Investment Objective/Strategy - The First Trust SSI Strategic Convertible Securities ETF is an actively managed exchange-traded fund that seeks to deliver total return by investing, under normal market conditions, at least 80% of its net assets in a diversified portfolio of U.S. and non-U.S. convertible securities.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FCVT |
Fund Type | Convertible Securities |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
Portfolio Manager/Sub-Advisor | SSI Investment Management LLC |
CUSIP | 33739Q507 |
ISIN | US33739Q5071 |
Intraday NAV | FCVTIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 11/3/2015 |
Inception Price | $25.00 |
Inception NAV | $25.00 |
Total Expense Ratio* | 0.95% |
* As of 3/3/2025
Closing NAV1 | $42.11 |
Closing Market Price2 | $42.00 |
Bid/Ask Midpoint | $41.99 |
Bid/Ask Discount | 0.28% |
30-Day Median Bid/Ask Spread3 | 0.51% |
Total Net Assets | $92,646,174 |
Outstanding Shares | 2,200,002 |
Daily Volume | 3,527 |
Average 30-Day Daily Volume | 49,270 |
Closing Market Price 52-Week High/Low | $42.04 / $32.51 |
Closing NAV 52-Week High/Low | $42.14 / $32.48 |
Number of Holdings (excluding cash) | 140 |
Holding |
Percent |
STRATEGY INC Convertible, 0%, due 03/01/2030 |
3.87% |
The Boeing Company, Convertible, 6.00%, Due 10/15/2027 |
2.95% |
ALIBABA GROUP HOLDING Convertible, 0.50%, due 06/01/2031 |
2.71% |
SEAGATE HDD CAYMAN Convertible, 3.50%, due 06/01/2028 |
1.93% |
NEXTERA ENERGY CAPITAL Convertible, 3%, due 03/01/2027 |
1.73% |
SNOWFLAKE INC Convertible, 0%, due 10/01/2027 |
1.62% |
LIVE NATION ENTERTAINMENT Convertible, 2.875%, due 01/15/2030 |
1.61% |
WESTERN DIGITAL CORP Convertible, 3%, due 11/15/2028 |
1.57% |
MORGAN STANLEY FIN LLC Convertible, 0.125%, due 02/07/2028 |
1.56% |
BLOOM ENERGY CORP Convertible, 3%, due 06/01/2028 |
1.51% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Weighted Average Effective Duration4 | 1.17 Years |
|
Percent |
Convertible Bond |
84.50% |
Mandatory Preferred |
10.79% |
Convertible Preferred |
2.75% |
Cash & Equivalent |
1.96% |
|
2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Days Traded at Premium |
28 |
14 |
25 |
6 |
Days Traded at Discount |
224 |
46 |
37 |
48 |
Technology
|
36.57%
|
Financials
|
14.42%
|
Consumer Discretionary
|
13.04%
|
Industrials
|
10.47%
|
Health Care
|
10.30%
|
Utilities
|
4.77%
|
Materials
|
2.64%
|
Cash & Accrued Income
|
1.96%
|
Transportation
|
1.75%
|
Media
|
1.11%
|
Energy
|
1.09%
|
Consumer Staples
|
1.04%
|
Telecommunications
|
0.84%
|
|
|
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FCVT |
12.42% |
-1.47 |
1.09 |
0.38 |
0.97 |
ICE BofA US Convertible Index |
11.11% |
--- |
1.00 |
0.51 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
Bloomberg US Aggregate Bond Index - The Index covers the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS, ABS, and CMBS. ICE BofA US Convertible Index - The Index measures the return of all U.S. convertibles.
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