TDVI ETF — FT Cboe Vest Technology Dividend Target Income ETF

FT Cboe Vest Technology Dividend Target Income ETF (TDVI)

TDVI is an ETF. As of August 19, 2026, its distribution rate is 7.58%, its trailing-12-month yield is 7.33%, its expense ratio is 0.75%. Dividend Vision Distribution Safety Score™ is 84/100 (Safe). Fund total return is 101.0% over the past 3 years, 22.3 points ahead of SPY at 78.7%.

At the current 7.58% distribution rate, a $10,000 investment would generate approximately $758 per year, or $63.17 per month on an equivalent basis.

FT Cboe Vest Technology Dividend Target Income ETF is an actively managed fund that seeks current income and capital appreciation by holding dividend-paying U.S. technology companies while writing call options on the Nasdaq-100 and/or S&P 500. The fund distributes a high current dividend yield monthly and carries an expense ratio of 0.75%. It appeals to income-focused investors seeking regular distributions from technology stocks, though the covered call strategy caps upside potential.

TDVI performance versus SPY

Data as of August 19, 2026.

Fund total return is 101.0% over the past 3 years, 22.3 points ahead of SPY at 78.7%. Its deepest 1-year drawdown was 16.0%.

TDVI key facts

Data as of August 19, 2026.

Distribution Safety Score™

84 · Safe

Safety-Adjusted Yield

6.37%

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

08/09/2023

Expense ratio

0.75%

Distribution rate

7.58%

Distribution frequency

Monthly

Trailing yield

7.33%

Last close

$31.35

AUM

$564,385,483

Average volume

106421.0

Last dividend

$0.1980

Ex-dividend date

07/21/2026

Beta

1.21

P/E ratio

20.7774

How Dividend Vision calculates yield and returns

Distribution rate (7.58%) 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 (7.33%) 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.

TDVI risks and drawbacks

The deepest 1-year drawdown on record here is 16.0%.

Who may consider TDVI — and who may not

TDVI may suit someone looking for a high Distribution Safety Score. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from First Trust.