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FCEF vs MULT

First Trust Income Opportunity ETF vs Franklin Multisector Income ETF

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

MULT

Franklin Multisector Income ETF

Franklin Templeton Investments

Annual cost

0.39%

Fund size

$15M

Key differences

  • MULT costs 3.30% less per year.
  • FCEF is significantly larger than MULT — larger funds tend to be more liquid and less likely to close.
  • FCEF is classified as mixed asset, while MULT is fixed income — different risk/return profiles.
  • FCEF follows a active selection strategy; MULT uses index tracking.
  • FCEF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCEFMULT
Annual cost (TER)3.69%0.39%
Fund size (AUM)$75M$15M
Since20162025
Dividend yield6.24%
Asset classmixed assetfixed income
Regionemerging markets
Strategyactive selectionindex tracking
CAGR 1Y+19.6%N/A
CAGR 3Y+16.4%N/A
CAGR 5Y+6.8%N/A
Sharpe 3Y1.22N/A
Volatility 1Y7.86%
Max drawdown-44.81%-1.70%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FCEF and MULT