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First Trust Income Opportunities ETF

Active ETF
FCEF
Payout Change
Pending
Price as of:
$19.7388 +0.01 +0.07%
primary theme
N/A
FCEF (ETF)

First Trust Income Opportunities ETF

Payout Change
Pending
Price as of:
$19.7388 +0.01 +0.07%
primary theme
N/A
FCEF (ETF)

First Trust Income Opportunities ETF

Payout Change
Pending
Price as of:
$19.7388 +0.01 +0.07%
primary theme
N/A

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Income Opportunities ETF

FCEF | Active ETF

$19.74

$31.2 M

0.00%

3.29%

Vitals

YTD Return

1.6%

1 yr return

9.4%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

4.3%

Net Assets

$31.2 M

Holdings in Top 10

34.8%

52 WEEK LOW AND HIGH

$19.7
$17.62
$20.72

Expenses

OPERATING FEES

Expense Ratio 3.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Income Opportunities ETF

FCEF | Active ETF

$19.74

$31.2 M

0.00%

3.29%

FCEF - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Income Opportunities ETF
  • Fund Family Name
    First Trust Advisors L.P
  • Inception Date
    Sep 27, 2016
  • Shares Outstanding
    1405000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ken Fincher

Fund Description

Under normal market conditions, the Fund seeks to achieve its investment objectives by investing in a portfolio of closed-end investment companies ("closed-end funds") and exchange-traded funds ("ETFs") that are listed and traded in the United States on registered exchanges. Closed-end funds and ETFs are managed registered investment companies which invest in various types of securities. Both closed-end funds and ETFs trade on a securities exchange and their shares may, at times, trade at a premium or discount to their net asset value. As a shareholder in a pooled investment vehicle, the Fund will bear its ratable share of an underlying fund's expenses and would remain subject to payment of the underlying fund’s advisory and administrative fees with respect to assets so invested.In selecting the closed-end funds and ETFs for the Fund’s portfolio, the Fund’s investment advisor utilizes a range of investment approaches. The Fund’s investment advisor generally takes a systemic approach to investing, including the utilization of a proprietary model that identifies, sorts and scores closed-end funds and ETFs based upon various market metrics and economic factors, including, but not limited to, fund size, duration, leverage ratio, average maturity, earnings rate, undistributed net investment income, distribution rate, premium or discount, net asset value and share price returns, sponsor and distribution policies. The specific metrics and factors considered depend upon the investment advisor’s current economic outlook and will vary from time to time, as will the importance assigned to each factor in the scoring and weighting process. The model delivers a universe of possible investments, from which the investment advisor, after performing further issuer-specific research and analysis to determine the best fits for the Fund’s investment objective, selects a final portfolio for the Fund.The Fund may hold closed-end funds and/or ETFs that invest in U.S. and non-U.S. equity securities, U.S. and non-U.S. government debt securities, securities denominated in a non-U.S. currency, corporate debt securities, municipal securities, commodities, preferred securities, convertible securities, high yield securities (also known as “junk bonds”), master limited partnerships ("MLPs"), real estate investment trusts ("REITs"), asset-backed securities, bank loans, covenant-lite loans, custodial receipts, derivatives, distressed securities, floating rate securities, inverse floaters, mortgage-related securities, pre-refunded bonds, private activity bonds, companies with various market capitalizations, zero coupon bonds and senior loans. The Fund may also invest in money market funds and closed-end funds and/or ETFs that utilize leverage.
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FCEF - Performance

Return Ranking - Trailing

Period FCEF Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -23.7% 16.4% 53.65%
1 Yr 9.4% -8.9% 48.3% 41.20%
3 Yr -0.9%* -2.2% 16.4% 32.52%
5 Yr 4.3%* -0.7% 13.4% 17.76%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period FCEF Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -40.8% 20.6% 9.53%
2022 -24.7% -21.0% 24.5% 79.95%
2021 13.8% -24.2% 27.8% 3.27%
2020 -1.9% -23.1% 11.7% 82.84%
2019 21.5% -100.0% 20.6% 49.05%

