First Trust SSI Strategic Convertible Securities ETF

Frequently Asked Questions About FCVT

What does FCVT invest in?

The First Trust SSI Strategic Convertible Securities ETF operates as an actively managed exchange-traded fund, with its primary objective being the generation of total returns. Typically, under standard market conditions, this fund commits a minimum of 80% of its net assets to a diverse array of convertible securities, originating from both domestic and international markets.

What is the expense ratio of FCVT?

First Trust SSI Strategic Convertible Securities ETF (FCVT) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

What is FCVT's dividend yield?

FCVT's trailing-twelve-month yield is 1.26%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FCVT?

Effective duration measures FCVT's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FCVT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FCVT?

FCVT's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FCVT?

Yield to maturity (YTM) is the total return you'd earn from FCVT if every bond in the portfolio is held to maturity at the current price. FCVT's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.