First Trust Income Opportunity ETF (FCEF) Holdings
FCEF holdings summary
as of Oct 25, 2026- Holdings
- 58 positions listed
- Top 10 weight
- 30.9% of net assets
- Effective holdings
- 44 equal-weight equivalent
- Largest holding
- VRIG 3.93% Invesco Variable Rate Investment Grade…
- Annual turnover
- 16.6% of the portfolio traded
All FCEF holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | VRIG | Invesco Variable Rate Investment Grade ETF | Other | 3.93% | $3.1M | — | — |
| 2 | ETG | Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | Financial Services | 3.26% | $2.6M | — | — |
| 3 | ETO | Eaton Vance Tax Advantaged Global Dividend Opportunities Closed Fund | Financial Services | 3.26% | $2.6M | — | — |
| 4 | HTD | John Hancock Tax Advantaged Dividend Income Closed Fund | Financial Services | 3.23% | $2.6M | — | — |
| 5 | EVT | Eaton Vance Tax Advantaged Dividend Income Closed Fund | Financial Services | 3.17% | $2.5M | — | — |
| 6 | GDV | Gabelli Dividend & Income Closed Fund | Financial Services | 3.13% | $2.5M | — | — |
| 7 | UTF | Cohen and Steers Infrastructure Closed Fund | Financial Services | 3.01% | $2.4M | — | — |
| 8 | BST | BlackRock Science & Tech Tr | Financial Services | 2.89% | $2.3M | — | — |
| 9 | SOR | Source Capital Closed Fund | Financial Services | 2.60% | $2.1M | — | — |
| 10 | CET | Central Securities Corp. | Financial Services | 2.45% | $1.9M | $1.65B | 7.4 |
| 11 | WIW | Western Asset Claymore Inflation Linked Opportunities and Income Closed Fund | Financial Services | 2.42% | $1.9M | — | — |
| 12 | PDT | John Hancock Premium Dividend Fund | Financial Services | 2.40% | $1.9M | — | — |
| 13 | THQ | Tekla Healthcare Opportunities | Financial Services | 2.33% | $1.8M | — | — |
| 14 | WDI | Western Asset Diversified Income Fund | Financial Services | 2.12% | $1.7M | — | — |
| 15 | BTZ | BlackRock Credit Allocation Income Trust | Financial Services | 2.11% | $1.7M | — | — |
| 16 | DPG | Duff and Phelps Global Utility Income Closed Fund | Financial Services | 1.98% | $1.6M | — | — |
| 17 | RA | Brookfield Real Assets Income | Financial Services | 1.97% | $1.6M | $644.8M | 12.0 |
| 18 | RVT | Royce Value Closed Fund | Financial Services | 1.90% | $1.5M | — | — |
| 19 | UTG | Reaves Utility IF | Financial Services | 1.90% | $1.5M | — | — |
| 20 | GAM | General American Investors Closed Fund | Financial Services | 1.89% | $1.5M | — | — |
| 21 | PEO | Adams Natural Resources Closed Fund | Financial Services | 1.72% | $1.4M | — | — |
| 22 | FINS | Angel Oak Financial Strategies Income Term Trust | Financial Services | 1.72% | $1.4M | $398.7M | 11.7 |
| 23 | BKT | BlackRock Income Closed Fund | Financial Services | 1.69% | $1.3M | — | — |
| 24 | HQL | Tekla Life Sciences Investors | Financial Services | 1.67% | $1.3M | $547.3M | 2.5 |
| 25 | BHK | BlackRock Core Bond Closed Fund | Financial Services | 1.62% | $1.3M | — | — |
| 26 | KYN | Kayne Anderson MLP Investment Closed Fund | Financial Services | 1.56% | $1.2M | — | — |
| 27 | CII | BlackRock Enhanced Capital and Income Closed Fund | Financial Services | 1.53% | $1.2M | — | — |
| 28 | QQQX | Nuveen NASDAQ 100 Dynamic Overwrite Closed End Fund | Financial Services | 1.52% | $1.2M | — | — |
| 29 | NMAI | Nuveen Multi-Asset Income Fund | Financial Services | 1.47% | $1.2M | — | — |
| 30 | BME | BlackRock Health Sciences Trust | Financial Services | 1.44% | $1.1M | $578.0M | 5.5 |
| 31 | PDX | PIMCO Energy & Tactical Credit Opps | Financial Services | 1.43% | $1.1M | — | — |
| 32 | NPFD | Nuveen Variable Rate Preferred & Income Fund | Financial Services | 1.40% | $1.1M | — | — |
| 33 | HQH | Tekla Healthcare Investors | Financial Services | 1.37% | $1.1M | $1.09B | 4.2 |
| 34 | NIE | AllianzGI Equity & Convertible Income Closed Fund | Financial Services | 1.27% | $1.0M | — | — |
| 35 | PTA | Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | Financial Services | 1.12% | $890,066.71 | — | — |
| 36 | RQI | Cohen & Steers Quality Income Realty Fund Inc | Financial Services | 1.06% | $840,812.75 | — | — |
| 37 | BUI | BlackRock Utilities, Infrastructure & Power Opportunities Trust | Financial Services | 1.04% | $826,036.56 | $671.4M | 4.4 |
| 38 | BIT | Blackrock Multi Sector Income Closed Fund | Financial Services | 0.98% | $781,310.79 | — | — |
| 39 | BCV | Bancroft Fund Limited | Financial Services | 0.96% | $759,225.95 | — | — |
