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 22 January 2021
Asset Under Management 317.87 Million (USD)
1 Month Total Return 8.48 %
Year To Date Return 7.54 %
1 Year Total Return 55.44 %
3 Year Annualized Total Return 23.11 %
NAV 52.54
Share Outstanding 6,050,000
Top 10 Holdings (22 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
TESLA INC Convertible 2% due 05/15/2024 BOND 0.0655351761
Broadcom Inc. Series A 8.00% Due 09/30/2022 BOND 0.0222737431
ZILLOW GROUP INC Convertible 2.75% due 05/15/2025 BOND 0.0174282255
CHEGG INC Convertible 0% due 09/01/2026 BOND 0.0165987906
SQUARE INC Convertible 0.50% due 05/15/2023 BOND 0.0165474710
SNAP INC Convertible 0.75% due 08/01/2026 BOND 0.0162524528
SEA LTD Convertible 2.375% due 12/01/2025 BOND 0.0153631881
MERCADOLIBRE INC Cmvertible 2% due 08/15/2028 BOND 0.0149833745
MICROCHIP TECHNOLOGY INC Convertible 1.625% due 02/15/2027 BOND 0.0147888834
PALO ALTO NETWORKS Convertible 0.75% due 07/01/2023 BOND 0.0146602214