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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.

A bumpy ride

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

A specialized team paired with a standard investment approach drives First Trust SSI Strategic Convertible Securities ETF FCVT; however, a willingness to amplify its equity sensitivity contributes to a volatile profile, supporting a Morningstar Medalist Rating of Neutral.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings FCVT

More FCVT Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 5
  • Other Holdings 134
  • % Assets in Top 10 Holdings 16.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Palo Alto Networks Inc 0.375%

2.53
2,132,332
Corporate

Snap Inc 0.125%

2.05
1,726,690
Corporate

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

1.95
1,649,800
Financial Services

Uber Technologies Inc 0%

1.72
1,453,409
Corporate

ON Semiconductor Corp. 0.5%

1.64
1,382,272
Corporate

Liberty Media Corp Del 2.375%

1.45
1,219,942
Corporate

DexCom Inc 0.25%

1.42
1,199,788
Corporate

Dreyfus Govt Cm Inst 289

1.40
1,182,106
Cash and Equivalents

MongoDB Inc. 0.25%

1.32
1,112,429
Corporate

Workiva Inc 1.25%

1.31
1,105,670
Corporate