Key stats
About First Trust Structured Credit Income Opportunities ETF
Home page
Inception date
Feb 27, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33738D7701
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.
Related funds
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized85.42%
Mutual fund8.41%
Cash5.57%
Miscellaneous0.57%
Rights & Warrants0.02%
Futures0.01%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SCIO trades at 20.75 USD today, its price has fallen −0.10% in the past 24 hours. Track more dynamics on SCIO price chart.
SCIO net asset value is 20.73 today — it's risen 0.42% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SCIO assets under management is 85.95 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SCIO price has fallen by −0.24% over the last month, and its yearly performance shows a 2.17% increase. See more dynamics on SCIO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.42% over the last month, showed a 1.82% increase in three-month performance and has increased by 8.42% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.42% over the last month, showed a 1.82% increase in three-month performance and has increased by 8.42% in a year.
SCIO fund flows account for 70.40 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SCIO invests in bonds. See more details in our Analysis section.
SCIO expense ratio is 0.86%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SCIO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SCIO technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SCIO shows the buy signal. See more of SCIO technicals for a more comprehensive analysis.
Today, SCIO technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SCIO shows the buy signal. See more of SCIO technicals for a more comprehensive analysis.
Yes, SCIO pays dividends to its holders with the dividend yield of 6.71%.
SCIO trades at a premium (0.21%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SCIO shares are issued by AJM Ventures LLC
SCIO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 27, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.