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- Upturn Summary
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Upturn AI Summary
First Trust Structured Credit Income Opportunities ETF(SCIO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SCIO
11/06/2026: SCIO (2-star) has a low Upturn Star Rating. Not recommended to BUY.
First Trust Structured Credit Income Opportunities ETF (SCIO) provides investors with exposure to the structured credit market, primarily through CLO tranches. By utilizing active management, the fund aims to capture attractive income while navigating the risks of complex corporate credit structures. Its main strengths include the potential for higher yields and a floating-rate structure that can act as a rate hedge. Key risks involve credit default exposure, liquidity concerns in the structured product market, and a higher expense ratio relative to passive peers. It is most suitable for income-seeking investors looking to diversify their fixed-income sleeve with sophisticated credit exposure.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund is designed for income rather than aggressive capital appreciation. |
| Momentum investor | Weak fit | This is a specialized income product and does not track momentum-based price trends. |
| Value investor | Mixed fit | Value investors may appreciate the yield-to-price ratio of the underlying credit tranches. |
| Dividend/Income investor | Strong fit | The fund is explicitly designed to generate high current income through structured credit yields. |
| Low-risk investor | Mixed fit | While CLOs can be high quality, the structural complexity and market sensitivity pose risks unsuitable for highly conservative investors. |
Investor Profile
Ideal Investor Profile
Income-focused investors who understand credit markets and are seeking potential yield enhancement beyond traditional bonds.
Suitability
Best for long-term income-oriented investors rather than active day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | Structured credit prices can fluctuate based on interest rate shifts and credit market sentiment. |
| Market risk | Medium | The fund is susceptible to broader economic downturns affecting corporate credit performance. |
| Concentration | Medium | The fund focuses heavily on the CLO market, limiting exposure to other asset classes. |
| Tracking/expense | Low | As an active fund, expense ratios are higher than passive alternatives. |
| Liquidity | Medium | Underlying CLO tranches may experience reduced liquidity during market volatility. |
| Business/sector quality | Medium | Investors rely on the credit quality of the corporate loans underlying the CLOs. |
Risk Analysis
Volatility
SCIO exhibits moderate volatility, generally lower than equities but higher than government bonds.
Market Risk
The primary risk is credit risk, specifically the potential for default among the loans underlying the CLO portfolio.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Collateralized Loan Obligations (CLOs) - Senior/Mezzanine Tranches | 90 | This exposure provides the primary income stream through floating-rate corporate credit risk. |
| Cash/collateral | Cash and Cash Equivalents | 10 | Cash holdings are maintained for liquidity and to facilitate opportunistic reinvestment. |
Analysis of Past Performance
Type ETF | Historic Profit 14.95% | Avg. Invested days 82 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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