First Trust Structured Credit Income Opportunities ETF
$20.14−0.08 (−0.40%)
History starts Feb 28, 2024.
- Expense ratio
- 0.70%
- Fund size
- $557M
- 1Y return
- +1.8%
- Yield · Last 12 months
- 5.81%
- Holdings
- 451
- Volume · 30D
- 0.2M sh
- NAV per share
- $20.26
- 52W range
The ETF.net SCIO Grade
Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 10Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 17Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 72Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on SCIO
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.
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
- Bonds
- 451
- 33%
- US 2YR NOTE (CBT) Dec26
Geography
- United States100.00%
SCIO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SCIO$10,183
Returns run to the Sep 22, 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.
| Period | SCIO |
|---|---|
| Year to date | +0.9% |
| 1 month | −1.4% |
| 3 months | −0.9% |
| 1 year | +1.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCIO |
|---|---|---|
| 2026 YTD | +0.9% | |
| 2025 | +10.1% | |
| 2024 | +7.4% |
SCIO in the news
SCIO Dividends
- 5.81%
- $1.17
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 21, 2026 | Aug 31, 2026 | $0.10 |
| Jul 21, 2026 | Jul 31, 2026 | $0.10 |
| Jun 25, 2026 | Jun 30, 2026 | $0.10 |
| May 21, 2026 | May 29, 2026 | $0.10 |
| Apr 21, 2026 | Apr 30, 2026 | $0.10 |
| Mar 26, 2026 | Mar 31, 2026 | $0.10 |
| Feb 20, 2026 | Feb 27, 2026 | $0.10 |
| Jan 21, 2026 | Jan 30, 2026 | $0.10 |
| Dec 12, 2025 | Dec 31, 2025 | $0.10 |
| Nov 21, 2025 | Nov 28, 2025 | $0.10 |
| Oct 21, 2025 | Oct 31, 2025 | $0.11 |
| Sep 25, 2025 | Sep 30, 2025 | $0.12 |
SCIO Risk
- 2.5%
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.
- 1.29
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.
- −1.8%
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.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCIO Cost
0.70%
SCIO0.70%
- The middle half of Mortgage-Backed Securities funds
- Median 0.32%
21 of the 24 Mortgage-Backed Securities funds charge less.