First Trust Structured Credit Income Opportunities ETF

Frequently Asked Questions About SCIO

What does SCIO invest in?

The First Trust Structured Credit Income Opportunities ETF, often referred to as "the Fund," prioritizes maximizing income generation over an extended period. Ordinarily, the Fund commits no less than 80% of its net assets, along with any capital obtained through borrowing for investment purposes, into various structured credit instruments.

What is the expense ratio of SCIO?

First Trust Structured Credit Income Opportunities ETF (SCIO) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

What is SCIO's dividend yield?

SCIO's trailing-twelve-month yield is 5.74%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SCIO?

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

What is the credit quality of SCIO?

SCIO'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 SCIO?

Yield to maturity (YTM) is the total return you'd earn from SCIO if every bond in the portfolio is held to maturity at the current price. SCIO'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.