FCVT

First Trust SSI Strategic Convertible Securities ETF
C

N/A
*Unless otherwise stated, data provided by FactSet.

FCVT Fund Description

First Trust SSI Strategic Convertible Securities ETF is an actively managed fund of convertible securities from within and outside the US

FCVT Factset Analytics Insight

FCVT, launched November 2015, is the first actively managed portfolio of convertible securities. The other competitors in this space - the well-established and large CWB and the relative newcomer ICVT – have index following strategies. 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. Unlike its competitors, 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 and size, subject only to liquidity requirements.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. Still, this active management doesn’t come cheap. The fund’s expense ratio is more than double the fees of its competitors and may cause a return drag over the long term.

FCVT MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 20, 2018 the First Trust SSI Strategic Convertible Securities ETF MSCI ESG Fund Quality Score is 4.39 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FCVT ranks in the 75th percentile within its peer group and in the 15th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

FCVT CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FCVT 3.33% 0.68% 9.06% 11.44% -- -- --
FCVT (NAV) 2.94% 0.58% 8.96% 11.10% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FCVT Top 10 Countries

FCVT Top 10 Sectors

FCVT Top 10 Holdings [View All]

FCVT Summary Data

First Trust
11/04/15
Open-Ended Fund
0.95%
$186.42M
$1.96M
0.19%

FCVT Portfolio Data

3.03
10.25 years
-6.25%
09/14/18
120

FCVT Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FCVT Portfolio Management

0.95%
--
--
--

FCVT Tax Exposures

20.00% / 39.60%
0.07%
Ordinary income
No

FCVT Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FCVT Factset Analytics Block Liquidity

As of 09/21/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FCVT. FCVT is rated a 4 out of 5.

FCVT Tradability

63,813
$1.96M
45,231
$1.37M
0.19%
$0.06
0.35%
1.14% / -0.63%
None
100.00%
50,000
0.90
0.03%
1.14%
--
$30.71
4

FCVT Sector/Industry Breakdown


FCVT
Segment Benchmark
64.91%
--
20.81%
--
10.66%
--
2.94%
--
0.67%
--

FCVT Top 10 Holdings[View All]

8.10%
2.49%
2.08%
2.00%
1.71%
1.66%
1.63%
1.52%
1.42%
1.36%
23.97%

FCVT Top 5 Countries


FCVT
Segment Benchmark
90.74%
--
3.50%
--
1.77%
--
1.20%
--
1.10%
--

FCVT Top 5 Currencies


FCVT
Segment Benchmark
100.00%
--

FCVT Economic Development


FCVT
Segment Benchmark
96.89%
--
3.11%
--

FCVT Performance Statistics

--
--
--
--
--

FCVT MSCI ESG Ratings

4.39 / 10
75.00
14.98
4.07%
7.60%
182.78

FCVT HOLDINGS STATISTICS


FCVT
Segment Benchmark
10.25 years
--
3.03
--
--
--
--
--
-6.25%
--
--
--
--
--
120
--
N/A
N/A

FCVT MATURITY DISTRIBUTION


FCVT
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
--
--

FCVT CREDIT BREAKDOWN


FCVT
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--