DOGG ETF — First Trust Exchange-Traded Fund IV - FT Cboe Vest DJIA Dogs 10 Target Income ETF

First Trust Exchange-Traded Fund IV - FT Cboe Vest DJIA Dogs 10 Target Income ETF (DOGG)

DOGG is an ETF. As of August 19, 2026, its distribution rate is 8.74%, its trailing-12-month yield is 9.17%, its expense ratio is 0.75%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Fund total return is 49.1% over the past 3.3 years, 44.8 points behind SPY at 93.9%.

At the current 8.74% distribution rate, a $10,000 investment would generate approximately $874 per year, or $72.83 per month on an equivalent basis.

DOGG is an ETF that invests primarily in large-cap U.S. stocks from the Dow Jones Industrial Average, along with exchange-traded options and short-term Treasury securities, employing a covered call strategy to generate income. The fund targets a distribution rate approximately 8% above the DJIA's yield and currently distributes monthly at a high rate, with an expense ratio of 0.75%. It appeals to income-focused investors seeking elevated monthly payouts from a concentrated portfolio of blue-chip equities, though its non-diversified structure and options overlay carry correspondingly higher risk.

DOGG performance versus SPY

Data as of August 19, 2026.

Fund total return is 49.1% over the past 3.3 years, 44.8 points behind SPY at 93.9%. Its deepest 1-year drawdown was 8.3%.

DOGG key facts

Data as of August 19, 2026.

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

7.87%

Issuer

First Trust

Asset type

ETF

Asset class

Fixed Income

Inception date

04/26/2023

Expense ratio

0.75%

Distribution rate

8.74%

Distribution frequency

Monthly

Trailing yield

9.17%

Last close

$22.25

AUM

$85,471,367

Average volume

26558.0

Last dividend

$0.1620

Ex-dividend date

07/21/2026

Payment date

07/31/2026

Beta

0.35

P/E ratio

22.8157

How Dividend Vision calculates yield and returns

Distribution rate (8.74%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (9.17%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: First Trust fund page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DOGG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.3%.

Who may consider DOGG — and who may not

DOGG may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from First Trust.