Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
First Trust SSI Strategic Convertible Securities ETF (FCVT)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
03/27/2025: FCVT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -2.59% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 31020 | Beta 0.94 | 52 Weeks Range 31.82 - 38.52 | Updated Date 03/28/2025 |
52 Weeks Range 31.82 - 38.52 | Updated Date 03/28/2025 |
Upturn AI SWOT
First Trust SSI Strategic Convertible Securities ETF
ETF Overview
Overview
The First Trust SSI Strategic Convertible Securities ETF (NYSEARCA: FCVT) seeks to provide current income and capital appreciation by investing primarily in convertible securities. It aims to provide exposure to a diverse range of issuers and convertible structures, managed with a focus on strategic asset allocation.
Reputation and Reliability
First Trust is a well-established ETF provider known for offering a variety of innovative and specialized investment products.
Management Expertise
First Trust has a dedicated team of portfolio managers and analysts with experience in convertible securities and fixed income markets.
Investment Objective
Goal
To seek current income and capital appreciation by investing in convertible securities.
Investment Approach and Strategy
Strategy: The ETF employs a strategic asset allocation approach, selecting convertible securities based on factors such as credit quality, yield, and conversion premium.
Composition The ETF primarily holds convertible bonds, but may also invest in other fixed income securities and equities.
Market Position
Market Share: FCVT has a small market share compared to broader fixed income ETFs.
Total Net Assets (AUM): 108550000
Competitors
Key Competitors
- SPDR Bloomberg Convertible Securities ETF (CWB)
- Calamos Dynamic Convertible and Income ETF (CPZ)
Competitive Landscape
The convertible securities ETF market is relatively concentrated. FCVT distinguishes itself through its strategic asset allocation process, which focuses on identifying undervalued convertible securities. However, CWB is far larger, offering better liquidity and generally lower expense ratios.
Financial Performance
Historical Performance: Historical performance data should be obtained from financial data providers (Yahoo Finance, Google Finance, etc.) due to the need for frequent updates.
Benchmark Comparison: Performance should be compared to the ICE BofA All US Convertibles Index.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
The ETF's average trading volume is moderate, meaning liquidity could be a concern for large trades.
Bid-Ask Spread
The bid-ask spread varies, so potential investors must check it before trading.
Market Dynamics
Market Environment Factors
Interest rate movements, credit spreads, and equity market volatility all impact the performance of convertible securities and thus impact FCVT.
Growth Trajectory
Growth trends of FCVT are closely tied to the performance of convertible bonds and broader market sentiments toward risk assets.
Moat and Competitive Advantages
Competitive Edge
FCVT's competitive edge lies in its strategic asset allocation approach, seeking undervalued convertible securities across a broad range of issuers and sectors. This focus on security selection potentially generates alpha. The ETF does not simply track an index but rather actively manages its portfolio. Its smaller size can be a disadvantage for liquidity but also allow for greater flexibility to react to market changes.
Risk Analysis
Volatility
Convertible securities tend to be less volatile than equities but more volatile than traditional fixed income. Past performance is not indicative of future results.
Market Risk
FCVT is subject to credit risk associated with the issuers of the convertible bonds it holds, as well as interest rate risk and equity market risk given the hybrid nature of convertible securities.
Investor Profile
Ideal Investor Profile
FCVT is suitable for investors seeking a balance between income and capital appreciation, with a moderate risk tolerance and an interest in convertible securities.
Market Risk
The ETF is suitable for investors who are willing to accept some risk in exchange for potentially higher returns than traditional fixed income investments, but not as much risk as pure equity investments.
Summary
First Trust SSI Strategic Convertible Securities ETF aims to provide income and capital appreciation through convertible securities, employing strategic asset allocation and security selection. Its expense ratio of 0.75% is relatively high, and liquidity could be a concern. The ETF carries credit, interest rate, and equity market risks. It may be a good option for investors seeking a hybrid investment strategy, but careful consideration of risk and liquidity is advised.
Similar Companies
- CWB
- CPZ
- ICVT
- FLCN
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data is an approximation and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust SSI Strategic Convertible Securities ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S. and non-U.S. convertible securities. In general, convertible securities combine the investment characteristics of bonds and common stocks and typically consist of debt securities or preferred securities that may be converted or exchanged within a specified period of time into a certain amount of common stock or other equity security of the same or a different issuer.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.