FT Vest SMID Rising Dividend Achievers Target Income ETF is a U.S.-based exchange-traded fund and target income product managed by First Trust Advisors L.P., launched in 2023 and headquartered in the United States, with shares listed under ticker SDVD. The fund seeks current income with a secondary objective of capital appreciation by investing primarily in small- and mid-cap dividend-growing U.S. equities and by using listed call options on the Russell 2000 Index or ETFs tracking that index; it is part of First Trust’s Target Income ETF lineup and is distributed by First Trust Portfolios L.P.