First Trust Structured Credit Income Opportunities ETF
SCIO
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Jul 17, 2024
- CIK
- 0001517936
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Structured Credit Income Opportunities ETF (SCIO) is an actively managed exchange-traded fund that seeks to maximize long-term total return, with a primary focus on current income. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in structured credit investments, including residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations, asset-backed securities, and to-be-announced transactions; it targets a weighted average portfolio duration of negative 1 to positive 6 years. First Trust Advisors L.P. serves as investment adviser, with portfolio managers James Snyder, Jeremiah Charles, and Owen Aronson overseeing operations from the firm's headquarters in Wheaton, Illinois; the fund, part of First Trust Exchange-Traded Fund IV, trades on NYSE Arca and is domiciled in the United States. Launched on February 27, 2024, SCIO expanded First Trust's taxable fixed income ETF lineup to 18 funds alongside the debut of the First Trust Commercial Mortgage Opportunities ETF (CAAA), marking a strategic push into structured credit markets historically accessible mainly to institutional investors. In December 2025, First Trust Advisors L.P. announced fee waivers effective January 1, 2026, for certain fixed income funds including SCIO to enhance investor appeal amid competitive yield environments. The fund maintains ongoing monthly distributions, with a recent declaration of $0.1000 per share in November 2025, reflecting consistent income generation from its diverse holdings such as Freddie Mac and Fannie Mae IO/PO strips, Pagaya AI Debt Selection trusts, and CLO notes from issuers like Silver Point and Diameter Capital. As of November 2025, SCIO manages approximately $90 million in assets across 197 holdings (excluding cash), serving U.S. investors seeking exposure to opportunistic yields in securitized products without the illiquidity of private funds.