● LAUNCHED Began trading Aug 19, 2026. First distribution $0.518900, 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 XVTS Does, Per the Filing
Of the four funds First Trust launched in this family in August, XVTS is the one money actually went into. It reports $3,131,575 in net assets across 100,002 shares as of October 16, 2026. Its Apple, NVIDIA and SpaceX siblings each report 50,002 shares — exactly half. Whatever the marketing said about ten funds, the demand so far has concentrated in the Tesla one.
It is also built differently from half its family. XVTS holds Tesla outright at 75.08% of the portfolio, where the Apple and NVIDIA funds hold around half of theirs in the stock. Three quarters of this fund therefore behaves much like owning the share, less a 0.85% annual fee. The other quarter is the business end: listed and FLEX options written on Tesla plus an S&P 500 Mini Index box spread for financing, which is where the income comes from and which is also what gives away part of a Tesla rally.
The first check was the largest of the four: $0.518900 per share, ex-dividend September 24, 2026, payable September 30, classified by First Trust as an ordinary distribution rather than return of capital. That lines up with how the strategy is supposed to work — the most volatile of the three listed underlyings, the most direct exposure to it, the richest premium. Whether it holds up through a calm quarter is the open question, and one payment cannot answer it. For reference, the fund went from a $29.97 inception price to a $31.32 NAV on October 16, having touched $33.84 on the way.
One result that cuts against the asset-size story. More money has not bought a better market in the shares: 3,382 shares of average daily volume against its siblings' two-and-a-half thousand, but a 0.32% 30-day median bid/ask spread versus 0.25% on the smaller Apple and NVIDIA funds. It closed October 16 at a 0.13% premium to NAV, $31.36 against $31.32. Double the assets, wider spread.
Housekeeping that affects what you can trust here. First Trust gives inception as 8/18/2026; the tape's first bar is August 19, 2026, and that is the date this page uses. Vest Financial sub-advises and the listing is on Cboe BZX. Our own dividend feed has no distribution record for XVTS whatsoever, so the payment above is taken from First Trust's own distribution history page. No distribution frequency is published, so this page quotes no yield and annualizes nothing. We chart each payment as it lands.
What Nobody Can Know Yet
XVTS 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 XVTS launch?
It launched Aug 19, 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 XVTS pay?
It has paid once. The first was $0.518900, 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.
Is XVTS just a more expensive way to own Tesla?
Not quite, and the holdings explain why. It held Tesla at 75.08% of the portfolio on October 16, 2026, so three quarters of it does behave like owning the share, minus 0.85% a year. The other quarter is the business end: listed and FLEX options written on Tesla plus an S&P 500 Mini Index box spread, which is where the $0.518900 distribution came from and which also caps how much of a Tesla rally reaches you. Holding Tesla outright pays nothing and keeps all the upside; this fund pays and gives some of that upside away. Which is better depends entirely on what Tesla does next, and nobody writing about either knows that.