FCVT

Fund Description
The First Trust SSI Strategic Convertible Securities ETF is an actively managed exchange-traded fund (ETF) that seeks to deliver total return by investing, under normal market conditions, at least 80% of its net assets in a diversified portfolio of U.S. and non-U.S. convertible securities. Convertible securities are an investment solution for investors seeking income and risk-managed capital appreciation potential. A convertible security is a debt instrument issued by corporations, yet has an embedded conversion option that generally enables the security to be exchanged or converted into a predetermined number of shares of common stock. The fund is actively managed, not index-based, offering the flexibility to strategically adjust market and sector exposure.
Fund Profile
Fund Name First Trust SSI Strategic Convertible Securities ETF
Fund Exchange Ticker FCVT
Fund Sponsor First Trust
Fund ISIN US33739Q5071
Net Expense Ratio 0.95 %
Fund Inception Date 3 November 2015
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Convertible
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Convertible
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination Multiple Currencies
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 181.53 Million (USD)
1 Month Total Return -6.64 %
Year To Date Return -21.65 %
1 Year Total Return -22.88 %
3 Year Annualized Total Return 9.27 %
NAV 32.13
Share Outstanding 5,650,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.0633000000
PALO ALTO NETWORKS Convertible 0.75% due 07/01/2023 BOND 0.0284000000
DEXCOM INC Convertible 0.25% due 11/15/2025 BOND 0.0256000000
NextEra Energy Inc. Convertible 5.279% Due 03/01/2023 BOND 0.0249000000
PIONEER NATURAL RESOURCES Convertible 0.25% due 05/15/2025 BOND 0.0227000000
Broadcom Inc. Series A 8.00% Due 09/30/2022 BOND 0.0222000000
SOUTHWEST AIRLINES CO Convertible 1.25% due 05/01/2025 BOND 0.0177000000
ENPHASE ENERGY INC Convertible 0% due 03/01/2028 BOND 0.0166000000
SNAP INC Convertible 0.125% due 03/01/2028 BOND 0.0157000000
ON SEMICONDUCTOR CORP Convertible 0% due 05/01/2027 BOND 0.0142000000