FT Vest 20+ Year Treasury & Target Income ETF (LTTI)

FT Vest 20+ Year Treasury & Target Income ETF is an exchange-traded fund from First Trust, with Vest Financial acting 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 long-dated U.S. Treasury bonds with maturities of twenty years or more, typically obtained through holdings of a long-term Treasury ETF. Around that core, the managers implement an options strategy intended to generate additional income and pursue a stated income target. The options overlay can limit participation in price gains, while the long-maturity Treasury core makes the fund sensitive to changes in interest rates.