● LAUNCHED Began trading Sep 17, 2026. First distribution $0.412600, ex-dividend Sep 24, 2026. Every payment charted from that first one.
This fund is paying. Its record starts at the first check and every distribution is charted as it lands. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What XVSP Does, Per the Filing
XVSP is an income ETF whose largest holding is a private company. The reference asset is Space Exploration Technologies Corp. — SpaceX — and First Trust's holdings table shows its Class A shares at 74.64% of the fund as of October 16, 2026, held outright rather than referenced through a swap. That single fact drives most of what follows, because a private holding has no closing price on any exchange. Its contribution to the fund's daily NAV comes out of a valuation process instead of a last trade, which is a different species of uncertainty from the one a fund on a listed stock carries.
The market may already be registering that. On October 16 the fund closed at $31.17 against a $31.19 NAV — a discount, and the only one of the four August funds in this family not trading at a premium. The gap is 0.06% and a single day proves nothing. But on a fund valuing an unlisted asset internally, premium and discount is the one number where outside opinion shows up at all, so it is worth watching here in a way it is not on an Apple fund.
It has paid once: $0.412600 per share, ex-dividend September 24, 2026, payable September 30, and First Trust classifies it as an ordinary distribution rather than return of capital. Note which fund that is. XVSP produced the smallest first check of the four August funds while posting by far the widest price range — from a $29.78 inception price up to $36.34, a 22.0% rise, then back to $31.19, down 14.2% from that high. The biggest swing in the group did not produce the biggest payment, and anyone reasoning from volatility straight to income would have guessed the opposite.
This is also the clearest case on the site of why an inception date is not a listing date. First Trust gives inception as 8/25/2026 at a $29.78 inception price. The tape shows the first bar on September 17, 2026, twenty-three days later. For three weeks the fund existed and could not be bought, and only one of those two dates tells you anything useful about when you could have been a holder.
What it is doing with the money: holding the stock alongside listed and FLEX options written on it, with an S&P 500 Mini Index box spread leg for financing, sub-advised by Vest Financial at a 0.85% total expense ratio on Cboe BZX. First Trust states flatly that “an investment in the Fund is not an investment in the Underlying Security” — a sentence that does more work here than on any of its siblings, since the security in question is one you could not buy yourself. Getting in and out costs something too: a 0.31% 30-day median bid/ask spread against 3,121 shares of average daily volume.
Our own dividend feed reports no distributions for XVSP at all. The payment above is read from First Trust's distribution history page, because when a feed and an issuer disagree the issuer is the record. First Trust publishes no distribution frequency for this fund, so there is no schedule to quote and no yield here: one check times twelve is a guess wearing a percentage sign. The second payment is what makes this a record, and we chart every one as it arrives.
What Nobody Can Know Yet
XVSP has paid once, so there is a short record rather than a settled one, no real yield, and no evidence of how its strategy behaves across a full cycle. One check cannot be annualized into a yield, and anyone doing it is quoting a projection. Filings also get delayed, renamed, or quietly abandoned; this page's status updates daily either way. From here we chart every payment from its very first one, free.
One email the day a new income fund launches — nothing else, ever. We watch the issuers' own sites continuously; you hear before the videos exist.
Frequently Asked Questions
When did XVSP launch?
It launched Sep 17, 2026. our market-wide sweep of new US listings caught it the morning after it started trading, rather than its SEC registration. The status box above updates daily, and the launch tracker shows everything else on the runway.
What will XVSP pay?
It has paid once. The first was $0.412600, ex-dividend Sep 24, 2026. One check is a data point, not a yield, and this page will not annualize it. The strategy is option-income, so the distribution tracks the option premiums the fund actually collects.
Does XVSP mean I can own SpaceX through an ETF?
Not in the sense most people mean. First Trust states that an investment in the fund is not an investment in the underlying security, and shareholders get no rights in SpaceX. What the fund does hold is Space Exploration Technologies Corp. Class A shares at 74.64% of the portfolio as of October 16, 2026, per First Trust's own holdings page, with the rest of the exposure arriving through options and a box spread leg. The honest caveat follows from SpaceX being private: there is no exchange closing price for that holding, so its contribution to daily NAV comes from a valuation process. That is a real difference from a fund built on a listed stock, and it belongs in the decision rather than in a footnote.