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.
Frequently asked questions
What is the First Trust SSI Strategic Convertible Securities ETF (FCVT) expense ratio?
The First Trust SSI Strategic Convertible Securities ETF funds expense ratio is 0.95%.
What is First Trust SSI Strategic Convertible Securities ETF (FCVT) current stock price?
As of the latest data, First Trust SSI Strategic Convertible Securities ETF stock price is $51.72, with a previous close of $50.28. First Trust SSI Strategic Convertible Securities ETF gained $1.45 in the last trading session, representing a 2.88% increase.
Does First Trust SSI Strategic Convertible Securities ETF (FCVT) pay dividends?
Yes. First Trust SSI Strategic Convertible Securities ETF pays monthly dividends with an annualized yield of 1.08% and an estimated annual payout of $0.56 per share.
