First Trust Launches Tesla, Apple and Nvidia Target Income ETFs

First Trust has launched three actively managed Single Stock Target Income ETFs: FT Vest TSLA & Target Income ETF (XVTS), FT Vest AAPL & Target Income ETF (XVAP) and FT Vest NVDA & Target Income ETF (XVNV). The funds combine exposure to Tesla, Apple and Nvidia, respectively, with options-based income strategies and target annual distributions about 15% above the S&P 500’s dividend yield, paid monthly. They use dividends, Treasury interest, box spreads and weekly call options to generate income, while sacrificing some potential stock-price upside.