IGLD

FT Cboe Vest Gold Strategy Target Income ETF
*Unless otherwise stated, data provided by FactSet.

IGLD Fund Description

IGLD aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary.

IGLD Factset Analytics Insight

IGLD uses FLEX options, short-term treasuries and cash-like investments to participate in the price performance of the SPDR Gold Trust ETF (GLD). The fund aims to provide consistent income, on an annual basis of about 3.85% above yields of one-month T-bills. For tax purposes, IGLD does not hold the FLEX options or gold directly but gets its exposure through a wholly-owned Cayman Island subsidiary. The fund participates in the gains of GLD on about 50-100% basis by purchasing call options. IGLD utilizes a partial covered call strategy wherein a portion of the upside price return of GLD is converted into current income. To implement this strategy, IGLD will sell call options with an expiration date less than or equal to one month in the future. While the fund provides additional income through FLEX options, it does not provide buffers for losses, it fully participates in GLDs losses on a one-to-one basis.

PERFORMANCE [as of 06/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IGLD -5.33% 0.30% -- -- -- -- --
IGLD (NAV) -5.54% 0.45% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
Gold Spot -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IGLD Summary Data

First Trust
03/02/21
Open-Ended Fund
0.85%
$14.16M
$152.84K
0.50%

IGLD Portfolio Data

Physically Held
Physically Held
N/A
--

IGLD Index Data

No Underlying Index
Fixed
Fixed
Gold Spot

IGLD Portfolio Management

0.85%
--
--
--

IGLD Tax Exposures

20.00% / 39.60%
--
No

IGLD Fund Structure

Open-Ended Fund
No
N/A
N/A
N/A
Low
Daily

IGLD Factset Analytics Block Liquidity

As of 06/23/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IGLD. IGLD is rated a 5 out of 5.

IGLD Tradability

7,230
$152.84K
4,323
$88.72K
0.50%
$0.11
0.24%
0.66% / -0.77%
None
100.00%
50,000
0.09
--
--
0
$20.13
5

IGLD Top 10 Targeted Commodity Weights

78.88%
20.66%
0.46%
100.00%

IGLD Tenor Strategy

IGLD holds physical bullion. Prices will reflect the current spot market values.

IGLD Rolling Strategy

Since IGLD holds physical bullion rather than futures contracts, it does not have a roll strategy.

IGLD Performance Statistics

--
--
--
--
0.00%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.