First Trust Exchange-Traded Fund IV - FT Vest TSLA & Target Income ETF
XVTS
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 19, 2026
- CIK
- 0001517936
- Similar Companies
- Business
- First Trust Exchange-Traded Fund IV - FT Vest TSLA & Target Income ETF is a non-diversified, actively managed U.S.-domiciled exchange-traded fund designed to provide current income, with capital appreciation as a secondary objective. The fund invests primarily in Tesla, Inc. common stock and standardized listed options and/or flexible exchange-traded options referencing Tesla common stock; its strategy may include short-duration call-option writing, paired call and put option positions, synthetic exposures, box-spread option transactions, and investments in U.S. Treasury securities, cash and cash equivalents to support income generation, manage exposures and provide liquidity. The fund targets enhanced monthly income, with an indicated objective of approximately 15% annualized income before fees and expenses above the S&P 500 forward dividend yield, while seeking to retain partial participation in Tesla share-price appreciation. It is sponsored within the First Trust fund family, managed by First Trust Advisors L.P. and co-managed by Vest Financial LLC, and is offered to U.S. retail and institutional investors through exchange trading. The fund was formed and commenced trading on August 18, 2026, representing a recent expansion of First Trust’s FT Vest Target Income ETF lineup; its investment-management agreement became effective August 12, 2026, with a 0.85% annual management-fee schedule on average daily net assets. First Trust Exchange-Traded Fund IV is based in the United States.