{
 "ticker": "SLVY",
 "name": "FT Vest Silver Strategy & Target Income ETF",
 "issuer": "First Trust",
 "desk": "income",
 "url": "https://etfiq.com/funds/slvy",
 "html": "https://etfiq.com/funds/slvy",
 "markdown": "https://etfiq.com/funds/slvy.md",
 "as_of": "2026-09-18",
 "verdict": "Since its launch on Jul 9, 2026, SLVY paid 1.2% in cash and finished level with SLV.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "1.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVY, cash paid, since launch, on its starting price: 1.2%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+10.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVY, total return, since launch: +10.6%, as of Sep 18, 2026."
  },
  {
   "key": "against_slv",
   "label": "Against SLV",
   "value": "\u22120.1 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVY, against SLV: \u22120.1 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "6.9%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVY, latest payout, annualized: 6.9%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "SLVY, net assets: $1m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Jun 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "SLVY, expense ratio: 0.85% (485BPOS XBRL, Jun 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Silver (SLV) (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "not established",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "6.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Jun 30, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "1.1%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 9, 2026",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Cash paid": "1.2%",
   "Price": "+9.3%",
   "Total return": "+10.6%",
   "SLV": "+10.7%",
   "Ahead or behind": "\u22120.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has SLVY paid over the last year?",
   "a": "Over the period from its launch on Jul 9, 2026 to Sep 18, 2026, SLVY paid 1.2% of its starting price in cash distributions, while the price rose 9.3%."
  },
  {
   "q": "Is SLVY ahead of SLV?",
   "a": "Over the period from its launch on Jul 9, 2026 to Sep 18, 2026, with every distribution reinvested, SLVY returned +10.6% against +10.7% for Silver (SLV), so a holder was about even with it by 0.1 points."
  },
  {
   "q": "How often does SLVY pay, and how much?",
   "a": "SLVY pays on no established schedule. The latest distribution annualizes to 6.9% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "What does SLVY cost?",
   "a": "The prospectus expense ratio is 0.85% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}