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 | Brown Brothers Harriman |
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 |
Expense Ratio | 0.95% |
Closing NAV1 | $33.54 |
Closing Market Price2 | $33.31 |
Bid/Ask Midpoint | $33.36 |
Bid/Ask Discount | 0.55% |
30-Day Median Bid/Ask Spread3 | 0.55% |
Total Net Assets | $184,454,452 |
Outstanding Shares | 5,500,002 |
Daily Volume | 39,238 |
Average 30-Day Daily Volume | 81,849 |
Closing Market Price 52-Week High/Low | $53.89 / $32.56 |
Closing NAV 52-Week High/Low | $53.73 / $32.74 |
Number of Holdings (excluding cash) | 120 |
Holding |
Percent |
PALO ALTO NETWORKS Convertible, 0.75%, due 07/01/2023 |
2.91% |
Broadcom Inc., Series A, 8.00%, Due 09/30/2022 |
2.76% |
DEXCOM INC Convertible, 0.25%, due 11/15/2025 |
2.70% |
PIONEER NATURAL RESOURCES Convertible, 0.25%, due 05/15/2025 |
2.42% |
NextEra Energy, Inc., Convertible, 5.279%, Due 03/01/2023 |
2.30% |
SOUTHWEST AIRLINES CO Convertible, 1.25%, due 05/01/2025 |
1.86% |
SNAP INC Convertible, 0.125%, due 03/01/2028 |
1.76% |
ON SEMICONDUCTOR CORP Convertible, 0%, due 05/01/2027 |
1.68% |
LIVE NATION ENTERTAINMENT Convertible, 2.50%, due 03/15/2023 |
1.60% |
ENPHASE ENERGY INC Convertible, 0%, due 03/01/2028 |
1.49% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Weighted Average Effective Duration4 | 1.40 Years |
|
Percent |
Convertible Bond |
85.12% |
Mandatory Preferred |
13.24% |
Cash & Equivalent |
1.64% |
Convertible Preferred |
0.00% |
Please note that percentage of 0.00 indicates an amount less than 0.01%.
|
2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Days Traded at Premium |
97 |
11 |
15 |
--- |
Days Traded at Discount |
155 |
51 |
15 |
--- |
Information Technology
|
30.72%
|
Health Care
|
14.52%
|
Consumer Discretionary
|
11.57%
|
Communication Services
|
9.99%
|
Industrials
|
8.12%
|
Utilities
|
5.23%
|
Energy
|
5.21%
|
Financials
|
4.49%
|
Cash & Equivalent
|
3.24%
|
Real Estate
|
3.15%
|
Materials
|
2.77%
|
Consumer Staples
|
0.99%
|
|
|
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FCVT |
18.61% |
-0.88 |
1.05 |
0.74 |
0.99 |
ICE BofA All US Convertibles Index |
17.63% |
--- |
1.00 |
0.79 |
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.
ICE BofA All US Convertibles Index - The Index measures the return of all U.S. convertibles.
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