First Trust SSI Strategic Convertible Securities E
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$33.21
- Net Assets:$0 Million
- NAV:$33.58
- Premium-1.1%
- Peer Rank:159 of 161
- Investment Rating:E+
- Performance:D-
- RiskC
We rate First Trust SSI Strategic Conv Sec at E+. Negative factors that influence this rating include a high price volatility. The fund may be considered for investors seeking a Growth & Income strategy.
Total return ranks well below peers over the last three years. The First Trust SSI Strategic Conv Sec has returned an annual rate of 8.10% since inception. More recently, the fund has generated a total return of 8.46% in the last five years, -4.54% in the last three years, and 4.78% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 65% of them. It has also outpaced 16% of its competitors on a three year basis and 27% of them over the last year for the period ending 2/29/2024. On a year to date basis, FCVT has returned 0.75%.
Downside risk has been above average. FCVT has a draw down risk of -43.45%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.8%. This fund has had moderate volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As FCVT is an exchange traded fund, it has no front end or back end load.
The First Trust SSI Strategic Conv Sec is managed by George M. Douglas at First Trust Advisors LP. This fund is one of 195 First Trust Advisors LP exchange-traded funds launched since 8/19/2003 that we track.