First Trust Income Opportunities ETF

Frequently Asked Questions About FCEF

What does FCEF invest in?

First Trust Exchange-Traded Fund VIII - First Trust Income Opportunities ETF is an exchange traded fund launched and managed by First Trust Advisors LP. It invests in public equity markets of the United States. The fund invests through other funds in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to benchmark the performance of its portfolio against the Russell 3000 Index and a Blended Benchmark comprising of 60% of the First Trust Equity Closed-End Fund Total Return Index and 40% of the First Trust Taxable Fixed Income Closed-End Fund Total Return Index. It employs proprietary research to create its portfolio. First Trust Exchange-Traded Fund VIII - First Trust Income Opportunities ETF was formed on September 27, 2016 and is domiciled in the United States.

What is the expense ratio of FCEF?

First Trust Income Opportunities ETF (FCEF) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is FCEF's dividend yield?

FCEF's trailing-twelve-month yield is 6.79%, calculated from the sum of dividends over the past year divided by the current price.

How big is FCEF?

First Trust Income Opportunities ETF (FCEF) manages $83.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FCEF actively managed or an index fund?

FCEF is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FCEF's is 0.85%) because there's no security selection cost.

When was FCEF launched?

First Trust Income Opportunities ETF (FCEF) launched in September 2016 and is managed by First Trust.