First Trust High Income Etf ETF Company Profile

Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(R) Index (the "index"). The call options written by the fund will typically be less than one year. The fund is non-diversified.