First Trust Small Cap BuyWrite Income ETF

FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF is an exchange-traded fund designed to provide investors with a targeted income solution. The primary purpose of this ETF is to generate income by investing in companies that are part of the S&P 500 with a historical track record of raising dividends for at least 25 consecutive years. These companies are known as "Dividend Aristocrats," and they span various sectors such as consumer goods, healthcare, and industrials, offering a diversified exposure to well-established firms with reliable dividend payouts. The ETF aims to complement this dividend income with a defined income strategy, potentially enhancing yield by using options overlays or a similar income-focused approach. Its role in the financial market is to cater to investors seeking consistent income streams alongside capital appreciation potential from predominantly blue-chip equities, providing a blend of stability and growth within an investor's portfolio. By combining the revered Dividend Aristocrats constituents with an income-targeting strategy, the ETF stands as a significant tool for income-oriented investors.