The FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is an exchange-traded fund designed to generate income while maintaining indirect exposure to the gold market. The ETF is managed by First Trust Advisors in partnership with Vest Financial and trades under the ticker IGLD on the Cboe BZX Exchange.

Classified as a commodity ETF with an options-based strategy, the fund combines investments linked to gold with derivatives strategies designed to generate recurring income. Rather than simply tracking the price of gold, the fund seeks to balance exposure to the precious metal with income generated through option premiums.

The ETF follows an active management approach, utilizing a combination of gold-related investments and structured options strategies. Its objective is to pursue a target level of income while maintaining exposure to movements in the gold market.

Diversification and sector exposure

IGLD provides exposure primarily associated with:

• Gold.

• Commodities.

• Precious metals.

• Options strategies.

• Income generation.

• Safe-haven assets.

• Derivatives.

• Active management.

The portfolio is constructed using financial instruments linked to gold together with options positions, allowing the fund to participate in movements in the precious-metals market while seeking additional income from derivative strategies.

The ETF's performance depends on both changes in gold prices and the effectiveness of its options strategies, which influence income generation and participation in the underlying commodity's returns.

Structure and costs

IGLD shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

Because the fund is actively managed, portfolio managers may adjust gold-related holdings and options positions as market conditions and income objectives evolve. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

Income generated from options strategies and other portfolio investments may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The FT Cboe Vest Gold Strategy Target Income ETF was launched in 2024 to combine exposure to the gold market with an income-oriented investment strategy.

Since inception, the fund has become part of the Cboe Vest lineup of ETFs designed to pursue target income through structured options strategies applied across different asset classes.

In recent years, demand for investment products that combine exposure to defensive assets with income-generation strategies has grown amid higher inflation, increased market volatility, and shifting global monetary policies.

Additional Information

FT Cboe Vest Gold Strategy Target Income ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $514.13 million.

Over the past 12 months, FT Cboe Vest Gold Strategy Target Income ETF recorded a return of 10.60%, with its price trading between $20.33 and $29.73 during the same period.

The ETF is traded under the ticker IGLD.