Symbols

FCVT

First Trust SSI Strategic Convertible Securities ETF·NASDAQ

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Key Stats

Assets Under Management

96.44MUSD

Fund Flows (1Y)

7.24MUSD

Dividend Yield

1.96%

Discount/Premium to NAV

-0.46%

Shares Outstanding

2.20M

Expense Ratio

0.95%

About First Trust SSI Strategic Convertible Securities ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FCVT

Inception Date

Nov 3, 2015

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FCVT, launched November 2015, is the first actively managed portfolio of convertible securities. SSI—the investment manager of the fund—combines quantitative and fundamental analysis to select securities that it believes represent superior value and favorable risk/reward characteristics. The fund has no geographic restrictions and can even hold convertible debt denominated in other currencies. Its broad mandate allows it to invest in issuers of any credit quality, maturity, and size, subject only to liquidity requirements. The fund may make certain investment decisions through its active management to meet its objectives. FCVT's unconstrained strategy could appeal to investors who believe that the convertibles space is not as efficient as other pockets of the financial markets and thus affords an opportunity to generate alpha.