First Trust Structured Credit Income Opportunities ETF
$20.00−0.01 (−0.07%)
- 0.70%
- $545M
- +1.6%
- 5.77%
- 0.3M sh
- $19.99
- low $19.89high $21.69
The ETF.net SCIO Grade
D
Score 37 out of 100
- 18 of 25
Score 37 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.F10 out of 100Rank 22 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.D30 out of 100Rank 15 of 20Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A80 out of 100Rank 4 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 17 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 11 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 10 of 25
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
- 390
- 30%
- US 5YR 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.
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SCIO$10,164
Returns run to the Oct 12, 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 | +0.3% |
| 1 month | −1.1% |
| 3 months | −1.3% |
| 1 year | +1.6% |
| 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 | +0.3% | |
| 2025 | +10.1% | |
| 2024 | +7.4% |
SCIO in the news
SCIO Dividends
- 5.77%
- $1.15
- $0.10 per share
- Monthly
Distribution history
SCIO Risk
- 3.1%
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.
- 0.68
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.
- −2.7%
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 0.36%
21 of the 24 Mortgage-Backed Securities funds charge less.
Other funds in Mortgage-Backed Securities
- DVETZAcademy Veteran Impact ETFExpense ratio 0.35%1 year return −1.3%
- DMTGPWisdomTree Mortgage Plus Bond FundExpense ratio 0.45%1 year return −1.7%
- DPMBSPIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded FundExpense ratio 0.71%1 year return −2.5%
- DGISCGuggenheim Funds Trust - Guggenheim Securitized Income ETFExpense ratio 0.47%1 year return —
- DTSECTouchstone Securitized Income ETFExpense ratio 0.69%1 year return +2.9%