FCVT

First Trust SSI Strategic Convertible Securities ETF
C

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*Unless otherwise stated, data provided by FactSet.

FCVT Fund Description

FCVT 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

First Trust SSI Strategic Convertible Securities ETF has an MSCI ESG Fund Rating of BB based on a score of 3.97 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. First Trust SSI Strategic Convertible Securities ETF ranks in the 20th percentile within its peer group and in the 61st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FCVT Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FCVT -0.33% -1.08% 15.69% 8.28% 9.80% -- --
FCVT (NAV) -0.41% -1.03% 15.14% 8.61% 9.82% -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FCVT Summary Data

First Trust
11/04/15
Open-Ended Fund
0.95%
$192.92M
$682.14K
0.26%

FCVT Portfolio Data

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09/25/19
122

FCVT Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FCVT Portfolio Management

0.95%
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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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FCVT Factset Analytics Block Liquidity

As of 10/18/19
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 N/A out of 5.

FCVT Tradability

21,805
$682.14K
19,059
$595.83K
0.26%
$0.08
-0.12%
0.73% / -2.41%
None
100.00%
50,000
0.38
0.03%
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0
$31.47
N/A

FCVT Top 10 Holdings[View All]

4.50%
3.08%
2.70%
2.67%
1.99%
1.84%
1.80%
1.64%
1.48%
1.48%
23.18%

FCVT Performance Statistics

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FCVT MSCI ESG Ratings

BB
3.97 / 10
60.61
19.82
5.24%
10.28%
218.24

FCVT Holdings Statistics

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122
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FCVT Avg Life Maturity Distribution

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FCVT OAS Breakdown

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