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ETFs

First Trust Exchange-Traded Fund IV First Trust SSI Strategic Convertible Securities ETF

FCVT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 03 2015
Expense Ratio
0.95%
Type
Global Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$710,218
AUM
$115,773,062
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US Dollar
5.28%
PANW5207287
PALO ALTO NETWORKS Convertible 0.375% due 06/01/2025
3.32%
DXCM5195221
DEXCOM INC Convertible 0.25% due 11/15/2025
3.22%
ETSY5253820
ETSY INC Convertible 0.125% due 09/01/2027
2.04%
WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
1.82%
n/a
Nextera Energy Inc. 6.926% Due 09/01/2025
1.79%
n/a
2020 Cash Exch Trust Convertible 5.25% Due 06/01/2023
1.67%
SRPT5476222
SAREPTA THERAPEUTICS INC Convertible 1.25% due 09/15/2027
1.65%
SNAP5541575
SNAP INC Convertible 0.125% due 03/01/2028
1.64%
MCHP5090202
MICROCHIP TECHNOLOGY INC Convertible 0.125% due 11/15/2024
1.58%
Invest with FCVT

What is FCVT?

The First Trust SSI Strategic Convertible Securities ETF is an actively managed exchange-traded fund (ETF) that seeks to deliver total return by investing, under normal market conditions, at least 80% of its net assets in a diversified portfolio of U.S. and non-U.S. convertible securities. Convertible securities are an investment solution for investors seeking income and risk-managed capital appreciation potential. A convertible security is a debt instrument issued by corporations, yet has an embedded conversion option that generally enables the security to be exchanged or converted into a predetermined number of shares of common stock. The fund is actively managed, not index-based, offering the flexibility to strategically adjust market and sector exposure.

ETFs related toFCVT

ETFs correlated to FCVT include CWB, FPX, IWP

FCVT
First Trust Exchange-Traded Fund IV - First Trust SSI Strategic Convertible Securities ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
FPX
First Trust Exchange-Traded Fund III - First Trust US Equity Opportunities ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FCVT is a Global Bonds ETF. The First Trust SSI Strategic Convertible Securities ETF is an actively managed exchange-traded fund (ETF) that seeks to deliver total return by investing, under normal market conditions, at least 80% of its net assets in a diversified portfolio of U.S. and non-U.S. convertible securities. Convertible securities are an investment solution for investors seeking income and risk-managed capital appreciation potential. A convertible security is a debt instrument issued by corporations, yet has an embedded conversion option that generally enables the security to be exchanged or converted into a predetermined number of shares of common stock. The fund is actively managed, not index-based, offering the flexibility to strategically adjust market and sector exposure.

Yes, FCVT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FCVT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FCVT is -0.0336%. This is the percent change in the value of FCVT over the most recent 1-month period. The 3-month return on FCVT is -0.026%. This is the percent change in the value of FCVT over the most recent 3-month period.

The standard deviation of FCVT for the past year is 0.1533%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FCVT include ICVT, QCON, and FMB.

ETFs correlated to FCVT include CWB, FPX, and IWP.

ETFs that are inversely correlated to FCVT include HIBS, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.