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Launched · SEC filings

First Trust Structured Credit Income Opportunities ETF

SCIONYSE ArcaFirst TrustD

$20.20+0.04 (+0.20%)

As of Nov 2, 2026, 3:59 PM ET

D34/ 100

Rank 20 of 25 in Mortgage-Backed Securities

D34/100Rank 20 of 25inMortgage-Backed Securities
Intraday session: up, 79 prints from 20.16 to 20.20. Range 20.19 to 20.22. Use the arrow keys to read each point.20.1720.1820.1920.2120.2210 AM12 PM2 PM4 PM
Expense ratio
0.86%
Fund size
$573M
1Y total return
+2.7%
Yield · Last 12 months
5.68%
Holdings
395
Avg volume · 30D
281K sh
52W range
low $19.89high $21.69
Launched
Filings
SEC EDGAR

The ETF.net SCIO Grade

D

Score 34 out of 100

Category
Mortgage-Backed Securities⁠
Rank
20 of 25
Six-pillar profile for SCIO. Scores out of 100: Cost 0, Risk 80, Mission 31, Tradability 44, Holdings 56, Durability 57. Strongest: Risk (80). Weakest: Cost (0). Leans toward Risk.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 25 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D31 out of 100
    Rank 17 of 21

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A80 out of 100
    Rank 4 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 14 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 12 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 11 of 25

Our read on SCIO

ETF.net Research

In short

DMost of the mortgage-bond aisle is cheap index trackers holding thousands of agency loans. SCIO is the odd one out: an active First Trust book of roughly 50 structured credit positions, paying monthly.

Stated mandate

The Fund seeks to maximize long-term income. Under normal market conditions, it invests at least 80% of net assets, plus investment borrowings, in structured credit investments such as RMBS, CMBS, CLOs and ABS.

Why people hold it

  • Clear mandate: at least 80% of net assets in structured credit, with the stated goal of maximizing long-term income. Managers pick the paper instead of replicating an index.ftportfolios.com
  • Income shows up monthly, which matches the fund's own income-first objective rather than a quarterly bond-fund rhythm.
  • Roughly 50 positions, so manager selection actually drives the outcome. That is exposure a broad agency-MBS index fund like VMBS or MBB is not built to give you.
  • For a niche credit strategy, it trades with moderate, workable volume and carries a real asset base behind it.

Worth knowing

  • Active work costs money: 0.70% a year, versus single-digit basis points at index rivals such as VMBS (0.03%) and SPMB (0.04%).
  • Launched in 2024, so the track record is short and has not been tested across a full credit cycle.
  • It is shelved with mortgage-bond funds but does not behave like one. Structured credit carries different risks than government-backed agency paper.

SCIO Holdings

Holdings pillarB56 out of 100Rank 12 of 25 in Mortgage-Backed Securities
Asset class
Bonds
Holdings
395
Top-10 weight
31%
Largest holding
US 5YR NOTE (CBT) Dec2611.0%

Geography

  • United States92.61%
  • Cayman Islands6.84%
  • Ireland0.51%
  • United Kingdom0.04%
The fund’s holdings, weight-ordered — page 1 of 27.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUS 5YR NOTE (CBT) Dec2611.00%699$73.3M25
2No dataUS 2YR NOTE (CBT) Dec268.75%285$58.3M17
3No dataUS 10YR NOTE (CBT)Dec262.91%182$19.4M21
4No dataUS ULTRA BOND CBT Dec261.57%96$10.5M14
5No dataFannie Mae or Freddie Mac TBA, 3.50%, due 02/01/20521.40%10,665,000$9.3M13
6No dataFannie Mae or Freddie Mac TBA, 6%, due 06/01/20561.31%8,750,000$8.72M13
7No dataGNMA TBA, 6.50%, due 01/01/20561.08%7,100,000$7.19M10
8No dataREMIC FUNDING TRUST 98-1 Series 2026-2, Class A, 6.259%, due 11/27/20560.95%6,366,218$6.32M5
9No dataFannie Mae or Freddie Mac TBA, 5.50%, due 04/01/20560.93%6,349,000$6.2M19
10No dataFannie Mae - CAS Series 2020-R01, Class 1B1, Variable rate, due 01/25/20400.91%6,066,000$6.09M2
11No dataFreddie Mac - STACR Series 2022-HQA1, Class B2, Variable rate, due 03/25/20420.86%5,500,000$5.7M5
12No dataZayo Issuer LLC Series 2025-2A, Class C, 9.489%, due 06/20/20550.85%5,500,000$5.67M2
13No dataConsolidated Communications LLC, Fidium Fiber Fina Series 2025-1A, Class C, 9.408%, due 05/20/20550.85%5,500,000$5.65M2
14No dataGNMA G2 788850, 6%, due 09/20/20660.75%4,975,727$5M3
15No dataU.S. Treasury Bill, 0%, due 11/10/20260.75%5,000,000$5M20

