FTLB
First Trust Hedged BuyWrite Income ETFFTLB Fund Description
FTLB is an actively managed portfolio of US large-cap stocks, with an options overlay of short calls and long puts on the S&P 500.
FTLB Factset Analytics Insight
FTLB is an actively managed portfolio of 150 US large-cap stocks, overlaid by an options strategy. The fund manager uses a model to select dividend-paying stocks from the US-listed large-cap universe, then writes calls and buys puts (out-of-the-money) on the S&P 500. The strategy is designed to boost income while minimizing volatility, though the put premiums could create a drag on the fund’s performance. The fund appears to be primarily model-driven in its portfolio selection, but the active management wrapper allows the fund manager to take advantage of market anomalies during periods of high volatility. FTLB looks expensive, and a lack of investor interest puts a damper on liquidity. Also consider FTHI, which holds the same portfolio but does not buy puts, boosting distribution yield.
FTLB MSCI ESG Analytics Insight
First Trust Hedged BuyWrite Income ETF has an MSCI ESG Fund Rating of A based on a score of 5.80 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Hedged BuyWrite Income ETF ranks in the 46th percentile within its peer group and in the 36th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FTLB Charts And Performance
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FTLB Summary Data
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FTLB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FTLB. FTLB is rated a 4 out of 5.
FTLB Tradability
FTLB Sector/Industry Breakdown
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FTLB Performance Statistics
FTLB MSCI ESG Ratings
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