{
 "ticker": "XVMS",
 "name": "FT Vest MSFT & Target Income ETF",
 "issuer": "First Trust",
 "desk": "income",
 "url": "https://etfiq.com/funds/xvms",
 "html": "https://etfiq.com/funds/xvms",
 "markdown": "https://etfiq.com/funds/xvms.md",
 "as_of": "2026-10-09",
 "verdict": "Since it first traded on Sep 23, 2026, XVMS paid no cash and finished level with MSFT.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "XVMS, cash paid, since launch, on its starting price: 0.0%, as of Oct 9, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+6.6%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "XVMS, total return, since launch: +6.6%, as of Oct 9, 2026."
  },
  {
   "key": "against_msft",
   "label": "Against MSFT",
   "value": "\u22120.3 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "XVMS, against MSFT: \u22120.3 pts, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "issuer page, as of Oct 8, 2026",
   "as_of": "2026-10-09",
   "sentence": "XVMS, net assets: $2m (issuer page, as of Oct 8, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Sep 11, 2026",
   "as_of": "2026-10-09",
   "sentence": "XVMS, expense ratio: 0.85% (485BPOS XBRL, Sep 11, 2026)."
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Microsoft (MSFT)",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "XVMS, benchmark: Microsoft (MSFT), as of Oct 9, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Microsoft (MSFT)",
   "source": null
  },
  {
   "key": "how_the_benchmark_is_set",
   "label": "How the benchmark is set",
   "value": "Its prospectus names MSFT as the company its options are written on (prospectus, Form 497K, accession 0001445546-26-007094, filed 2026-09-23, principal investment strategies).",
   "source": "ETFIQ"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "not established",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "issuer page, as of Oct 8, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "not published",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Sep 11, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Sep 23, 2026",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Cash paid": "0.0%",
   "Price": "+6.6%",
   "Total return": "+6.6%",
   "MSFT": "+6.9%",
   "Ahead or behind": "\u22120.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has XVMS paid over the last year?",
   "a": "Over the period from its first trade on Sep 23, 2026 to Oct 9, 2026, XVMS paid 0.0% of its starting price in cash distributions, while the price rose 6.6%."
  },
  {
   "q": "Is XVMS ahead of MSFT?",
   "a": "Over the period from its first trade on Sep 23, 2026 to Oct 9, 2026, with every distribution reinvested, XVMS returned +6.6% against +6.9% for Microsoft (MSFT), so a holder was about even with it by 0.3 points."
  },
  {
   "q": "What does XVMS cost?",
   "a": "The prospectus expense ratio is 0.85% a year."
  }
 ],
 "flows": {
  "as_of": "2026-10-08",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/xvms.json",
  "windows": [],
  "latest_month": {
   "month": "2026-10",
   "net_flow_usd": 795250,
   "net_flow": "+$795k",
   "source": "ETFIQ, the sum of its days, Oct 6 to Oct 8"
  }
 },
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, XVMS, income ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/xvms"
}