FT Vest Rising Dividend Achievers Target Income ETF

RDVI

Market cap $2.52B

FT Vest Rising Dividend Achievers Target Income ETF is rated Hold due to a risky strategy and poor risk-adjusted returns versus the S&P 500. RDVI's approach mismatches its rising dividend equity portfolio with S&P 500-based call writing, exposing investors to basis risk and underperformance. Despite an 8.44% yield, RDVI's high expense ratio (0.75%) and sector concentration lead to lower total returns and higher volatility than VOO.

FT Vest Rising Dividend Achievers Target Income ETF (RDVI) offers an 8.39% yield via an active buy-write strategy, focusing on dividend growth equities. RDVI provides broad sector diversification and monthly distributions, but underperforms its benchmark due to the limitations of the options strategy. Despite a higher 75bps expense ratio, RDVI remains attractive for income-focused investors compared to costlier closed-end funds and similar ETFs.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA.

RDVI stands out as a high-quality option ETF for long-term buy-and-hold investors, offering consistent distributions and price resilience across market cycles. The fund's 8.3% yield, monthly payouts, and tax-efficient return of capital make it especially attractive for retirees seeking reliable, supplemental income. RDVI's strategy combines high-quality dividend achievers with an at-the-money index option overlay, balancing income generation with some capital appreciation.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: August 21, 2025 Record Date: August 21, 2025 Payable Date: August 29, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq F.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: July 22, 2025 Record Date: July 22, 2025 Payable Date: July 31, 2025 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount     ACTIVELY MANAGED EXCHANGE-TRADED FUNDS     First Trust Exchange-Traded Fund III   FCAL.

RDVI offers a high 8.8% yield and consistent payouts, making it ideal for income-focused investors seeking stability and reliability. The ETF's selective approach targets high-quality dividend growers, outperforming traditional dividend ETFs and peers since inception. RDVI's option strategy allows for significant market participation while maintaining capital preservation and tax-efficient return of capital distributions.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA.

RDVI ETF offers a mix of capital appreciation and an 8.7% dividend yield, making it attractive for income-seeking investors despite modest price gains. The fund's strategy includes a diversified portfolio with a significant focus on financials, technology, and industrials, and employs an option writing strategy for income. RDVI's option strategy caps upside potential but provides resilience during market downturns, making it suitable for defensive portfolios.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA.