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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 | $32.39 |
Closing Market Price2 | $32.21 |
Bid/Ask Midpoint | $32.26 |
Bid/Ask Discount | 0.42% |
30-Day Median Bid/Ask Spread3 | 0.52% |
Total Net Assets | $183,003,172 |
Outstanding Shares | 5,650,002 |
Daily Volume | 42,193 |
Average 30-Day Daily Volume | 61,012 |
Closing Market Price 52-Week High/Low | $53.89 / $31.24 |
Closing NAV 52-Week High/Low | $53.73 / $31.33 |
Number of Holdings (excluding cash) | 128 |
Holding |
Percent |
PALO ALTO NETWORKS Convertible, 0.75%, due 07/01/2023 |
2.87% |
DEXCOM INC Convertible, 0.25%, due 11/15/2025 |
2.55% |
NextEra Energy, Inc., Convertible, 5.279%, Due 03/01/2023 |
2.49% |
Broadcom Inc., Series A, 8.00%, Due 09/30/2022 |
2.23% |
PIONEER NATURAL RESOURCES Convertible, 0.25%, due 05/15/2025 |
2.20% |
SOUTHWEST AIRLINES CO Convertible, 1.25%, due 05/01/2025 |
1.77% |
ENPHASE ENERGY INC Convertible, 0%, due 03/01/2028 |
1.71% |
SNAP INC Convertible, 0.125%, due 03/01/2028 |
1.57% |
ON SEMICONDUCTOR CORP Convertible, 0%, due 05/01/2027 |
1.43% |
2020 Cash Exch Trust, Convertible, 5.25%, Due 06/01/2023 |
1.34% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Weighted Average Effective Duration8 | 1.40 Years |
|
Percent |
Convertible Bond |
79.12% |
Mandatory Preferred |
14.10% |
Cash & Equivalent |
6.78% |
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 |
19 |
--- |
Days Traded at Discount |
155 |
51 |
40 |
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Information Technology
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29.41%
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Health Care
|
14.79%
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Consumer Discretionary
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9.17%
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Communication Services
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8.90%
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Industrials
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7.78%
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Cash & Equivalent
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6.78%
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Energy
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6.50%
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Utilities
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5.79%
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Financials
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3.86%
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Materials
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3.05%
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Real Estate
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2.91%
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Consumer Staples
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1.06%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FCVT |
18.65% |
-1.09 |
1.05 |
0.73 |
0.99 |
ICE BofA All US Convertibles Index |
17.63% |
--- |
1.00 |
0.80 |
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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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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