Key stats
About First Trust Income Opportunities ETF
Expense ratio
3.29%
Home page
Inception date
Sep 27, 2016
FCEF is actively-managed to invest in publicly traded closed-end funds (CEFs) in providing current income to investors. It can invest in CEFs with exposure to a broad range of assets: US and non-US equities, government debt, corporate debt, municipal debt, commodities, preferred securities, convertible securities, high yield securities, MLPs, and senior loans. By their nature the underlying CEFs can exhibit significant premiums and discounts to net asset value. FCEF`s selection and weighting approach remains largely opaque to investors which includes a proprietary methodology involving various factors such as economic factors, 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.
Classification
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund96.92%
ETF3.07%
Cash0.01%
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