 500 Index or related ETFs to generate additional income. Core holdings include leading dividend achievers across sectors such as technology (e.g., Alphabet Inc., NVIDIA Corporation, Microsoft Corporation), financials (e.g., JPMorgan Chase & Co., The Bank of New York Mellon Corporation, Chubb Limited), consumer discretionary (e.g., eBay Inc., PulteGroup, Inc., Booking Holdings Inc.), and industrials, with approximately 75-79 positions as of late 2025, maintaining approximately equal weighting for diversification and targeting a high yield around 8.4% through monthly distributions. The ETF operates primarily in the U.S. equity market, targeting income-oriented investors seeking alternative sources to traditional fixed income amid volatile bond markets. Launched on October 19, 2022, and domiciled in the United States, RDVI is issued and managed by First Trust Advisors L.P., with strategy development input from Cboe Vest Financial LLC as part of the FT Cboe Vest Target Income Strategies ETF series. The fund trades on the Cboe BZX Exchange under the ticker RDVI, with assets under management reaching approximately $2.21 billion and an expense ratio of 0.75% as of mid-2025. It focuses on large-cap value stocks in the derivative income category, providing exposure to dividend growth while harvesting option premiums for enhanced yield. Recent developments include substantial net fund inflows of $871.62 million over the past year through 2025, reflecting strong investor adoption and growth in assets from prior levels, alongside positive performance with NAV returns up 11.38% annually and a 2.98% monthly price increase noted in mid-2025. Institutional interest has intensified, exemplified by Janney Montgomery Scott LLC increasing its holdings by 14.3% in Q2 2025 through the addition of over 72,000 shares. Ongoing active management has sustained monthly payouts, with the ex-dividend date in July 2025 underscoring commitment to consistent income delivery amid a portfolio evolution that incorporates recent dividend raisers like GE Vernova Inc. and Veralto Corporation.