DFII · FT Vest Bitcoin Strategy & Target Income ETF
Over the past year DFII paid 12.2% in cash and still finished 1.8 points behind IBIT.
What a holder got
Over the year to Sep 4, 2026, DFII returned −29.3% with distributions reinvested and Bitcoin (IBIT) returned −27.5%, so a holder came out behind it by 1.8 points. The lighter segment is the 12.2% that arrived as cash rather than as price.
Period by period
| Window | Cash paid | Price | Total return | IBIT | Ahead or behind |
|---|---|---|---|---|---|
| 3 months | 4.8% | +21.2% | +26.8% | +32.5% | −5.7 pts |
| 6 months | 8.7% | +2.9% | +12.6% | +17.2% | −4.6 pts |
| 1 year | 12.2% | −41.0% | −29.3% | −27.5% | −1.8 pts |
| Since launch | 24.3% | −28.1% | −6.9% | −2.9% | −4.0 pts |
In plain words
With every distribution reinvested, the fund returned −29.3%. Bitcoin (IBIT) returned −27.5% over the same days, so a holder was behind by 1.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 17.6%, paid monthly.
| Strategy | option income |
|---|---|
| Benchmark | Bitcoin (IBIT) (proxy) |
| Pays | monthly |
| Latest payout, annualised (ETFIQ) | 17.6% |
| Expense ratio (prospectus XBRL) | 0.85% |
| Cash paid, trailing 12 months (ETFIQ) | 20.8% |
| Launched | Apr 3, 2025 |
Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How this desk computes every figure
Questions people ask
- How much has DFII paid over the last year?
- Over the year to Sep 4, 2026, DFII paid 12.2% of its starting price in cash distributions, while the price fell 41.0%.
- Is DFII ahead of IBIT?
- Over the year to Sep 4, 2026, with every distribution reinvested, DFII returned −29.3% against −27.5% for Bitcoin (IBIT), so a holder was behind it by 1.8 points.
- How often does DFII pay, and how much?
- DFII pays monthly. The latest distribution annualises to 17.6% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- What does DFII cost?
- The prospectus expense ratio is 0.85% a year.
The words on this page
- Total return
- What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
- Cash paid
- Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
- Ahead or behind
- The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
- Return of capital
- The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterisation, not a measure of erosion.
- Covered call
- Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.
Every term this desk uses, defined in full on the income desk vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
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Cite this page. ETFIQ, DFII on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/DFII.html Free to use with attribution; the underlying files are at Open data.