First Trust SSI Strategic Convertible Securities ETF
FCVT
NASDAQ Global Market- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- First Trust SSI Strategic Convertible Securities ETF (FCVT) is an actively managed exchange-traded fund that seeks high current income and growth of capital by investing primarily in a portfolio of convertible securities issued by U.S. and non-U.S. companies; these include cash-pay convertible bonds, exchangeable bonds, contingent convertibles (CoCos), and preferred securities with embedded equity conversion features; the fund may also allocate to equity securities obtained upon conversion, warrants, rights, and derivatives such as options and swaps for hedging or income enhancement. FCVT operates in the convertible bond and hybrid securities segment of the fixed income and equity markets, targeting issuers across sectors including technology (37.1%), healthcare (13.3%), consumer discretionary (12.6%), and finance (9.1%), with a focus on mid-cap (41%) and large-cap (49%) companies; it serves institutional and retail investors seeking income with equity upside potential while mitigating downside risk through the debt-like characteristics of convertibles. The ETF, a series of First Trust Exchange-Traded Fund IV, was launched on November 3, 2015, and is domiciled in the United States with investment advisory services provided by First Trust Advisors L.P. in Wheaton, Illinois, and sub-advisory by SSI Investment Management LLC. In April 2024, shareholders approved a new investment sub-advisory agreement with SSI Investment Management LLC and adopted a "manager of managers" structure, enhancing operational flexibility for future sub-advisor changes without additional shareholder votes; the fund maintains approximately 135 holdings, an expense ratio of 0.95%, and assets under management around $93 million, with regular distributions announced as of late 2025.