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First Trust Ssi Strategic Convertible Securities Etf
38.45
-0.36 (-0.93%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 38.81
Day's Range: 38.28 - 38.8699
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When Written:
31.75
The First Trust SSI Strategic Convertible Securities ETF is an exchange-traded fund (ETF) that invests in a portfolio of convertible securities. These securities are typically bonds or preferred stocks that can be converted into common stock at a predetermined price. The fund seeks to provide investors with current income and capital appreciation by investing in convertible securities that offer a balance of income and equity participation.
The ETF is managed by First Trust Advisors and tracks the SSI Strategic Convertible Securities Index. The index is designed to provide exposure to a diversified portfolio of convertible securities issued by companies with strong financials and growth prospects.
As of September 2021, the fund had a total net asset value of approximately $1.5 billion and held 115 securities. The fund has an expense ratio of 0.95% and pays a quarterly dividend.
Investors should be aware that convertible securities can be more volatile than traditional fixed-income securities due to their equity component. Additionally, the fund's performance may be affected by changes in interest rates and the credit quality of the underlying securities.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The ETF is managed by First Trust Advisors and tracks the SSI Strategic Convertible Securities Index. The index is designed to provide exposure to a diversified portfolio of convertible securities issued by companies with strong financials and growth prospects.
As of September 2021, the fund had a total net asset value of approximately $1.5 billion and held 115 securities. The fund has an expense ratio of 0.95% and pays a quarterly dividend.
Investors should be aware that convertible securities can be more volatile than traditional fixed-income securities due to their equity component. Additionally, the fund's performance may be affected by changes in interest rates and the credit quality of the underlying securities.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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