About First Trust CEF Income Opportunity ETF (FCEF)

The First Trust CEF Income Opportunity ETF (FCEF) is an exchange-traded fund that seeks to provide investors with a high level of current income. The fund primarily invests in closed-end funds (CEFs), which are investment vehicles that trade on an exchange and are structured as closed-end funds. These funds often utilize leverage and can offer attractive yields due to their ability to invest in a variety of income-producing securities.

Investors can access a diversified portfolio of CEFs through the FCEF ETF, which aims to generate income from a range of sectors, including fixed income, equities, and alternative investments. The fund's strategy is to identify CEFs that offer attractive yields, discounted valuations, and the potential for capital appreciation. By investing in a broad range of CEFs, the FCEF ETF seeks to provide investors with exposure to a diversified and income-focused portfolio.