First Trust Small Cap BuyWrite Income ETF (FTKI)

First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund in the Derivative Income category. It has $26.26M in assets, an expense ratio of 0.86% and a 7.95% dividend yield. Under normal market conditions, the fund will pursue its investment objectives by investing primarily in small cap equity securities listed on U.S. exchanges and by utilizing a buy-write “option strategy” consisting of writing (selling) U.S. exchange-traded call options on the Russell 2000® Index or small cap equity exchange-traded funds. The fund is non-diversified.