FT Vest Silver Strategy & Target Income ETF (SLVY)

FT Vest Silver Strategy & Target Income ETF (SLVY) is an actively managed fund from First Trust, with Vest Financial serving as sub-adviser. It seeks to provide exposure to silver prices along with a targeted level of income generated through an options strategy.

The fund gains silver exposure through silver-linked exchange-traded products or derivatives rather than holding bullion directly, and writes call options on that exposure to produce premium income that it distributes regularly. Writing calls reduces the fund's participation in sharp rallies in silver in exchange for the targeted income stream.