FCEF

First Trust CEF Income Opportunity ETF
*Unless otherwise stated, data provided by FactSet.

FCEF Fund Description

FCEF is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund's primary objective is to provide current income.

FCEF Factset Analytics Insight

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.

FCEF MSCI ESG Analytics Insight

First Trust CEF Income Opportunity ETF has an MSCI ESG Fund Rating of A based on a score of 5.86 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust CEF Income Opportunity ETF ranks in the 42nd percentile within its peer group and in the 52nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 09/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FCEF 0.16% 1.44% 17.09% 33.81% 10.38% -- --
FCEF (NAV) 0.52% 1.86% 16.78% 33.97% 10.39% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FCEF Summary Data

First Trust
09/27/16
Open-Ended Fund
2.91%
$38.51M
0.45%

FCEF Portfolio Data

4.12%
N/A

FCEF Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FCEF Fund Structure

No
No
-- / --
N/A
N/A
High
N/A
N/A

FCEF Tax Exposures

20.00% / 39.60%
--
No

FCEF Factset Analytics Block Liquidity

As of 09/17/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FCEF. FCEF is rated a N/A out of 5.

FCEF Tradability

6,078
$154.55K
3,270
$83.18K
0.45%
$0.11
0.00%
1.69% / -0.79%
None
100.00%
50,000
0.07
0.04%
--
0
$25.55
N/A

FCEF MSCI ESG Ratings

5.86 / 10
51.63
41.59
4.94%
3.97%
317.68