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Trending ETFs

First Trust SSI Strategic Convertible Securities ETF

etf
FCVT
Dividend policy
Active
Price as of:
$51.57 +0.36 +0%
primary theme
Convertible Bond
FCVT (ETF)

First Trust SSI Strategic Convertible Securities ETF

Dividend policy
Active
Price as of:
$51.57 +0.36 +0%
primary theme
Convertible Bond
FCVT (ETF)

First Trust SSI Strategic Convertible Securities ETF

Dividend policy
Active
Price as of:
$51.57 +0.36 +0%
primary theme
Convertible Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$51.57

-

0.93%

$0.48

0.95%

Vitals

YTD Return

5.7%

1 yr return

27.2%

3 Yr Avg Return

21.0%

5 Yr Avg Return

17.5%

Net Assets

$274 M

Holdings in Top 10

15.3%

52 WEEK LOW AND HIGH

$51.21
$38.94
$55.53

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 119.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Convertibles


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$51.57

-

0.93%

$0.48

0.95%

FCVT - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 21.0%
  • 5 Yr Annualized Total Return 17.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.36%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust SSI Strategic Convertible Securities ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Nov 03, 2015
  • Shares Outstanding
    5300002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    George Douglas

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 5.7% -6.2% 10.3% 32.97%
1 Yr 27.2% 5.8% 42.3% 15.38%
3 Yr 21.0%* 7.3% 23.6% 41.46%
5 Yr 17.5%* 6.4% 20.2% 37.04%
10 Yr N/A* 6.9% 14.7% 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% 3.61%
2019 20.2% 4.5% 24.4% 20.00%
2018 -3.9% -15.4% -2.5% 7.79%
2017 10.2% -7.8% 15.4% 42.67%
2016 5.9% 0.4% 14.2% 47.95%

Total Return Ranking - Trailing

Period FCVT Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -6.2% 10.3% 50.55%
1 Yr 27.2% 3.8% 38.4% 15.22%
3 Yr 21.0%* 6.5% 23.6% 34.12%
5 Yr 17.5%* 6.2% 20.2% 34.52%
10 Yr N/A* 6.9% 14.7% 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% 3.61%
2019 20.2% 4.5% 24.4% 20.00%
2018 -3.9% -15.4% 4.5% 45.45%
2017 10.2% 1.8% 18.4% 70.67%
2016 5.9% 0.4% 16.5% 58.90%

FCVT - Holdings

Concentration Analysis

FCVT Category Low Category High FCVT % Rank
Net Assets 274 M 26 M 6.69 B 79.07%
Number of Holdings 164 10 379 20.00%
Net Assets in Top 10 41.9 M -11.6 M 1.16 B 72.63%
Weighting of Top 10 15.27% 9.7% 100.0% 88.42%

Top 10 Holdings

  1. Tesla Inc 2.38% 2.32%
  2. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.29%
  3. Tesla Inc 1.25% 1.99%
  4. Palo Alto Networks Inc 0.75% 1.90%
  5. Southwest Airlines Co. 1.25% 1.80%
  6. Square Inc 0.5% 1.72%
  7. Tesla Inc 2% 1.58%
  8. SEA LTD 2.38% 1.54%
  9. Liberty Broadband Corporation 1.25% 1.53%
  10. Wayfair Inc 1.13% 1.48%

Asset Allocation

Weighting Return Low Return High FCVT % Rank
Convertible Bonds
83.83% 0.41% 121.44% 27.37%
Preferred Stocks
12.53% 0.00% 26.09% 22.11%
Stocks
2.48% 0.00% 42.03% 91.58%
Cash
1.16% -56.65% 11.19% 66.32%
Other
0.00% -17.05% 1.51% 90.53%
Bonds
0.00% -26.84% 72.97% 98.95%

Stock Sector Breakdown

Weighting Return Low Return High FCVT % Rank
Industrials
53.26% 0.00% 100.00% 2.30%
Utilities
30.19% 0.00% 100.00% 70.11%
Healthcare
16.55% 0.00% 18.24% 21.84%
Technology
0.00% 0.00% 28.49% 100.00%
Real Estate
0.00% 0.00% 27.42% 98.85%
Financial Services
0.00% 0.00% 92.56% 100.00%
Energy
0.00% 0.00% 15.22% 100.00%
Communication Services
0.00% 0.00% 47.36% 100.00%
Consumer Defense
0.00% 0.00% 6.96% 98.85%
Consumer Cyclical
0.00% 0.00% 39.07% 100.00%
Basic Materials
0.00% 0.00% 14.17% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High FCVT % Rank
US
2.48% 0.00% 41.52% 91.58%
Non US
0.00% 0.00% 4.40% 100.00%

FCVT - Expenses

Operational Fees

FCVT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.20% 2.97% 62.92%
Management Fee 0.95% 0.20% 1.33% 92.94%
12b-1 Fee 0.00% 0.00% 1.00% 19.23%
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 0.00% 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% 30.00% 242.00% 68.24%

FCVT - Distributions

Dividend Yield Analysis

FCVT Category Low Category High FCVT % Rank
Dividend Yield 0.93% 0.00% 0.76% 11.58%

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% -14.00% 7.18% 98.81%

Capital Gain Distribution Analysis

FCVT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

FCVT - Fund Manager Analysis

Managers

George Douglas


Start Date

Tenure

Tenure Rank

Nov 03, 2015

5.83

5.8%

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

Ravi Malik


Start Date

Tenure

Tenure Rank

Nov 03, 2015

5.83

5.8%

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

Michael Opre


Start Date

Tenure

Tenure Rank

Nov 03, 2015

5.83

5.8%

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

5.83

5.8%

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

1.5

1.5%

*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
0.5 36.22 10.18 6.67