First Trust Balanced Income ETF (FTBI)

First Trust Balanced Income ETF (FTBI) is an exchange-traded fund in the Moderate Allocation category. It has $23.85M in assets, an expense ratio of 0.98% and a 7.65% dividend yield. Under normal conditions, the fund will invest at least 80% of its net assets in the ETFs that comprise the index. The index seeks to track a portfolio with fixed allocations to income-generating ETFs across three asset classes: target income and buywrite income equity ETFs, actively managed investment grade fixed income ETFs and target income commodities ETFs. The fund is non-diversified.