First Trust CEF Income Opportunity ETF (FCEF)
FCEF is an actively managed ETF by First Trust. FCEF launched on Sep 27, 2016 and has a 2.91% expense ratio.
ETF Info
US33740F4090
33740F409
Sep 27, 2016
North America (U.S.)
1x
No Index (Active)
Multi-Cap
Blend
Expense Ratio
FCEF has a high expense ratio of 2.91%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust CEF Income Opportunity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust CEF Income Opportunity ETF had a return of 4.62% year-to-date (YTD) and 19.84% in the last 12 months.
FCEF
4.62%
1.27%
7.33%
19.84%
5.58%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FCEF, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.15% | 4.62% | |||||||||||
| 2024 | 1.19% | 2.17% | 3.18% | -2.32% | 4.17% | 1.65% | 3.64% | 1.59% | 2.44% | -1.22% | 3.37% | -3.28% | 17.51% |
| 2023 | 7.21% | -2.65% | -2.35% | 0.66% | -2.52% | 3.87% | 3.27% | -2.08% | -2.95% | -3.48% | 7.98% | 3.83% | 10.30% |
| 2022 | -6.14% | -4.22% | 3.64% | -6.91% | -0.30% | -8.07% | 8.89% | -3.03% | -9.87% | 6.14% | 4.49% | -4.05% | -19.49% |
| 2021 | 0.57% | 2.95% | 3.43% | 4.37% | 1.56% | 1.99% | -1.03% | 2.49% | -3.06% | 3.95% | -2.75% | 3.83% | 19.50% |
| 2020 | 0.75% | -9.37% | -20.58% | 8.93% | 5.01% | 1.78% | 3.87% | 3.79% | -1.73% | -2.64% | 14.23% | 4.42% | 3.85% |
| 2019 | 10.63% | 2.51% | 1.29% | 2.50% | -3.44% | 4.81% | 1.68% | -1.37% | 2.55% | 0.59% | 1.97% | 2.06% | 28.31% |
| 2018 | 1.33% | -2.14% | -1.00% | 1.25% | 1.14% | 0.34% | 1.91% | 1.66% | -0.54% | -6.95% | 0.67% | -7.19% | -9.65% |
| 2017 | 3.02% | 2.19% | 0.28% | 2.90% | 0.93% | 0.38% | 2.29% | -0.55% | 2.17% | 0.32% | -0.59% | 1.39% | 15.68% |
| 2016 | -2.27% | 0.92% | 2.58% | 1.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, FCEF is among the top 16% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust CEF Income Opportunity ETF (FCEF) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust CEF Income Opportunity ETF provided a 7.03% dividend yield over the last twelve months, with an annual payout of $1.57 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.57 | $1.54 | $1.42 | $1.41 | $1.22 | $1.14 | $1.17 | $1.13 | $1.07 | $0.30 |
Dividend yield | 7.03% | 7.13% | 7.19% | 7.29% | 4.74% | 5.05% | 5.10% | 5.96% | 4.87% | 1.51% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust CEF Income Opportunity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.14 | $0.14 | $0.27 | ||||||||||
| 2024 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $1.54 |
| 2023 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.42 |
| 2022 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.41 |
| 2021 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $1.22 |
| 2020 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.14 |
| 2019 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.17 |
| 2018 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.13 |
| 2017 | $0.11 | $0.10 | $0.11 | $0.10 | $0.09 | $0.08 | $0.07 | $0.07 | $0.09 | $0.09 | $0.09 | $0.08 | $1.07 |
| 2016 | $0.10 | $0.11 | $0.09 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust CEF Income Opportunity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust CEF Income Opportunity ETF was 44.81%, occurring on Mar 18, 2020. Recovery took 203 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.81% | Feb 21, 2020 | 19 | Mar 18, 2020 | 203 | Jan 7, 2021 | 222 |
| -25.31% | Sep 8, 2021 | 278 | Oct 14, 2022 | 437 | Jul 16, 2024 | 715 |
| -17.78% | Aug 30, 2018 | 79 | Dec 24, 2018 | 68 | Apr 5, 2019 | 147 |
| -6.94% | Oct 11, 2016 | 15 | Nov 4, 2016 | 40 | Jan 5, 2017 | 55 |
| -6.9% | Jan 29, 2018 | 10 | Feb 9, 2018 | 109 | Jul 19, 2018 | 119 |
Volatility
Volatility Chart
The current First Trust CEF Income Opportunity ETF volatility is 1.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.