IGLD

FT Vest Gold Strategy Target Income ETF

$24.85

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The FT Vest Gold Strategy Target Income ETF (IGLD) seeks to provide exposure to gold while generating a target level of income for investors.

Overview

ETF tracking FT Vest Gold Strategy Target Income ETF

Category Commodities

Issuer Other

Inception Date 2021-03-03

Market Cap $320.6M

Average Volume N/A

Dividend Yield 5.25%

52-Week Range $18.62 - $26.13

VWAP $24.81

Performance

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Investment Summary

📎 Investment Objective

The FT Vest Gold Strategy Target Income ETF (IGLD) seeks to provide exposure to gold while generating a target level of income for investors.

🎯 Investment Strategy

IGLD invests in a portfolio of gold-related assets, including physical gold, gold futures, and gold mining stocks. The fund aims to generate income through a covered call strategy, writing call options on the underlying gold positions.

✨ Key Features

Provides exposure to the gold commodity market
Generates income through a covered call options strategy
Targets a specific level of income for investors
Low expense ratio of 0.00%

⚠️ Primary Risks

Commodity price risk - the value of the fund's gold-related holdings may fluctuate due to changes in the price of gold
Options strategy risk - the covered call strategy may limit the fund's upside potential if gold prices rise significantly
Liquidity risk - the fund may have difficulty trading its positions due to low trading volume or market disruptions
Concentration risk - the fund's focus on the gold sector means it may be more volatile than a more diversified fund

👤 Best For

IGLD may be suitable for investors seeking exposure to the gold market with a focus on generating consistent income. However, due to the lack of performance history and low assets under management, investors should exercise caution and thoroughly research the fund before investing.