Showing 1–15 of 395 holdings

SCIO Performance

Launched Feb 27, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SCIO$10,267
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SCIO $10,267. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SCIO. Periods over one year show the average yearly return.
PeriodSCIO
Year to date+1.5%
1 month+1.6%
3 months−0.2%
1 year+2.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SCIO
YearReturn barSCIO
2026 YTD+1.5%
2025+10.1%
2024+7.4%

History from Feb 28, 2024

SCIO in the news

SCIO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
5.68%Last 12 months
Payout per share
$1.14Last 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 31 payments from 2024 to 2026 YTD. Apr 23, 2024 $0.09; May 21, 2024 $0.10; Jun 27, 2024 $0.10; Jul 23, 2024 $0.11; Aug 21, 2024 $0.11; Sep 26, 2024 $0.12; Oct 22, 2024 $0.14; Nov 21, 2024 $0.14; Dec 13, 2024 $0.49; Jan 22, 2025 $0.11; Feb 21, 2025 $0.11; Mar 27, 2025 $0.11; Apr 22, 2025 $0.12; May 21, 2025 $0.12; Jun 26, 2025 $0.12; Jul 22, 2025 $0.12; Aug 21, 2025 $0.12; Sep 25, 2025 $0.12; Oct 21, 2025 $0.11; Nov 21, 2025 $0.10; Dec 12, 2025 $0.10; Jan 21, 2026 $0.10; Feb 20, 2026 $0.10; Mar 26, 2026 $0.10; Apr 21, 2026 $0.10; May 21, 2026 $0.10; Jun 25, 2026 $0.10; Jul 21, 2026 $0.10; Aug 21, 2026 $0.10; Sep 24, 2026 $0.10; Oct 21, 2026 $0.10. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 30, 2026$0.10
Sep 24, 2026Sep 30, 2026$0.10
Aug 21, 2026Aug 31, 2026$0.10
Jul 21, 2026Jul 31, 2026$0.10
Jun 25, 2026Jun 30, 2026$0.10
May 21, 2026May 29, 2026$0.10
Apr 21, 2026Apr 30, 2026$0.10
Mar 26, 2026Mar 31, 2026$0.10
Feb 20, 2026Feb 27, 2026$0.10
Jan 21, 2026Jan 30, 2026$0.10
Dec 12, 2025Dec 31, 2025$0.10
Nov 21, 2025Nov 28, 2025$0.10

See all 31 payments⁠

$10,000 in SCIO 1 year ago paid $552 in dividends.⁠

SCIO Risk

Risk pillarA80 out of 100Rank 4 of 25 in Mortgage-Backed Securities
How much the fund’s monthly returns vary, scaled to a year.
3.1%
Annualised · 32 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.81
vs 3-month T-bills · 32 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.7%
32 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SCIO Cost

Compare SCIO and VMBS

Overpaying vs VMBS, tied cheapest in Mortgage-Backed Securities

$15,730

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCIO 0.86%

    $16,368

  • VMBS 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • SCIO 0.86%
  • VMBS 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SCIO $16,368VMBS $638

Year by year

YearSCIOVMBSOverpaying
10$1,525$55$1,470
20$5,768$216$5,552
30$16,368$638$15,730

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