---
ticker: "FCEF"
name: "First Trust Income Opportunities ETF"
url: "https://etf.net/etf/FCEF"
grade: "B"
score: 66
graded_at: "2026-10-12"
category: "Closed-End Fund Portfolios"
category_rank: "1 of 7"
methodology: "https://etf.net/methodology"
---

# FCEF: First Trust Income Opportunities ETF

Grade **B**, Score 66 of 100. Rank 1 of 7 in Closed-End Fund Portfolios.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 71 | 2 of 7 |
| Mission | Not scored | — |
| Risk | 59 | 2 of 7 |
| Tradability | 65 | 3 of 7 |
| Holdings | 61 | 4 of 7 |
| Durability | 69 | 3 of 7 |

## Top holdings

The fund holds 61 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | US Dollar | 5.55% |
| 2 | VRIG | Invesco Variable Rate Investment Grade ETF | 3.89% |
| 3 | EVT | Eaton Vance Tax-Advantaged Dividend Income Fund | 3.37% |
| 4 | ETG | Eaton Vance Tax-Advantaged Global Dividend Income Fund | 3.33% |
| 5 | ETO | Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 3.30% |
| 6 | HTD | John Hancock Tax-Advantaged Dividend Income Fund | 3.10% |
| 7 | BST | BlackRock Science & Technology Trust | 3.00% |
| 8 | GDV | The Gabelli Dividend & Income Trust | 2.99% |
| 9 | UTF | Cohen & Steers Infrastructure Fund, Inc. | 2.88% |
| 10 | TY | Tri-Continental Corporation | 2.80% |
| 11 | PDT | John Hancock Premium Dividend Fund | 2.52% |
| 12 | SOR | Source Capital | 2.51% |
| 13 | WIW | Western Asset Inflation-Linked Opportunities & Income Fund | 2.47% |
| 14 | CET | Central Securities Corporation | 2.39% |
| 15 | WDI | Western Asset Diversified Income Fund | 2.14% |
| 16 | THQ | abrdn Healthcare Opportunities Fund | 2.12% |
| 17 | BTZ | BlackRock Credit Allocation Income Trust | 1.99% |
| 18 | RA | Brookfield Real Assets Income Fund Inc. | 1.97% |
| 19 | UTG | Reaves Utility Income Fund | 1.97% |
| 20 | GAM | General American Investors Company, Inc. | 1.95% |
| 21 | DPG | Duff & Phelps Utility and Infrastructure Fund Inc. | 1.94% |
| 22 | RVT | Royce Small-Cap Trust, Inc. | 1.94% |
| 23 | FINS | Angel Oak Financial Strategies Income Term Trust | 1.82% |
| 24 | BKT | BlackRock Income Trust | 1.72% |
| 25 | PEO | Adams Natural Resources Fund, Inc. | 1.68% |
| 26 | HQL | abrdn Life Sciences Investors | 1.63% |
| 27 | BHK | BlackRock Core Bond Trust | 1.63% |
| 28 | QQQX | Nuveen Nasdaq 100 Dynamic Overwrite Fund | 1.57% |
| 29 | CII | BlackRock Enhanced Large Cap Core Fund, Inc. | 1.55% |
| 30 | NMAI | Nuveen Multi-Asset Income Fund | 1.54% |

Source: etf.net, https://etf.net/etf/FCEF. Please cite the page URL.