{
 "ticker": "LTTI",
 "name": "FT Vest 20+ Year Treasury & Target Income ETF",
 "issuer": "First Trust",
 "desk": "income",
 "url": "https://etfiq.com/funds/LTTI",
 "html": "https://etfiq.com/funds/LTTI",
 "markdown": "https://etfiq.com/funds/LTTI.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, LTTI paid 8.3% in cash and finished level with TLT.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "8.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LTTI, cash paid, 1 year, on its starting price: 8.3%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22125.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LTTI, total return, 1 year: \u22125.9%, as of Sep 11, 2026."
  },
  {
   "key": "against_tlt",
   "label": "Against TLT",
   "value": "+0.5 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LTTI, against TLT: +0.5 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "9.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LTTI, latest payout, annualized: 9.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "LTTI, net assets: $14m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LTTI, expense ratio: not read by ETFIQ, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "20+ Year Treasury (TLT)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "9.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "9.7%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 13, 2025",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "30 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.1331 ex Sep 1, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$1.6593",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "2.2%",
   "Price": "\u22126.3%",
   "Total return": "\u22124.1%",
   "TLT": "\u22124.6%",
   "Ahead or behind": "+0.5 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "4.4%",
   "Price": "\u22128.2%",
   "Total return": "\u22124.0%",
   "TLT": "\u22124.4%",
   "Ahead or behind": "+0.4 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "8.3%",
   "Price": "\u221213.8%",
   "Total return": "\u22125.9%",
   "TLT": "\u22126.4%",
   "Ahead or behind": "+0.5 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "12.9%",
   "Price": "\u221214.9%",
   "Total return": "\u22122.5%",
   "TLT": "\u22122.2%",
   "Ahead or behind": "\u22120.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has LTTI paid over the last year?",
   "a": "Over the year to Sep 11, 2026, LTTI paid 8.3% of its starting price in cash distributions, while the price fell 13.8%."
  },
  {
   "q": "Is LTTI ahead of TLT?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, LTTI returned \u22125.9% against \u22126.4% for 20+ Year Treasury (TLT), so a holder was about even with it by 0.5 points."
  },
  {
   "q": "How often does LTTI pay, and how much?",
   "a": "LTTI pays monthly. The latest distribution annualizes to 9.3% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does LTTI next pay a distribution?",
   "a": "LTTI pays monthly. The last distribution went ex on Sep 1, 2026 at $0.1331 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Oct 1, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}