KNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG Fund Description
KNG tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options.
KNG Factset Analytics Insight
KNG employs an adjusted buy-write strategy on a dividend-focused portfolio. The equal-weighted portfolio is made up of companies from the S&P 500 that have increased dividends for each of the last 25 years. The fund writes covered call options on these stocks, which generates additional income but limits the upside of the portfolio. Rather than writing calls on the entire notional value of the fund’s stock holdings, KNG aims for combined income from dividends and call options that is 3% higher than the yield on the S&P 500. The covered call overlay is limited to 20% of the notional value. The index is reconstituted annually and rebalanced quarterly. Prior to being acquired by First Trust on March 1, 2021, the fund was managed by Cboe Vest Financial.
KNG MSCI ESG Analytics Insight
FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF has an MSCI ESG Fund Rating of AA based on a score of 7.45 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. FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF ranks in the 82nd percentile within its peer group and in the 94th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
KNG MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
KNG Summary Data
KNG Portfolio Data
KNG Index Data
KNG Portfolio Management
KNG Tax Exposures
KNG Fund Structure
KNG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KNG. KNG is rated a 5 out of 5.
KNG Sector/Industry Breakdown
KNG Economic Development
KNG Performance Statistics
KNG MSCI ESG Ratings
KNG Benchmark Comparison Summary
KNG Benchmark Comparison Market Cap Size