| 40 | TEI | Templeton Emerging Markets Income Closed Fund | Financial Services | 0.95% | $757,875.44 | — | — |
| 41 | EMF | Templeton Emerging Markets Closed Fund | Financial Services | 0.93% | $735,870.04 | — | — |
| 42 | JRI | Nuveen Real Asset Income And Growth Closed Fund | Financial Services | 0.92% | $732,136.27 | — | — |
| 43 | NBB | Nuveen Build America Bond Closed Fund | Financial Services | 0.92% | $731,341.86 | — | — |
| 44 | AIO | Virtus AllianzGI Artificial Intell & Tech Opps | Financial Services | 0.92% | $727,608.09 | — | — |
| 45 | RNP | Cohen & Steers REIT & Preferred Income Fund Inc | Financial Services | 0.89% | $710,686.97 | — | — |
| 46 | BCX | BlackRock Resources & Commodities Strategy Trust | Financial Services | 0.79% | $627,114.12 | — | — |
| 47 | MEGI | MainStay CBRE Global Infrastructure Megatrends Fund | Financial Services | 0.79% | $626,478.59 | — | — |
| 48 | JPC | Nuveen Preferred Income Opportunities Closed Fund | Financial Services | 0.78% | $621,553.19 | — | — |
| 49 | GHY | PGIM Global High Yield Fund Inc | Financial Services | 0.75% | $596,131.79 | — | — |
| 50 | RMT | Royce Micro Cap Closed Fund | Financial Services | 0.69% | $549,737.74 | — | — |
| 51 | JFR | Nuveen Floating Rate Income Closed Fund | Financial Services | 0.68% | $541,873.00 | — | — |
| 52 | JLS | Nuveen Mortgage Opportunity Term Closed Fund | Financial Services | 0.50% | $395,541.07 | — | — |
| 53 | BIGZ | Blackrock Innovation & Growth Trust | Financial Services | 0.50% | $395,302.75 | — | — |
| 54 | EVG | Eaton Vance Short Duration Diversified Income Closed Fund | Financial Services | 0.49% | $385,849.16 | — | — |
| 55 | BKGI | BNY Mellon ETF Trust - BNY Mellon Global Infrastructure Income ETF | Other | 0.45% | $360,824.97 | — | — |
| 56 | JQC | Nuveen Credit Strategies Income Closed Fund | Financial Services | 0.41% | $328,333.25 | — | — |
| 57 | HIO | Western Asset High Income Opportunity Closed Fund | Financial Services | 0.36% | $285,514.08 | — | — |
| 58 | PAXS | PIMCO Access Income Fund | Financial Services | 0.14% | $111,218.62 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($79.4M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FCEF sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 87.0% | 56 | ETG, ETO, HTD |
| Other | 4.4% | 2 | VRIG, BKGI |
Sum of the weights of the holdings in each sector.
FCEF top industries
FCEF overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 0.1% | 6 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 0 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.0% | 0 of 1,962 | 0.19% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FCEF portfolio
First Trust Income Opportunity ETF holds 58 positions. The ten largest make up 30.9% of the fund and the top 50 87.8%, so it behaves like a portfolio of about 44 equally weighted positions. The biggest positions are Invesco Variable Rate Investment Grade ETF (3.93%), Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (3.26%), Eaton Vance Tax Advantaged Global Dividend Opportunities Closed Fund (3.26%), John Hancock Tax Advantaged Dividend Income Closed Fund (3.23%), Eaton Vance Tax Advantaged Dividend Income Closed Fund (3.17%).
By sector, Financial Services is 87.0%, Other is 4.4%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: FCEF chart, FCEF performance, FCEF dividends, FCEF overview.
FCEF holdings FAQ
How many holdings does FCEF have?
FCEF holds 58 positions as of October 25, 2026.
What are the top 10 holdings of FCEF?
The ten largest holdings are Invesco Variable Rate Investment Grade ETF (3.93%), Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (3.26%), Eaton Vance Tax Advantaged Global Dividend Opportunities Closed Fund (3.26%), John Hancock Tax Advantaged Dividend Income Closed Fund (3.23%), Eaton Vance Tax Advantaged Dividend Income Closed Fund (3.17%), Gabelli Dividend & Income Closed Fund (3.13%), Cohen and Steers Infrastructure Closed Fund (3.01%), BlackRock Science & Tech Tr (2.89%), Source Capital Closed Fund (2.60%), Central Securities Corp. (2.45%). Together they are 30.9% of the fund.
What percentage of FCEF is Invesco Variable Rate Investment Grade ETF?
Invesco Variable Rate Investment Grade ETF is the largest holding at 3.93% of net assets, about $3.1M of the fund's $79.4M.
How concentrated is FCEF?
The top 10 holdings are 30.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FCEF behaves like a portfolio of about 44 equally weighted positions.