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About First Trust SSI Strategic Convertible Securities ETF
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Inception date
Nov 3, 2015
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US33739Q5071
FCVT, launched November 2015, is the first actively managed portfolio of convertible securities. SSIthe investment manager of the fundcombines 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. FCVTs 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate96.96%
Cash2.56%
UNIT0.48%
Stock breakdown by region
North America89.83%
Asia5.94%
Europe1.88%
Middle East1.77%
Oceania0.58%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCVT top holdings are Strategy Inc 0.0% 01-MAR-2030 and Boeing Company 6% Pfd Registered shs Series A, occupying 3.79% and 2.85% of the portfolio correspondingly.
FCVT last dividends amounted to 0.05 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 50.00% decrease.
FCVT assets under management is 93.95 M USD. It's fallen 8.22% over the last month.
FCVT fund flows account for 8.57 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FCVT pays dividends to its holders with the dividend yield of 1.89%. The last dividend (Aug 29, 2025) amounted to 0.05 USD. The dividends are paid monthly.
FCVT shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 3, 2015, and its management style is Active.
FCVT expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
FCVT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCVT invests in bonds.
FCVT price has risen by 9.28% over the last month, and its yearly performance shows a 20.13% increase. See more dynamics on FCVT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.90% over the last month, showed a 14.74% increase in three-month performance and has increased by 23.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.90% over the last month, showed a 14.74% increase in three-month performance and has increased by 23.62% in a year.
FCVT trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.