FCVT - First Trust SSI Strategic Convertible Securities ETF
| Assets | $278.49M |
| NAV | $52.06 |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Beta (5Y) | 0.83 |
| Dividend (ttm) | $0.84 |
| Dividend Yield | 1.62% |
| Ex-Dividend Date | Mar 25, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $51.85 |
| Previous Close | $52.00 |
| Change ($) | -0.15 |
| Change (%) | -0.29% |
| Day's Open | 52.30 |
| Day's Range | 51.76 - 52.00 |
| Day's Volume | 20,874 |
| 52-Week Range | 29.66 - 55.90 |
Fund Description
The investment seeks total return. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S. and non-U.S. convertible securities. In general, convertible securities combine the investment characteristics of bonds and common stocks and typically consist of debt securities or preferred securities that may be converted or exchanged within a specified period of time into a certain amount of common stock or other equity security of the same or a different issuer.
| Asset Class Portfolio-Multi Asset | Sector Managed ETFs |
| Region Global | Inception Date Nov 4, 2015 |
| Exchange NASDAQ | Ticker Symbol FCVT |
| Index Tracked Barclays U.S. Convertible Cash Pay Bond > $250MM Index | |
Top 10 Holdings
18.15% of assets| Name | Symbol | Weight |
|---|---|---|
| TESLA INC Convertible, 2%, due 05/15/2024 | TSLA 2 05/15/24 | 2.47% |
| Broadcom Inc., Series A, 8.00%, Due 09/30/2022 | AVGO 8 09/30/22 A | 2.42% |
| US Dollar | n/a | 2.10% |
| SQUARE INC Convertible, 0.50%, due 05/15/2023 | SQ 0.5 05/15/23 | 1.83% |
| SNAP INC Convertible, 0.75%, due 08/01/2026 | SNAP 0.75 08/01/26 | 1.77% |
| CHEGG INC Convertible, 0%, due 09/01/2026 | CHGG 0 09/01/26 | 1.67% |
| ZILLOW GROUP INC Convertible, 2.75%, due 05/15/2025 | Z 2.75 05/15/25 | 1.65% |
| MICROCHIP TECHNOLOGY INC Convertible, 1.625%, due 02/15/2027 | MCHP 1.625 02/15/27 | 1.46% |
| NCL CORPORATION LTD Convertible, 5.375%, due 08/01/2025 | NCLH 5.375 08/01/25 | 1.39% |
| PALO ALTO NETWORKS Convertible, 0.75%, due 07/01/2023 | PANW 0.75 07/01/23 | 1.39% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2021 | $0.04 | Mar 31, 2021 |
| Feb 23, 2021 | $0.04 | Feb 26, 2021 |
| Jan 21, 2021 | $0.04 | Jan 29, 2021 |
| Dec 24, 2020 | $0.04 | Dec 31, 2020 |
| Nov 24, 2020 | $0.04 | Nov 30, 2020 |
| Oct 21, 2020 | $0.04 | Oct 30, 2020 |
The volume of convertible bond sales has reached its highest levels since 2007 this year.
Convertible bond ETFs could be one answer for investors whom are concerned about the extended bull equity run and the pressure for high-yield bonds.