# Portfolio overlap — SCIO vs FPACX Comparing **First Trust Structured Credit Income Opportunities ETF** (2026-04-30) and **FPA Crescent Fund** (2026-03-31). - Shared positions: 8 - First Trust Structured Credit Income Opportunities ETF covered by FPA Crescent Fund: 0.02898615286286981583374229388 - FPA Crescent Fund covered by First Trust Structured Credit Income Opportunities ETF: 0.02898615286286981583374229388 ## First Trust Structured Credit Income Opportunities ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | MSILF Treasury Portfolio, Class Institutional | 0.020202 | ✓ | | FHR 5642 FN | 0.012770 | | | FNCL 5.5 7/25 | 0.010994 | | | RCO IX Mortgage LLC 2025-4 | 0.010912 | | | Verus Securitization Trust, Series 2024-2, Class B2 | 0.010699 | | | CMXS 2026-A D | 0.009947 | | | Verus Securitization Trust 2022-3 | 0.009902 | | | WLAKE 2026-1A D | 0.009745 | | | CMO | 0.009608 | | | Citigroup Mortgage Loan Trust 2020-EXP1 | 0.009601 | | | GNMA, Series 2025-78 | 0.009476 | | | UNITK 2026-1A A2 | 0.009449 | | | New Residential Mortgage Loan Trust 2023-NQM1 | 0.009406 | | | Redwood Funding Trust Series 2025-3, Class B | 0.009353 | | | LHOME Mortgage Trust 2024-RTL5 | 0.009283 | | | GGP 2026-2PAK A | 0.009219 | | | CMO | 0.009202 | | | Government National Mortgage Association | 0.008899 | | | BBCMS Mortgage Trust, Series 2018-TALL, Class A | 0.008419 | | | Santander Drive Auto Receivables Trust 2026-1 | 0.008388 | | | RMLT 2021-1R B2 | 0.008160 | | | MetroNet Infrastructure Issuer LLC | 0.007985 | | | ZAYO 2026-1A C | 0.007979 | | | SWCH COMMERCIAL MORTGAGE TRUST SWCH 2025 DATA A 144A | 0.007864 | | | EFMT 2025-INV1 EFMT 2025-INV1 B2 | 0.007845 | | | Uniform Mortgage-Backed Security, TBA | 0.007830 | | | FNCL 3.5 5/26 | 0.007825 | | | Golub Capital Partners CLO 60B Ltd | 0.007370 | | | VCAT ASSET SECURITIZATION LLC STEP 02/25/2056 144A | 0.007289 | | | CIM Trust, Series 2025-NR1, Class A1 | 0.007222 | | | GLS Auto Select Receivables Issuer Trust 2025-4 | 0.007197 | | | Redwood Funding Trust Series 2026-1, Class A | 0.007142 | | | Freddie Mac STACR REMIC Trust 2022-HQA1 | 0.007139 | | | Zayo Issuer LLC | 0.007000 | | | VERTICAL BRIDGE CC LLC, Series 2025-1A, Class D | 0.006765 | | | Verus Securitization Trust 2022-1 | 0.006623 | | | CMO | 0.006609 | | | RFT 2026-2 A | 0.006602 | | | PRET 2026-NPL4 A1 | 0.006587 | | | TRNTS 2022-19A D2R | 0.006524 | | | Exeter Select Automobile Receivables Trust, Series 2025-3, Class D | 0.006287 | | | CMXS 2025-B E | 0.006219 | | | CSMC 2021-NQM8 | 0.005968 | | | Fidelis Mortgage Trust Series 2025-RTL2, Class A2 | 0.005959 | | | FREDDIE MAC STACR REMIC TRUST STACR 2021 HQA1 B2 144A | 0.005742 | | | PRPM 2023-NQM3 Trust | 0.005715 | | | KRE 2026-ICNA A | 0.005596 | | | PRPM 2026-RCF2 LLC | 0.005355 | | | PRPM 2024-RCF1 LLC | 0.005342 | | | ISLN 2025-1A A | 0.005319 | | ## FPA Crescent Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Zywave_Pfd Equity | 0.209241 | | | ANALOG DEVICES INC | 0.032873 | | | ALPHABET INC CL A | 0.029948 | | | META PLATFORMS INC CL A | 0.022149 | | | INTL FLVR & FRAG | 0.020155 | | | TE CONNECTIVITY | 0.019779 | | | CITIGROUP INC | 0.019457 | | | ALPHABET INC CL C | 0.018804 | | | BECTON DICKINSON and CO | 0.016295 | | | AMAZON.COM INC | 0.015760 | | | U.S. Treasury Bills | 0.015712 | | | LIBERTY BROADBAND CORP C | 0.014430 | | | AON PLC-CLASS A | 0.014151 | | | FPS LLC / | 0.013739 | | | U.S. Treasury Bills | 0.013585 | | | Nestle Capital DCP DCP, 06/11/26 / | 0.011773 | | | JOHNSON & JOHNSON Co. DCP, 06/10/2026 / | 0.010989 | | | PEPSICO, Inc. DCP, 05/12/2026 / | 0.010933 | | | U.S. Treasury Bills | 0.010895 | ✓ | | U.S. Treasury Bills | 0.010874 | | | FERGUSON PLC | 0.010688 | | | SATS 3.875 11/30/30 | 0.010419 | | | COMCAST CORP CL A | 0.010076 | | | NESTLE CAPITAL DCP, 05/08/2026 / | 0.010063 | | | JOHNSON & JOHNSON Co. DCP, 07/08/2026 / | 0.009999 | | | U.S. Treasury Bills | 0.009889 | ✓ | | Pepsico, Inc. DCP DCP, 07/06/26 / | 0.009830 | | | U.S. Treasury Bills | 0.009693 | ✓ | | Pepsico, Inc. DCP DCP, 07/01/26 / | 0.009659 | | | U.S. Treasury Bills | 0.009599 | ✓ | | Amrize Ltd. USD0.01 | 0.009480 | | | United States Treasury Bill | 0.009071 | ✓ | | JOHNSON & JOHNSON Co. DCP, 07/13/2026 / | 0.009040 | | | U.S. Treasury Bills | 0.008776 | | | Nestle Capital DCP DCP, 04/13/26 / | 0.008772 | | | U.S. Treasury Bills | 0.008714 | ✓ | | U.S. Treasury Bills | 0.008702 | | | Pepsico, Inc. DCP DCP, 07/09/26 / | 0.008694 | | | NXP SEMICONDUCTO | 0.008342 | | | JEFFERIES FINANCIAL GROUP INC | 0.008254 | | | VAIL RESORTS INC | 0.008105 | | | FORTUNE BRANDS INNOVATIONS INC | 0.008054 | | | U.S. Treasury Bills | 0.007878 | ✓ | | PEPSICO, Inc. DCP, 05/04/2026 / | 0.007703 | | | NESTLE CAPITAL DCP, 04/23/26 / | 0.007667 | | | U.S. Treasury Bills | 0.007640 | | | LPL FINL HLDGS INC | 0.007499 | | | U.S. Treasury Bills | 0.007430 | | | Pepsico, Inc. DCP DCP, 06/15/26 / | 0.007149 | | | U.S. Treasury Bills | 0.006754 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-025148` (as of 2026-04-30) - N-PORT (fund B) — accession `0001193125-26-241353` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. 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