FTLB
First Trust Hedged BuyWrite Income ETFFTLB Fund Description
The First Trust Hedged BuyWrite Income ETF 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
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 23, 2018 the First Trust Hedged BuyWrite Income ETF MSCI ESG Fund Quality Score is 5.19 out of 10.
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. FTLB ranks in the 49th percentile within its peer group and in the 39th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
FTLB CHARTS AND PERFORMANCE
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FTLB Top 10 Countries
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FTLB Top 10 Holdings [View All]
FTLB Portfolio Data
FTLB Portfolio Management
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FTLB Fund Structure
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 5 out of 5.
FTLB Tradability
FTLB Sector/Industry Breakdown
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FTLB TOP 10 HOLDINGS[View All]
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FTLB Economic Development
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FTLB Performance Statistics
FTLB MSCI ESG Ratings
FTLB BENCHMARK COMPARISON SUMMARY
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FTLB BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.