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ETFs

First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF

FCEF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 27, 2016
Expense Ratio
2.20%
Type
US Closed End Funds
Fund Owner
First Trust
Volume (1m avg. daily)
$71,844
AUM
$28,384,300
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollar
4.44%
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SOR
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ASGI
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HTD
John Hancock Tax-Advantaged Dividend Income Fund
3.21%
EVT
Eaton Vance Tax-Advantaged Dividend Income Fund
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ETO
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
3.18%
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
3.08%
Invest with FCEF

What is FCEF?

The First Trust Income Opportunities ETF (formerly First Trust CEF Income Opportunity ETF) (the "Fund") seeks to provide current income with a secondary emphasis on total return. 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.

ETFs related toFCEF

ETFs correlated to FCEF include BKMC, PCEF, IMCB

FCEF
First Trust Exchange-Traded Fund VIII - First Trust Income Opportunities ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FCEF is a US Closed End Funds ETF. The First Trust Income Opportunities ETF (formerly First Trust CEF Income Opportunity ETF) (the "Fund") seeks to provide current income with a secondary emphasis on total return. 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.

Yes, FCEF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FCEF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FCEF is -0.0068%. This is the percent change in the value of FCEF over the most recent 1-month period. The 3-month return on FCEF is 0.0032%. This is the percent change in the value of FCEF over the most recent 3-month period.

The standard deviation of FCEF for the past year is 0.1263%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FCEF include PFF, PGF, and PGX.

ETFs correlated to FCEF include BKMC, PCEF, and IMCB.

ETFs that are inversely correlated to FCEF include SPXU, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.