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Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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First Trust SSI Strategic Convertible Securities ETF
etf
FCVT
Dividend policy
Active
Price as of:
$51.79
-1.26
0%
primary theme
Convertible Bond
FCVT (ETF)
First Trust SSI Strategic Convertible Securities ETF
Dividend policy
Active
Price as of:
$51.79
-1.26
0%
primary theme
Convertible Bond
FCVT (ETF)
First Trust SSI Strategic Convertible Securities ETF
Dividend policy
Active
Price as of:
$51.79
-1.26
0%
primary theme
Convertible Bond
FCVT - Snapshot
Vitals
- YTD Return 2.4%
- 3 Yr Annualized Return 24.5%
- 5 Yr Annualized Return 20.0%
- Net Assets $327 M
- Holdings in Top 10 17.8%
52 WEEK LOW AND HIGH
$53.05
$24.93
$55.53
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.95%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 119.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
- Primary Theme Convertible Bond
- Fund Type Exchange Traded Fund
- Investment Style Convertibles
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$29.30
-2.46%
$5.11 B
0.91%
$0.27
blocked
blocked
blocked
3.53%
0.85%
$44.87
-3.01%
$3.02 B
0.71%
$0.33
blocked
blocked
blocked
3.94%
0.71%
$30.70
-2.39%
$2.69 B
1.40%
$0.44
blocked
blocked
blocked
2.20%
1.17%
$41.97
-2.24%
$2.27 B
2.70%
$1.16
blocked
blocked
blocked
4.98%
0.63%
$23.20
-1.99%
$1.96 B
0.16%
$0.04
blocked
blocked
blocked
1.80%
1.91%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$85.83
-2.21%
$7.18 B
2.30%
$2.02
blocked
blocked
blocked
0.77%
0.40%
$51.79
-2.38%
$326.50 M
0.90%
$0.48
blocked
blocked
blocked
2.39%
0.95%
FCVT - Profile
Distributions
- YTD Total Return 5.8%
- 3 Yr Annualized Total Return 24.5%
- 5 Yr Annualized Total Return 20.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.36%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust SSI Strategic Convertible Securities ETF
-
Fund Family NameFirst Trust
-
Inception DateNov 03, 2015
-
Shares Outstanding6200002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRavi Malik
Fund Description
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S. and non-U.S. convertible securities. In general, convertible securities combine the investment characteristics of bonds and common stocks and typically consist of debt securities or preferred securities that may be converted or exchanged within a specified period of time into a certain amount of common stock or other equity security of the same or a different issuer.
FCVT - Performance
Return Ranking - Trailing
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.4% | -2.6% | 5.0% | 46.43% |
| 1 Yr | 65.8% | 8.6% | 71.3% | 15.29% |
| 3 Yr | 24.5%* | 5.5% | 28.0% | 28.05% |
| 5 Yr | 20.0%* | 9.0% | 24.5% | 38.27% |
| 10 Yr | N/A* | 5.9% | 13.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 48.0% | -4.1% | 54.0% | 3.75% |
| 2019 | 20.2% | 4.5% | 24.4% | 21.25% |
| 2018 | -3.9% | -15.4% | -2.5% | 7.79% |
| 2017 | 10.2% | -7.8% | 15.4% | 42.11% |
| 2016 | 5.9% | 0.4% | 14.2% | 47.30% |
Total Return Ranking - Trailing
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.8% | -2.6% | 5.8% | 1.19% |
| 1 Yr | 65.8% | 8.6% | 71.3% | 14.12% |
| 3 Yr | 24.5%* | 5.5% | 28.0% | 28.05% |
| 5 Yr | 20.0%* | 8.2% | 24.5% | 38.27% |
| 10 Yr | N/A* | 5.8% | 13.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 48.0% | -4.1% | 54.0% | 3.75% |
| 2019 | 20.2% | 4.5% | 24.4% | 21.25% |
| 2018 | -3.9% | -15.4% | 4.5% | 46.75% |
| 2017 | 10.2% | 1.8% | 18.4% | 71.05% |
| 2016 | 5.9% | 0.4% | 16.5% | 58.11% |
FCVT - Holdings
Concentration Analysis
| FCVT | Category Low | Category High | FCVT % Rank | |
|---|---|---|---|---|
| Net Assets | 327 M | 2.87 M | 7.18 B | 72.09% |
