FT Vest NVDA & Target Income ETF (XVNV)

The FT Vest NVDA & Target Income ETF (XVNV) is an exchange-traded fund sponsored by First Trust and sub-advised by Vest Financial. It provides exposure to the stock of NVIDIA Corporation, the designer of graphics processors and AI accelerators, while pursuing a targeted level of income.

The fund pairs its NVIDIA-linked exposure with an options strategy, generally writing call options on the stock, to generate premium that supports regular distributions toward a stated target rate. Treasuries and FLEX options may form part of the portfolio.

Selling calls limits the fund's participation in large gains in NVIDIA shares, while the fund remains exposed to declines in the stock.