Summary
First Trust Small Cap BuyWrite Income ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 204. The ten largest make up 23% of the fund.
- Yearly costs
- 0.86%
- Fund size
- $25.3M
- Positions
- 204
- Dividend yield
- 11.88%
- Running since
- 2025
What speaks for it
- Widely spread: the ten largest positions make up only 23% of the fund.
What to watch
- Costs of 0.86% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2025.
- A small fund with $25.3M under management; small funds get closed more often.
- It trades little: only about $130.4K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.7%
- 3 months
- -1.7%
- This year
- +2.9%
- 1 year
- +4.9%
- Avg. market cap
- $7.72B
- P/E
- 14.5x
- Forward P/E
- 13.3x
- P/S
- 1.7x
- P/B
- 2.1x
- P/FCF
- 11.3x
- EV/EBITDA
- 9.5x
- Dividend yield
- 1.43%
- ROIC
- 574.8%
- ROE
- 30.9%
- Gross margin
- 52.1%
- Operating margin
- 21.0%
- Net margin
- 17.1%
- Payout ratio
- 20.7%
- Net debt/EBITDA
- 2.1x
- Beta
- 0.27
Weighted average of the 50 largest companies, which make up 54% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 US Dollar 6.8%
- 2 ETEtsy ETSY 2.2%
- 3 ANAbercrombie & Fitch ANF 2.1%
- 4 PAUiPath PATH 2.0%
- 5 CAInstacart CART 1.9%
- 6 EHEncompass Health EHC 1.8%
- 7 CRCredo CRDO 1.8%
- 8 STScorpio Tankers STNG 1.7%
- 9 APAppian Corporation APPN 1.6%
- 10 EQEquinox Gold Corp. EQX 1.6%
Positions in the fund: 204. The ten largest make up 23% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Technology 23%
- Financials 18%
- Healthcare 15%
- Consumer cyclical 14%
- Energy 8.4%
- Other 22%
By country
- United States 78%
- Bermuda 3.4%
- Canada 2.7%
- Cayman Islands 2.1%
- Other countries 13%
By company size
- Large cap 16%
- Mid cap 76%
- Small cap 7.7%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 94% of the fund.
Largest sector: Technology (23%). Largest country: United States (78%). Largest size group: Mid cap (76%).
What does it cost me?
Expensive- A year from $10,000
- $86.00
- Over 20 years
- $4,024
From every $10,000 invested the fund takes $86.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $4,024.
How has it done?
Growing slowly- Over the last year
- +4.9%
- Deepest drop
- -15%
- Yearly volatility
- 11%
Growth over the last year: 4.9%. Deepest drop in these years: 15% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 11.88%
- Payments a year
- 8
- Last payment
- $0.19
Over the last 12 months it paid $2.30 per share, which is 11.88% of today's price. The last payment was $0.19 on Oct 21, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $130.4K
- Shares a day
- 6.7K
On an average day about $130.4K of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 14.5
- Average Bulios Score
- 69 out of 100
Weight by Bulios Fair Price
- Undervalued 27%
- Fairly valued 9.9%
- Overvalued 63%
On average the companies inside trade for 14.5 times their yearly profit. By Fair Price, 63% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 54% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.