ETF Evaluator:
FT Vest 20+ Yr Trsy & Trgt Inc ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Long Government Over the Last Year
| 3.8% | iShares 20+ Year Trs Bd Buywrt Stgy ETF (TLTW) |
| 2.3% | First Trust Long Duration Opp ETF (LGOV) |
| 1.9% | BondBloxx Bloomberg SevenYrTrgDurUSTrETF (XSVN) |
| 1.8% | WisdomTree 7-10 Year Laddered Trsy ETF (USIN) |
| 1.7% | iShares 7-10 Year Treasury Bond ETF (IEF) |
Risk
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Risk
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ETF Details
FT Vest 20+ Yr Trsy & Trgt Inc ETF Overview
FT Vest 20+ Yr Trsy & Trgt Inc ETF (LTTI) is an actively managed Taxable Bond Long Government exchange-traded fund (ETF). First Trust launched the ETF in 2025.
The investment seeks to provide investors with current income with a secondary objective of providing capital appreciation.
Under normal market conditions, the manager will pursue its investment objectives by investing in U.S. treasury securities and utilizing an option strategy consisting of purchasing and writing (selling) U.S. exchange-traded call options, including Flexible Exchange options (“FLEX Options”), on the iShares 20+ Year Treasury Bond ETF (the “Underlying ETF”). The fund is non-diversified.
About FT Vest 20+ Yr Trsy & Trgt Inc ETF (LTTI)
There are 2 members of the management team with an average tenure of 1.47 years: Karan Sood (2025) and Trevor Lack (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
FT Vest 20+ Yr Trsy & Trgt Inc ETF has 4 securities in its portfolio. The top 10 holdings constitute 98.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
FT Vest 20+ Yr Trsy & Trgt Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. FT Vest 20+ Yr Trsy & Trgt Inc ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.9% (98.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FT Vest 20+ Yr Trsy & Trgt Inc ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $4 billion average for the Long Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LTTI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FT Vest 20+ Yr Trsy & Trgt Inc ETF expense ratio is above average compared to funds in the Long Government category. FT Vest 20+ Yr Trsy & Trgt Inc ETF has an expense ratio of 0.65%, which is 181% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FT Vest 20+ Yr Trsy & Trgt Inc ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 60% for the Long Government category.
Recently, in the month of July 2026, FT Vest 20+ Yr Trsy & Trgt Inc ETF returned -4.2%, which earned it a grade of D, as the Long Government category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
FT Vest 20+ Yr Trsy & Trgt Inc ETF has a trailing yield of 7.11%, which is above the 5.37% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FT Vest 20+ Yr Trsy & Trgt Inc ETF Grades
Year to date, the ETF has returned -3.5%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned -1.1% over the past year (grade of D).
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LTTI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LTTI Return (NAV) | -4.2% | -2.8% | -1.1% | na | na | na |
| LTTI Return (Price) | -4.2% | -2.7% | -1.3% | na | na | na |
| NAV +/- Price Return | 0.033% | -0.106% | 0.207% | na | na | na |
| Long Government Avg | -4.1% | -2.7% | -1.0% | -1.5% | -7.7% | -2.3% |
| LTTI Grade (NAV) | D | D | D | na | na | na |
| +/- Category (NAV) | -0.1% | -0.0% | -0.1% | na | na | na |
| LTTI Tax-Cost Ratio | na | na | 2.7% | na | na | na |
LTTI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LTTI Return (NAV) | -3.5% | na | na | na | na | na | na | na | na | na | na |
| LTTI Return (Price) | -4.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.179% | na | na | na | na | na | na | na | na | na | na |
| Long Government Avg | -3.2% | 4.1% | -6.3% | 2.4% | -29.1% | -4.5% | 16.7% | 14.2% | -1.6% | 8.1% | 1.2% |
| LTTI Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.2% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 7.1% |
| Total Assets: | $ 15 Mil |
| Share Class Assets: | $ 15 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Sood Karan (2025), Lack Trevor (2025) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 98.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 98.9% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Inception Date: | February 11, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.23% |
