FTQI – First Trust Nasdaq BuyWrite Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FTQI	First Trust Nasdaq BuyWrite Income ETF	ETF	Open			Jan 6, 2014	$1.00B	0.750%	—	—	$129.68M

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