What is KNG?

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.

PERFORMANCE [as of 03/24/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
KNG -4.25% -3.89% -3.36% -6.30% 18.79% -- --
KNG (NAV) -4.09% -3.77% -3.22% -6.15% 18.79% -- --
MSCI USA Large Cap Index 1.09% 4.81% 4.92% -11.00% 19.07% 11.18% 12.15%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

First Trust
03/26/18
0.75%
$566.51M
Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

$0.00B 5 Days
+$0.02B 30 Days
+$0.07B 90 Days

KNG Portfolio Data

$85.55B
20.50
4.02
3.10%
N/A
70

KNG Index Data

Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series
Fixed
Fixed
MSCI USA Large Cap Index

KNG Portfolio Management

0.75%
--
--
--

KNG Tax Exposures

20.00% / 39.60%
0.43%
Ordinary income
No

KNG Fund Structure

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

Factset Analytics Block Liquidity

As of 03/27/23

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 Tradability

44,105
$2.28M
38,959
$1.95M
0.16%
$0.08
0.06%
2.19% / -0.33%
None
100.00%
25,000
1.56
0.02%
0.01%
0
$49.42
5

KNG Sector/Industry Breakdown

KNG Segment
Benchmark
17.27% --
12.78% --
11.66% --
10.58% --
9.62% --
5.95% --
4.81% --
4.54% --
4.51% --
4.32% --

KNG Performance Statistics

0.85
0.75
0.79
0.77
0.55%
MSCI USA Large Cap Index

KNG Countries

KNG Segment
Benchmark
99.67% 99.89%
-- 0.11%

KNG Regions

KNG Segment
Benchmark
99.67% 100.00%

KNG Economic Development

KNG Segment
Benchmark
99.67% 100.00%
0.00% 0.00%

KNG Benchmark Comparison Holdings

70
297
43
16.56%

KNG Benchmark Comparison Summary

KNG Segment
Benchmark
70 297
$85.55B $504.17B
20.50 20.72
4.02 4.32
2.36% 1.55%
Low Low

KNG Benchmark Comparison Market Cap Size

KNG Segment
Benchmark
91.92% 100.00%
7.76% 0.00%
0.00% 0.00%
0.00% 0.00%