Total Return Ranking - Trailing

Period FCEF Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -23.7% 16.4% 95.06%
1 Yr 9.4% -12.8% 48.3% 37.92%
3 Yr -0.9%* -3.4% 16.4% 28.60%
5 Yr 4.3%* -1.1% 13.4% 16.48%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period FCEF Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -40.8% 20.6% 9.53%
2022 -19.5% -21.0% 24.5% 79.95%
2021 19.5% -24.2% 27.8% 3.27%
2020 3.9% -23.1% 11.7% 87.59%
2019 28.3% -2.9% 23.1% 74.66%

FCEF - Holdings

Concentration Analysis

FCEF Category Low Category High FCEF % Rank
Net Assets 31.2 M 1.12 M 110 B 90.93%
Number of Holdings 53 2 10961 74.53%
Net Assets in Top 10 9.02 M -31.7 M 22 B 86.85%
Weighting of Top 10 34.81% 10.8% 100.0% 38.58%

Top 10 Holdings

  1. MSILF Treasury Portfolio 4.17%
  2. Eaton Vance Tax-Advantaged Global Dividend Income Fund 4.05%
  3. Ares Dynamic Credit Allocation Fund Inc 3.50%
  4. Invesco Variable Rate Investment Grade ETF 3.43%
  5. abrdn Healthcare Opportunities Fund 3.31%
  6. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund 3.30%
  7. Source Capital Inc 3.30%
  8. abrdn Global Infrastructure Income Fund 3.29%
  9. SPDR Bloomberg 1-3 Month T-Bill ETF 3.28%
  10. John Hancock Tax-Advantaged Dividend Income Fund 3.17%

Asset Allocation

Weighting Return Low Return High FCEF % Rank
Stocks 		94.91% -45.72% 98.42% 74.11%
Cash 		5.09% -97.12% 185.58% 79.54%
Convertible Bonds 		3.09% 0.00% 25.49% 8.98%
Preferred Stocks 		0.00% -0.03% 14.00% 4.38%
Other 		0.00% -1.25% 197.12% 100.00%
Bonds 		0.00% -39.76% 93.84% 19.42%

Stock Sector Breakdown

Weighting Return Low Return High FCEF % Rank
Healthcare 		20.94% 0.00% 30.30% 0.64%
Utilities 		13.31% 0.00% 40.29% 11.89%
Energy 		11.10% 0.00% 38.61% 24.63%
Technology 		10.89% 0.00% 39.48% 55.84%
Industrials 		10.04% 0.09% 32.39% 68.37%
Financial Services 		9.31% 0.00% 30.34% 76.86%
Real Estate 		8.25% 0.00% 90.14% 33.55%
Communication Services 		5.32% 0.00% 28.59% 65.61%
Consumer Cyclical 		4.75% 0.00% 20.84% 62.85%
Consumer Defense 		3.31% 0.00% 31.85% 81.53%
Basic Materials 		2.78% 0.00% 60.23% 88.96%

Stock Geographic Breakdown

Weighting Return Low Return High FCEF % Rank
US 		94.91% -4.82% 95.75% 24.01%
Non US 		0.00% -46.69% 57.06% 90.19%

FCEF - Expenses

Operational Fees

FCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.29% 0.16% 2.71% 1.04%
Management Fee 0.85% 0.00% 1.70% 90.79%
12b-1 Fee 0.00% 0.00% 1.00% 7.97%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 441.00% 9.91%

FCEF - Distributions

Dividend Yield Analysis

FCEF Category Low Category High FCEF % Rank
Dividend Yield 0.00% 0.00% 10.92% 4.57%

Dividend Distribution Analysis

FCEF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FCEF Category Low Category High FCEF % Rank
Net Income Ratio 2.79% -5.20% 6.33% 17.86%

Capital Gain Distribution Analysis

FCEF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FCEF - Fund Manager Analysis

Managers

Ken Fincher

Start Date

Tenure

Tenure Rank

Sep 27, 2016

5.68

5.7%

Ken Fincher is a Senior Vice President and Portfolio Manager at First Trust. His current responsibilities include management of separately managed accounts that invest primarily in closed-end funds. He has also helped develop new product structures in the closed-end fund space. Mr. Fincher has been named Outstanding Individual Contributor to the Closed-End Fund Sector in 2007, 2006, 2005 and 2004 by financial analysts and his peers in the closed-end fund community and also served on the Closed-End Fund committee of the Investment Company Institute. Mr. Fincher received a B.A. in financial administration from Michigan State University and an M.B.A. from Loyola University Graduate School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25

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