First Trust BuyWrite Income ETF (FTHI)

First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund in the Derivative Income category. It has $2.35B in assets, an expense ratio of 0.75% and a 4.84% dividend yield. Under normal market conditions, the fund will pursue its investment objectives by investing primarily in equity securities listed on U.S. exchanges and by utilizing an “option strategy” consisting of writing (selling) U.S. exchange-traded call options on the Standard & Poor’s 500® Index. The fund will employ an option strategy in which it will write U.S. exchange-traded call options on the S&P 500 Index in order to seek additional cash flow in the form of premiums on the options that may be dis…