XVAP ETF — FT Vest AAPL & Target Income ETF

FT Vest AAPL & Target Income ETF (XVAP)

Updated October 16, 2026.

XVAP is an ETF linked to Apple Inc. (AAPL). its trailing-12-month yield is 3.10%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 9.6% over the past 0.2 years, 1.2 points ahead of AAPL at 8.4%.

FT Vest AAPL & Target Income ETF is an ETF that seeks current income with secondary capital appreciation by investing primarily in Apple Inc. common stock combined with options strategies, including both standard listed options and FLEX Options on Apple shares; the fund is non-diversified and concentrated entirely on Apple. The fund has an expense ratio of 0.85% and does not follow a regular distribution schedule—it has made special or one-time distributions, which may not recur on any predictable basis. This ETF appeals to income-focused investors comfortable with concentrated exposure to a single company and the risks associated with options-based strategies.

XVAP performance versus AAPL

Price and return data through 2026-10-16.

Total return is 9.6% over the past 0.2 years, 1.2 points ahead of AAPL at 8.4%.

XVAP key facts

Distribution Safety Score™

50 · Unproven

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

08/18/2026

Expense ratio

0.85%

Distribution frequency

Monthly

Trailing yield

3.10%

Last close

$32.53 (as of 2026-10-16)

AUM

$1,595,983

Average volume

6404.0

Dividend

$1.0096

Ex-dividend date

09/24/2026

Payment date

09/30/2026

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.10%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; Index: Apple Inc. (AAPL); 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.

More on XVAP

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Tagged: Covered Call, Options, Single.

Frequently asked questions

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