XVAP First Trust Exchange-Traded Fund IV - FT Vest APPL & Target Income ETF
Quote as of Oct 26, 2026 16:59 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 32.51 | Day Range | 32.24 – 32.33 |
| 52-Week Range | 29.92 – 32.87 | Volume | 4.89K |
| Avg Volume | 2.15K | AUM | $3.3M (Oct 26, 2026) |
| Expense Ratio | 0.85% | Yield (TTM) | 2.83% |
| NAV | 32.50 | Premium/Discount | -0.77% indicative |
| Inception | Aug 18, 2026 | Holdings | 3 |
| Issuer | First Trust | Exchange | CBOE |
| Category | Global | Index Tracked | S&P 500 |
| CUSIP | 33738D630 | ISIN | US33738D6307 |
| Management | Actively managed (per issuer description) | ||
About this ETF
XVAP is an actively managed ETF aiming to generate enhanced monthly income from Apple Inc. stock. The ETF targets an annualized distribution of 15%, less expenses, above the S&P 500 forward dividend yield by combining direct Apple share ownership with a multi-layered options strategy including short-duration call option sales, synthetic replication via paired call and put options, US Treasury income, and Box Spread premiums. Positions are adjusted weekly based on market volatility. Investors should be aware of the key trade-off: the strategy converts a portion of Apple's upside potential into current income. The ETF offers no downside protection. Distributions paid monthly may be treated as ordinary income or reclassified. Shares held less than one year should not expect to receive the full annualized target income. The ETF does not seek to match or outperform the total return of Apple stock or the S&P 500 Index, and achievement of the distribution target is not guaranteed.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.53% | — | — | — | — | — | — | — | +6.07% |
| Total return | +2.10% | — | — | — | — | — | — | — | +7.76% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.85% | Annual cost of a $10,000 investment | $85.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 24, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 3 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Apple Inc. | AAPL | 57.25% | 6.95K | $2.4M |
| 2 | US Dollar | — | 42.99% | 1.81M | $1.8M |
| 3 | 2026-10-30 Apple Inc. C 347.50 | — | -0.23% | -22 | -$9.8K |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.83% | Paid (last 12 months) | $0.9198 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 21, 2026 | Last payment | $0.4150 (Oct 30, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 21, 2026 | Oct 21, 2026 | Oct 30, 2026 | $0.4150 |
| Sep 24, 2026 | Sep 24, 2026 | Sep 30, 2026 | $0.5048 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
Liquidity
| Volume today | 4.89K | Average volume | 2.15K |
| AUM | $3.3M | Premium/Discount | -0.77% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $1.6M | +99.98% | $1.6M → $3.3M |
| 1 Month | $1.6M | +103.41% | $1.6M → $3.3M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for XVAP
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.