First Trust/abrdn Emerging Opportunity Fund

Frequently Asked Questions About FEO

What does FEO invest in?

The First Trust/abrdn Emerging Opportunity Fund operates as a closed-end, balanced mutual fund. Initially established and managed by First Trust Advisors L.P., it benefits from co-management by Aberdeen Asset Management Inc. The fund strategically invests in both public equity and fixed-income instruments within global emerging markets. Its equity holdings target companies across a broad spectrum of diversified sectors. The fixed-income component is diverse, encompassing sovereign debt, corporate bonds, high-yield securities, asset-backed instruments, credit-linked notes, and credit default swaps. Portfolio construction is driven by a thorough fundamental analysis. The fund's performance is measured against several key benchmarks: the Barclays Capital Global Emerging Markets Index, the FTSE All World Emerging Market Index, and a custom blended index. This blended index comprises 32.5% JPMorgan Emerging Markets Bond Index - Global Diversified, 32.5% JPMorgan Government Bond Index - Emerging Markets, and 35.0% MSCI Global Emerging Markets Index. The fund, domiciled in the United States, was formed on August 28, 2006.

What is the expense ratio of FEO?

An expense ratio for First Trust/abrdn Emerging Opportunity Fund (FEO) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is the duration of FEO?

Effective duration measures FEO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FEO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FEO?

FEO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FEO?

Yield to maturity (YTM) is the total return you'd earn from FEO if every bond in the portfolio is held to maturity at the current price. FEO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is FEO?

First Trust/abrdn Emerging Opportunity Fund (FEO) manages $47.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.