FCEF First Trust CEF Income Opportunity ETF

This is an actively managed fund that seeks to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges. In selecting the Closed-End Funds in which the Fund invests (“Underlying Funds”), 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 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 Underlying Funds may invest in, among other types of investments, U.S. and non-U.S. equity securities, U.S. and non-U.S. government debt, corporate debt, municipal securities, commodities, preferred securities, convertible securities, high yield securities (also known as “junk bonds”), master limited partnerships and senior loans.

$21.86  +0.15 (0.69%)
As of 08/12/2022 15:43:23 EST     IEX book   CBOE book


ETF Information
Sponsor:     First Trust
Category1:  Special Security Types
Category2:  Closed end funds
Category3:  
Morningstar category:  World Allocation
Leverage factor:  1.00
Inception date:  09/27/2016
Current yield:  5.85%
Historical average yield:  5.39%
Market cap:  $29,505,125
Average volume:  4,864
Fees:     2.9600%
Investment style: Actively managed

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