Key stats
About First Trust Exchange-Traded Fund IV First Trust Structured Credit Income Opportunities ETF
Expense ratio
0.95%
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Inception date
Feb 27, 2024
SCIO aims to seize opportunities within the structured credit investment space through a relative value approach. The strategy combines quantitative and qualitative methods to evaluate risk-reward profiles. The funds investments include agency and non-agency-issued RMBS, CMBS, CLOs, and ABS, with at least 50% consisting of pass-through securities, as well as mortgage-related securities such as CMOs, SMBs, REMIC, and mortgage dollar rolls. Additionally, derivatives such as futures, forwards, options, and swaps may be used to enhance returns, manage risks, and maintain market exposure. Up to 60% of the holdings may consist of sub-investment grade securities, including distressed ones. Utilizing third-party models, the fund aims to maintain a weighted average portfolio duration of -1 to +6 years. The fund may enter short sale transactions.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized83.55%
Government4.74%
Cash4.62%
Mutual fund3.75%
Miscellaneous3.33%