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First Trust SSI Strat Convert Secs ETF FCVT

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FCVT

Will FCVT outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCVT’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCVT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FCVT’s parent organization’s priorities and whether they’re in line with investors’ interests.

More equity-sensitive than peers.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

A specialized convertible investment team runs First Trust SSI Strategic Convertible Securities ETF. However, a willingness to amplify the portfolio’s equity sensitivity contributes to a volatile profile.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings FCVT

More FCVT Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Govt Cm Inst 289

2.42 2.2 Mil
Cash and Equivalents

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

2.20 2.0 Mil
Financial Services

Royal Caribbean Group 6%

2.13 1.9 Mil
Corporate

Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-

2.02 1.8 Mil
Financial Services

Apollo Global Management Inc 6.75% PRF CONVERT 31/07/2026 USD 50 - Ser A

1.98 1.8 Mil
Financial Services

Liberty Media Corp Del 2.375%

1.53 1.4 Mil
Corporate

NextEra Energy Capital Holdings Inc 3%

1.48 1.3 Mil
Corporate

Morgan Stanley Finance LLC. 0.125%

1.45 1.3 Mil
Corporate

Microstrategy Incorporated 0.625%

1.39 1.2 Mil
Corporate

Albemarle Corp PRF PERPETUAL USD 1000 - Ser A 1/20th Pref St

1.35 1.2 Mil
Basic Materials