FT Vest Growth Strength & Target Income ETF (FGSI)

FT Vest Growth Strength & Target Income ETF (FGSI) is an actively managed exchange-traded fund from First Trust Advisors, with Vest Financial as sub-adviser. The fund seeks to provide monthly income targeted at a level above the dividend yield of the S&P 500, along with exposure to growth-oriented equities.

The equity portion holds U.S. companies screened for financial strength and growth characteristics, such as solid balance sheets and attractive profitability. To generate additional income, the fund runs an options strategy that writes call options on the S&P 500, collecting premiums in exchange for giving up some potential upside.

This combination of a stock portfolio and an index call-writing overlay places the fund among equity income and option-income strategies.