| Number of Holdings | 165 | 44 | 375 | 13.95% |
| Net Assets in Top 10 | 58.9 M | -12 M | 1.11 B | 75.58% |
| Weighting of Top 10 | 17.80% | 9.8% | 79.1% | 70.93% |
Top 10 Holdings
- Tesla Inc 2% 2.53%
- Tesla Inc 2.38% 2.32%
- Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.15%
- Snap Inc 0.75% 2.09%
- Tesla Inc 1.25% 1.99%
- Zillow Group Inc 2.75% 1.83%
- Chegg Inc 1.70%
- Square Inc 0.5% 1.64%
- Teladoc Health Inc 1.25% 1.56%
- SEA LTD 2.38% 1.54%
Asset Allocation
| Weighting | Return Low | Return High | FCVT % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 86.93% | 3.48% | 115.14% | 27.91% |
| Preferred Stocks | 8.53% | 0.00% | 21.62% | 55.81% |
| Cash | 2.75% | -0.13% | 4.42% | 27.91% |
| Stocks | 1.79% | 0.00% | 30.60% | 89.53% |
| Other | 0.00% | -18.86% | 7.56% | 76.74% |
| Bonds | 0.00% | -24.80% | 51.48% | 76.74% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FCVT % Rank | |
|---|---|---|---|---|
| Industrials | 61.05% | 0.00% | 61.05% | 1.28% |
| Utilities | 38.95% | 0.00% | 100.00% | 78.21% |
| Technology | 0.00% | 0.00% | 23.50% | 84.62% |
| Real Estate | 0.00% | 0.00% | 22.98% | 66.67% |
| Healthcare | 0.00% | 0.00% | 71.24% | 93.59% |
| Financial Services | 0.00% | 0.00% | 96.48% | 74.36% |
| Energy | 0.00% | 0.00% | 72.75% | 75.64% |
| Communication Services | 0.00% | 0.00% | 15.03% | 73.08% |
| Consumer Defense | 0.00% | 0.00% | 7.14% | 67.95% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 67.95% |
| Basic Materials | 0.00% | 0.00% | 19.52% | 74.36% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FCVT % Rank | |
|---|---|---|---|---|
| US | 1.79% | 0.00% | 30.38% | 89.53% |
| Non US | 0.00% | 0.00% | 2.70% | 74.42% |
FCVT - Expenses
Operational Fees
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.07% | 8.22% | 63.10% |
| Management Fee | 0.95% | 0.20% | 1.42% | 92.94% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.43% |
| Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 119.00% | 5.00% | 242.00% | 70.59% |
FCVT - Distributions
Dividend Yield Analysis
| FCVT | Category Low | Category High | FCVT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.54% | 0.00% | 0.81% | 5.81% |
Dividend Distribution Analysis
| FCVT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| FCVT | Category Low | Category High | FCVT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.36% | -1.36% | 9.48% | 100.00% |
Capital Gain Distribution Analysis
| FCVT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 30, 2020 | $0.040 |
| Aug 31, 2020 | $0.040 |
| Jul 31, 2020 | $0.040 |
| Jun 30, 2020 | $0.040 |
| May 29, 2020 | $0.040 |
| Apr 30, 2020 | $0.040 |
| Mar 31, 2020 | $0.040 |
| Feb 28, 2020 | $0.040 |
| Jan 31, 2020 | $0.040 |
| Dec 31, 2019 | $0.090 |
| Nov 29, 2019 | $0.040 |
| Oct 31, 2019 | $0.040 |
| Sep 30, 2019 | $0.040 |
| Aug 30, 2019 | $0.040 |
| Jul 31, 2019 | $0.040 |
| Jun 28, 2019 | $0.040 |
| May 31, 2019 | $0.040 |
| Apr 30, 2019 | $0.040 |
| Mar 29, 2019 | $0.040 |
| Feb 28, 2019 | $0.040 |
| Jan 31, 2019 | $0.040 |
| Dec 31, 2018 | $0.052 |
| Nov 30, 2018 | $0.040 |
| Oct 31, 2018 | $0.040 |
| Sep 28, 2018 | $0.040 |
| Aug 31, 2018 | $0.040 |
| Jul 31, 2018 | $0.040 |
| Jun 29, 2018 | $0.040 |
| May 31, 2018 | $0.045 |
| Apr 30, 2018 | $0.040 |
| Mar 29, 2018 | $0.045 |
| Feb 28, 2018 | $0.045 |
| Jan 31, 2018 | $0.040 |
| Dec 29, 2017 | $0.209 |
| Nov 30, 2017 | $0.040 |
| Oct 31, 2017 | $0.040 |
| Sep 29, 2017 | $0.040 |
| Aug 31, 2017 | $0.035 |
| Jul 31, 2017 | $0.030 |
| Jun 30, 2017 | $0.030 |
| May 31, 2017 | $0.030 |
| Apr 28, 2017 | $0.030 |
| Mar 31, 2017 | $0.030 |
| Feb 28, 2017 | $0.030 |
| Jan 31, 2017 | $0.030 |
| Dec 30, 2016 | $0.160 |
| Nov 30, 2016 | $0.030 |
