{
 "ticker": "FTQI",
 "name": "First Trust Nasdaq BuyWrite Income ETF",
 "issuer": "First Trust",
 "desk": "income",
 "url": "https://etfiq.com/funds/ftqi",
 "html": "https://etfiq.com/funds/ftqi",
 "markdown": "https://etfiq.com/funds/ftqi.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, FTQI paid 12.1% in cash and still finished 1.6 points behind QQQ.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "12.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FTQI, cash paid, 1 year, on its starting price: 12.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+21.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FTQI, total return, 1 year: +21.4%, as of Sep 11, 2026."
  },
  {
   "key": "against_qqq",
   "label": "Against QQQ",
   "value": "\u22121.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FTQI, against QQQ: \u22121.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "12.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FTQI, latest payout, annualized: 12.1%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$963m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "FTQI, net assets: $963m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "FTQI, expense ratio: 0.75% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Nasdaq-100 (QQQ)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$963m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "12.1%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "11.2%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 7, 2014",
   "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": "8 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.222 ex Aug 21, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$2.472",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "2.9%",
   "Price": "+0.8%",
   "Total return": "+3.8%",
   "QQQ": "\u22120.8%",
   "Ahead or behind": "+4.5 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "6.2%",
   "Price": "+9.7%",
   "Total return": "+16.3%",
   "QQQ": "+20.7%",
   "Ahead or behind": "\u22124.4 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "12.1%",
   "Price": "+8.0%",
   "Total return": "+21.4%",
   "QQQ": "+23.0%",
   "Ahead or behind": "\u22121.6 pts"
  },
  {
   "window": "3 years",
   "Cash paid": "37.0%",
   "Price": "+13.1%",
   "Total return": "+61.4%",
   "QQQ": "+95.1%",
   "Ahead or behind": "\u221233.7 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "78.8%",
   "Price": "+10.2%",
   "Total return": "+139.6%",
   "QQQ": "+808.3%",
   "Ahead or behind": "\u2212668.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has FTQI paid over the last year?",
   "a": "Over the year to Sep 11, 2026, FTQI paid 12.1% of its starting price in cash distributions, while the price rose 8.0%."
  },
  {
   "q": "Is FTQI ahead of QQQ?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, FTQI returned +21.4% against +23.0% for Nasdaq-100 (QQQ), so a holder was behind it by 1.6 points."
  },
  {
   "q": "How often does FTQI pay, and how much?",
   "a": "FTQI pays monthly. The latest distribution annualizes to 12.1% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does FTQI next pay a distribution?",
   "a": "FTQI pays monthly. The last distribution went ex on Aug 21, 2026 at $0.222 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Sep 21, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 8 days."
  },
  {
   "q": "What does FTQI cost?",
   "a": "The prospectus expense ratio is 0.75% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}