First Trust BuyWrite Income ETF

First Trust BuyWrite Income ETF is an actively managed exchange-traded fund that combines U.S. equity exposure with an options overlay designed around a buy-write, or covered call, approach. The fund primarily invests in stocks listed on U.S. exchanges and writes call options on the S&P 500 Index to help generate option premium income. This structure makes the ETF a vehicle for investors seeking broad equity market participation while emphasizing income generation through a systematic derivatives strategy. Its portfolio typically spans large-cap and other U.S.-listed companies across multiple sectors, giving it diversified exposure to leading areas of the market. First Trust BuyWrite Income ETF is positioned within the nontraditional equity and derivative income segment, where equity selection and option writing are combined in a single portfolio to support its income-focused mandate.