FCEFFirst Trust CEF Income Opportunity ETF
FCEF Fund Description
FCEF is an actively managed ETF that holds closed-end funds to get exposure to U.S. and non-U.S. equity, fixed income securities, and commodities. The fund's primary objective is to provide current income.
FCEF Factset Analytics Insight
Actively managed FCEF invests in publicly traded closed-end funds (CEFs) to provide current income to investors. It can invest in CEFs with exposure to a broad range of assets: U.S. and non-U.S. 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. Some rival ETFs specifically hunt for CEFs at a discount to boost yield, but FCEF’s selection and weighting approach remains largely opaque to investors—which is not unusual for an active fund, but not helpful either. As with those of peer funds, FCEF’s high expense ratio is attributable to underlying fund fees.
FCEF Charts And Performance
FCEF Factset Analytics Block Liquidity
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.