SCIO

First Trust Structured Credit Income Opportunities ETF

$20.80

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The First Trust Structured Credit Income Opportunities ETF (SCIO) seeks to provide current income.

Overview

ETF tracking First Trust Structured Credit Income Opportunities ETF

Category Fixed Income

Issuer First Trust

Inception Date 2024-02-28

Market Cap $48.9M

Average Volume N/A

Dividend Yield 5.37%

52-Week Range $20.04 - $21.03

VWAP $20.80

Performance

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Investment Summary

📎 Investment Objective

The First Trust Structured Credit Income Opportunities ETF (SCIO) seeks to provide current income.

🎯 Investment Strategy

The ETF invests primarily in structured credit instruments, such as collateralized loan obligations (CLOs) and other securitized credit products, in an effort to generate a high level of current income.

✨ Key Features

Focuses on structured credit instruments like CLOs to generate income
Actively managed portfolio seeking to identify attractive opportunities in the structured credit market
Relatively low assets under management and limited trading history

⚠️ Primary Risks

Exposure to the risks of the structured credit market, including credit, liquidity, and interest rate risks
Potential for volatility and fluctuations in the value of the underlying investments
Limited performance history and track record for the fund
Lack of diversification due to the concentrated nature of the portfolio

👤 Best For

This ETF may be suitable for investors seeking a source of current income who have a higher risk tolerance and understand the unique risks associated with structured credit investments. It is likely most appropriate as a small allocation within a diversified fixed income portfolio.