Total Investments - 113.6% 71,584,446 (Cost $73,178,433)
Outstanding Loan - (13.6)% Net Other Assets and Liabilities - 0.0%
Net Assets - 100.0%
(8,600,000)
48,752 $ 63,033,198
(a) All or a portion of this security serves as collateral on the outstanding loan.
(b) Non-income producing security.
Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:
• Level 1 - Level 1 inputs are quoted prices in active markets for identical investments.
• Level 2 - Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)
• Level 3 - Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.
Portfolio of Investments (Continued)
A summary of the inputs used to value the Fund's investments as of February 28, 2022 is as follows:
Common Stocks - Business Development Companies* Common Stocks* Real Estate Investment Trusts*
Total Investments
Total Value at 2/28/2022
Level 1 Quoted Prices
Level 2 SignificantObservable UnobservableInputs
$ 66,477,474 2,861,222
2,245,750 $ 71,584,446
$ 66,477,474 2,861,222
2,245,750 $ 71,584,446
$- - - $-
* See Portfolio of Investments for industry breakout.
Level 3 SignificantInputs
$- - - $-
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Disclaimer
First Trust Specialty Finance and Financial Opportunities Fund published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 19:27:07 UTC.
First Trust Specialty Finance and Financial Opportunities Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. The Fund seeks total return as a secondary objective. The Fund pursues its investment objectives by investing approximately 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies. The Fund concentrates its investments in securities of companies within industries in the financial sector, including specialty finance companies, banks, savings institutions, brokerage firms, investment management companies, insurance companies, holding companies of the foregoing and companies that provide related services to such companies. The Fund's investment advisor is First Trust Advisors L.P.
FIRST TRUST SPECIALTY FINANCE AND FINANCIAL OPPORTUNITIES FUND 
