FT Vest Gold Strategy Target Fund

The FT Vest Gold Strategy Target Fund is an actively managed exchange-traded fund designed to deliver participation in the price returns of physical gold, specifically by tracking the SPDR Gold Trust. Its primary objective is to provide investors with exposure to gold's performance while simultaneously generating a consistent stream of income that aims to exceed the yield from one-month U.S. Treasury bills by approximately 3.85% annually, before fees and expenses. To achieve this, the fund primarily invests in short-term U.S. Treasury securities and cash equivalents, while a wholly-owned subsidiary holds exchange-traded options, including FLEX options, that reference the performance of the SPDR Gold Trust. The fund employs a systematic strategy of writing call options on gold, converting a portion of potential upside into current income. This approach allows investors to access the growth potential of gold along with enhanced income, but it also means upside participation in gold prices is typically capped. With a structure emphasizing both income and commodity exposure, the FT Vest Gold Strategy Target Fund serves as a specialized solution for those seeking to blend gold’s diversification and inflation-hedging attributes with regular income generation in their investment portfolios.