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About First Trust Income Opportunities ETF
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Inception date
Sep 27, 2016
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund95.54%
ETF3.98%
Cash0.48%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCEF top holdings are Eaton Vance Tax-Advantaged Global Dividend Income Fund and Invesco Variable Rate Investment Grade ETF, occupying 4.08% and 3.75% of the portfolio correspondingly.
FCEF last dividends amounted to 0.14 USD. The month before, the issuer paid 0.14 USD in dividends,
FCEF assets under management is 44.69 M USD. It's risen 10.85% over the last month.
FCEF fund flows account for 10.78 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FCEF pays dividends to its holders with the dividend yield of 7.46%. The last dividend (May 30, 2025) amounted to 0.14 USD. The dividends are paid monthly.
FCEF shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Sep 27, 2016, and its management style is Active.
FCEF expense ratio is 3.29% meaning you'd have to pay 3.29% of your investment to help manage the fund.
FCEF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCEF invests in funds.
FCEF price has risen by 5.53% over the last month, and its yearly performance shows a 2.17% increase. See more dynamics on FCEF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.90% over the last month, showed a −2.24% decrease in three-month performance and has increased by 7.22% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.90% over the last month, showed a −2.24% decrease in three-month performance and has increased by 7.22% in a year.
FCEF trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.