ATLASFirst Trust Hedged BuyWrite Income ETF (FTLB): outlook, holdings and fees
First Trust Hedged BuyWrite Income ETF (FTLB) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.82% and the yield is 0.36%. The ten largest holdings are 45% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FTLB
| Last price | $21.62 (-2.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $21.23 – $22.24 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 0.36% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FTLB fund facts
| Issuer | First Trust |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $390M |
| Expense ratio | 0.82% |
| Number of holdings | 200 |
| Portfolio turnover | 200% |
| Inception | Jan 6, 2014 |
| Exchange | NASDAQ |
The fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded call options on the Nasdaq-100 Index. The call options written by the fund will have expirations of less than one year, and will be typically written at-the-money to out-of-the-money.
FTLB top holdings
| Holding | Sector | Weight |
|---|---|---|
| Microsoft Corporation MSFT | Technology | 9.92% |
| Apple Inc. AAPL | Technology | 9.59% |
| Amazon.com Inc AMZN | Consumer Cyclical | 4.46% |
| Meta Platforms Inc. META | Communication Services | 4.38% |
| NVIDIA Corporation NVDA | Technology | 4.56% |
| Broadcom Inc AVGO | Technology | 3.51% |
| Costco Wholesale Corp COST | Consumer Defensive | 2.44% |
| Advanced Micro Devices Inc AMD | Technology | 1.97% |
| Tesla Inc TSLA | Consumer Cyclical | 1.98% |
| Alphabet Inc Class A GOOGL | Communication Services | 2.00% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FTLB sector breakdown
| Sector | Weight |
|---|---|
| Technology | 51.2% |
| Communication Services | 12.9% |
| Consumer Cyclicals | 7.2% |
| Healthcare | 6.7% |
| Consumer Defensive | 5.8% |
| Financial Services | 4.8% |
| Industrials | 2.7% |
| Basic Materials | 2.6% |
| Energy | 2.1% |
| Real Estate | 2.0% |
| Utilities | 1.9% |
By region: North America 95.7%, Africa/Middle East 1.2%, Asia Emerging 1.2%, Europe Developed 0.8%, United Kingdom 0.6%.
FTLB returns and risk
| Year to date | +9.2% |
|---|---|
| 1 year | +14.6% |
| 3 years (annualised) | +9.5% |
| 5 years (annualised) | +5.2% |
| 10 years (annualised) | +5.0% |
| Volatility (3 years) | 11.9% |
| Sharpe ratio (3 years) | 0.41 |
Past returns do not guarantee future results.
FTLB: frequently asked questions
What does FTLB invest in?
First Trust Hedged BuyWrite Income ETF invests in a portfolio of securities. Its largest holdings are Microsoft Corporation (9.9%), Apple Inc. (9.6%), Amazon.com Inc (4.5%), Meta Platforms Inc. (4.4%), NVIDIA Corporation (4.6%).
What is the FTLB expense ratio?
0.82% a year: about $82.00 for every $10,000 invested.
What is the FTLB dividend yield?
0.36%. ATLAS does not hold the exact distribution dates for ETFs.
Will FTLB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $21.23 to $22.24 from $21.62 today. It is a probability, not a prediction.
How has FTLB performed?
Year to date +9.2%, one year +14.6%, three years +9.5% a year, five years +5.2% a year. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Tax-Exempt Bond ETF (VTEB)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer