FCVT: First Trust SSI Strategic Convertible Securities ETF - MutualFunds.com
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First Trust SSI Strat Convert Secs ETF

FCVT - Snapshot

Vitals

  • YTD Return 4.6%
  • 3 Yr Annualized Return 22.4%
  • 5 Yr Annualized Return 18.1%
  • Net Assets $282 M
  • Holdings in Top 10 17.0%

52 WEEK LOW AND HIGH

$52.00
$30.83
$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
  • Fund Type Exchange Traded Fund
  • Investment Style Convertibles

Compare FCVT to Popular Convertible Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$85.99

-0.27%

$6.59 B

2.21%

$1.91

2.57%

0.40%

$29.84

-0.23%

$5.10 B

0.97%

$0.29

5.44%

0.83%

$45.08

-0.40%

$2.91 B

0.78%

$0.35

4.42%

0.71%

$31.67

-0.35%

$2.62 B

1.23%

$0.39

5.43%

1.17%

$42.92

-0.09%

$2.21 B

2.66%

$1.14

7.35%

0.63%

FCVT - Profile

Distributions

  • YTD Total Return 5.9%
  • 3 Yr Annualized Total Return 22.4%
  • 5 Yr Annualized Total Return 18.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.36%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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
    5600002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ravi 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 4.6% -0.8% 8.8% 38.82%
1 Yr 81.3% 34.8% 86.7% 2.33%
3 Yr 22.4%* 5.7% 25.8% 37.35%
5 Yr 18.1%* 7.9% 22.0% 37.80%
10 Yr N/A* 5.7% 12.9% 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% 3.70%
2019 20.2% 4.5% 24.4% 20.99%
2018 -3.9% -15.4% -2.5% 7.69%
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 5.9% -0.8% 8.8% 16.47%
1 Yr 81.3% 30.7% 86.7% 2.33%
3 Yr 22.4%* 5.7% 25.8% 33.73%
5 Yr 18.1%* 7.7% 22.0% 37.80%
10 Yr N/A* 5.7% 12.9% 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% 3.70%
2019 20.2% 4.5% 24.4% 20.99%
2018 -3.9% -15.4% 4.5% 46.15%
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 282 M 15.6 M 6.59 B 75.86%
Number of Holdings 167 44 367 13.79%
Net Assets in Top 10 47.5 M -17.5 M 1.17 B 80.46%
Weighting of Top 10 16.97% 9.4% 83.2% 74.71%

Top 10 Holdings

  1. Tesla Inc 2% 2.38%
  2. Tesla Inc 2.38% 2.32%
  3. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.31%
  4. Tesla Inc 1.25% 1.99%
  5. Chegg Inc 1.63%
  6. NCL Corporation Ltd. 5.38% 1.60%
  7. Square Inc 0.5% 1.60%
  8. Teladoc Health Inc 1.25% 1.56%
  9. Zillow Group Inc 2.75% 1.56%
  10. SEA LTD 2.38% 1.54%

Asset Allocation

Weighting Return Low Return High FCVT % Rank
Convertible Bonds
87.94% 3.48% 116.38% 27.59%
Preferred Stocks
8.83% 0.00% 18.99% 44.83%
Stocks
2.17% 0.00% 30.60% 80.46%
Cash
1.05% 0.00% 9.92% 77.01%
Other
0.00% -16.33% 7.56% 95.40%
Bonds
0.00% -27.01% 51.48% 96.55%

Stock Sector Breakdown

Weighting Return Low Return High FCVT % Rank
Industrials
61.32% 0.00% 61.32% 1.27%
Utilities
38.68% 0.00% 100.00% 78.48%
Technology
0.00% 0.00% 23.82% 100.00%
Real Estate
0.00% 0.00% 22.98% 98.73%
Healthcare
0.00% 0.00% 29.83% 100.00%
Financial Services
0.00% 0.00% 96.48% 100.00%
Energy
0.00% 0.00% 80.75% 100.00%
Communication Services
0.00% 0.00% 15.03% 100.00%
Consumer Defense
0.00% 0.00% 7.14% 100.00%
Consumer Cyclical
0.00% 0.00% 100.00% 100.00%
Basic Materials
0.00% 0.00% 16.44% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High FCVT % Rank
US
2.17% 0.00% 30.38% 80.46%
Non US
0.00% 0.00% 2.74% 97.70%

FCVT - Expenses

Operational Fees

FCVT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.07% 3.98% 62.35%
Management Fee 0.95% 0.20% 1.33% 93.02%
12b-1 Fee 0.00% 0.00% 1.00% 18.87%
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% 32.46% 242.00% 67.44%

FCVT - Distributions

Dividend Yield Analysis

FCVT Category Low Category High FCVT % Rank
Dividend Yield 0.46% 0.00% 0.78% 5.75%

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% 9.48% 98.82%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FCVT - Fund Manager Analysis

Managers

Ravi Malik


Start Date

Tenure

Tenure Rank

Nov 03, 2015

5.41

5.4%

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

5.41

5.4%

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

5.41

5.4%

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

5.41

5.4%

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

1.08

1.1%

*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
0.08 35.8 9.78 6.25