FCVT
·NASDAQ
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Key Stats
Assets Under Management
96.44MUSD
Fund Flows (1Y)
7.24MUSD
Dividend Yield
1.95%
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
Inception Date
Nov 3, 2015
Structure
Open-Ended Fund
Index Tracked
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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.
Classification
Asset Class
Fixed Income
Category
Corporate, Convertible
Focus
Broad Credit
Niche
Broad Maturities
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.59% | +1.67% | +18.63% | +18.22% | +38.73% | -11.15% |
NAV Total Return | +5.80% | +1.90% | +21.77% | +20.23% | +44.47% | +20.50% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Healthcare
64.27%
Utilities
35.73%
Healthcare
64.27%
Utilities
35.73%
Asset
No data is currently available
Region
100%
Category
Ratio
North America
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
LUMENTUM HOLDINGS INC Convertible, 0.375%, due 03/15/2032
3.84%
BApA
The Boeing Pref A ADR
2.89%
MORGAN STANLEY FIN LLC Convertible, 0.125%, due 02/07/2028
2.28%
WESTERN DIGITAL CORP Convertible, 3%, due 11/15/2028
2.28%
ALIBABA GROUP HOLDING Convertible, 0.50%, due 06/01/2031
2.00%
STRATEGY INC Convertible, 0%, due 03/01/2030
1.96%
MORGAN STANLEY FIN LLC Convertible, 0.125%, due 04/26/2030
1.91%
NEXTERA ENERGY CAPITAL Convertible, 3%, due 03/01/2027
1.83%
SEAGATE HDD CAYMAN Convertible, 3.50%, due 06/01/2028
1.81%
WFCpL
Wells Fargo Pref L
1.64%
Top 10 Weight 22.44%
139 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.045 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.050 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.050 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.050 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.050 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.075 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.095 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
