FT Vest Investment Grade & Target Income ETF (LQTI)

FT Vest Investment Grade & Target Income ETF is an exchange-traded fund from First Trust, with Vest Financial serving as sub-adviser. It belongs to a family of First Trust and Vest funds that combine a core asset exposure with an options strategy designed to produce a targeted level of income.

The fund's core exposure is to U.S. investment-grade corporate bonds, typically obtained through holdings of an investment-grade corporate bond ETF. Around that core, the managers implement an options strategy intended to generate additional income and pursue a stated income target. Using options in this way can limit upside participation and adds complexity compared with a plain bond fund.