FTQI

First Trust Nasdaq BuyWrite Income ETF

The First Trust Low Beta 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.


US

EQUITY

Active

MANAGEMENT STYLE

626.2 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorFirst Trust
CategoryUS
Asset classEquity
Websitelink...
Inception dateJan 06, 2014
Assets (mns)$626
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsMonthly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedYes
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MICROSOFT CORP 7.5 %
NVIDIA CORP 7.1 %
APPLE INC 6.8 %
BROADCOM INC. 4.4 %
META PLATFORMS INC 4.3 %
AMAZON.COM INC 4.2 %
NETFLIX INC 3.3 %
ADVANCED MICRO DEVICES 3.0 %
TESLA MOTORS INC 3.0 %
COSTCO WHOLESALE CORP 2.6 %
Constituent Breakdown
Number of holdings196
Herfindahl-Hirschman Index 279
Wgt avg mkt cap (mns)$942,512
Large cap (>$10bn)88.2%
Mid cap ($2-10bn)7.7%
Small cap (<$2bn)0.3%
Developed mkts.99.0%
Emerging mkts.0.5%
Country Exposure
UNITED STATES 92.5 %
BRITAIN 1.7 %
ISRAEL 1.2 %
CANADA 1.1 %
FRANCE 0.7 %
IRELAND 0.7 %
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns -6.1% -4.2% -0.6% -0.5% -0.4% -0.5% -- -0.2%
Dividend Yield 0.0% 4.8% 8.8% 10.0% 7.5% 5.3% -- 5.1%
Total Returns -6.1% 0.6% 8.1% 9.5% 7.1% 4.8% -- 4.9%
Ann. Volatility 24.5% 19.5% 14.9% 15.6% 14.7% 13.9% -- 13.6%
Market Correlations
versus...BetaR-squared
S&P 5000.7186%
MSCI EAFE0.4740%
MSCI Emg Mkts0.3220%
Liquidity Measures
Avg. volume (000)311
ADV traded (mns)$6
Turnover1.0%
Avg. Bid/Ask (% of price)0.21%
Technical Indicators
Recent close$19.57
30d moving avg.$19.24
Annualized volatility12.3%
Relative strength (RSI)54
Short interest0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
Based on closing prices from 7/3/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

FTQI

3.8%

Cat. Avg

5.7%


ALTAR Score™ Calculation

Category Overview
There are 963 funds in the US Equity category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.3%. FTQI's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places FTQI in the 20nd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FTQI
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
(75 bp) Percentile rank 62
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FTQI 75.0 0.0 75
Peer Avg. 54.3 30.2 84.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .