Morningstar

First Trust SSI Strategic Convertible Securities ETF FCVT

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

Morningstar’s Analysis FCVT

Will FCVT outperform in the 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.

Strong when markets cooperate, less reassuring when they don't.

Senior Analyst Jodi Lim

Jodi Lim

Senior Analyst

Summary

First Trust SSI Strategic Convertible Securities ETF takes on more equity risk than most peers while avoiding the distressed end of the market. That mix tends to pay off when growth and technology investments are in favor and can provide a headwind when they are not.

by Jodi Lim
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Portfolio Holdings FCVT

More FCVT Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Nebius Group N.V. 1.25%

2.81 3M
Corporate

Western Digital Corp

2.79 3M
Technology

Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A

2.69 3M
Industrials

Lumentum Holdings Inc. 0.375%

2.65 3M
Corporate

Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A

2.54 3M
Communication Services

Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser B

2.49 3M
Communication Services

Morgan Stanley Finance LLC. 0.125%

1.99 2M
Corporate

Live Nation Entertainment, Inc. 2.875%

1.95 2M
Corporate

ON Semiconductor Corp. 0.5%

1.70 2M
Corporate

NextEra Energy Capital Holdings Inc 3%

1.69 2M
Corporate

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