| Oct 31, 2016 | $0.030 |
| Sep 30, 2016 | $0.030 |
| Aug 31, 2016 | $0.030 |
| Jul 29, 2016 | $0.030 |
| Jun 30, 2016 | $0.030 |
| May 31, 2016 | $0.030 |
| Apr 29, 2016 | $0.030 |
| Mar 31, 2016 | $0.030 |
| Feb 29, 2016 | $0.030 |
| Jan 29, 2016 | $0.030 |
| Dec 31, 2015 | $0.145 |
FCVT - Fund Manager Analysis
Managers
Ravi Malik
Start Date
Tenure
Tenure Rank
Nov 03, 2015
5.33
5.3%
Oversees the daily management of the Convertible Investment portfolios; provides equity and credit research in the Technology and Emerging Markets Sectors Board of Director and Member of the Executive Committee Portfolio Manager of SSI’s Convertible Team and the Froley, Revy Convertible Team (acquired by SSI in 2009) Collaborates with CIO in analyzing Global and Macro environments and formulates strategy according to client mandates Prior to joining SSI, Ravi spent 10 years in the Indian Administrative Service (IAS), India’s highest level “Think Tank”; he also served as Finance Commissioner to the Andaman Islands MBA, Finance, Anderson Graduate School of Management, University of California, Los Angeles; BA, Mathematics and Economics, Punjab University
George Douglas
Start Date
Tenure
Tenure Rank
Nov 03, 2015
5.33
5.3%
Portfolio Manager of the Hedged Convertible strategies SSI’s Chief Investment Officer Board of Director and Chairperson of the Executive Committee Prior to joining SSI, George was Director of Quantitative Equity Investments at CS First Boston Asset Management Named to Institutional Investor's "All American Research Team" four times MBA, Finance; MS, Statistics; BS, Mathematics, University of Wisconsin
Michael Opre
Start Date
Tenure
Tenure Rank
Nov 03, 2015
5.33
5.3%
Oversees the daily management of the Convertible Investment portfolios and provides equity and credit research in the Finance, Energy and Materials Sectors Portfolio Manager of the SSI Convertible Investment Strategy and the Froley, Revy Convertible Strategy (acquired by SSI in 2009) Mike’s prior experience includes serving as Senior Investment Manager at Wells Fargo and a Research Analyst with Pacific Strategic Fund Group, Inc. specializing in fundamental analysis and risk arbitrage MBA, Finance, Anderson Graduate School of Management, University of California, Los Angeles; BA, University of California, Los Angeles
Florian Eitner
Start Date
Tenure
Tenure Rank
Nov 03, 2015
5.33
5.3%
Oversees the daily management of the Convertible Investment portfolios and provides equity and credit research in the Healthcare, Industrials, Telecommunications and Transportation Sectors Portfolio Manager of SSI’s Convertible Investment Team Prior to joining SSI, Florian was an Associate in the Leveraged Finance Group at Lehman Brothers Europe. Previously, he was a member of the CTC, LLC options trading group at the Chicago Mercantile Exchange MBA, Finance and Student Investment Fund Fellow, Anderson Graduate School of Management, University of California, Los Angeles; BA, Economics, Northwestern University, Chicago
Stephen Wachtel
Start Date
Tenure
Tenure Rank
Mar 02, 2020
0.99
1.0%
*Portfolio Manager of SSI’s Core Equity Strategies *Member of SSI’s Tactical Asset Allocation Portfolio Team which monitors the Tactical Alpha Signals and manages the Flexible Allocation Strategy *Provides equity research in Financials, Industrials and Consumer Sectors *Joined SSI in 2010 as an Equity Portfolio Manager. In addition Steve worked for Froley Revy as an Outright Convertible Portfolio Manager for 7 years *MBA, Finance and Student Investment Fund Fellow, Anderson Graduate School of Management, University of California, Los Angeles; BS, Finance, Lehigh University
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 35.72 | 9.74 | 6.17 |
