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First Trust SSI Strategic Convertible Securities ETF
Active ETF
FCVT
Payout Change
Pending
Price as of:
$37.24
+0.63
+1.72%
primary theme
Convertible Bond
FCVT (ETF)
First Trust SSI Strategic Convertible Securities ETF
Payout Change
Pending
Price as of:
$37.24
+0.63
+1.72%
primary theme
Convertible Bond
FCVT (ETF)
First Trust SSI Strategic Convertible Securities ETF
Payout Change
Pending
Price as of:
$37.24
+0.63
+1.72%
primary theme
Convertible Bond
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
First Trust SSI Strategic Convertible Securities ETF
FCVT | Active ETF
$37.24
$81.1 M
1.29%
$0.48
0.95%
Vitals
YTD Return
11.4%
1 yr return
12.7%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
8.1%
Net Assets
$81.1 M
Holdings in Top 10
18.4%
52 WEEK LOW AND HIGH
$36.6
$32.40
$38.58
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
First Trust SSI Strategic Convertible Securities ETF
FCVT | Active ETF
$37.24
$81.1 M
1.29%
$0.48
0.95%
FCVT - Profile
Distributions
- YTD Total Return 11.4%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -2.60%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust SSI Strategic Convertible Securities ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateNov 03, 2015
-
Shares Outstanding5600002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRavi Malik
Fund Description
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 (described below). 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 (typically for the entire life of the security) into a certain amount of common stock or other equity security (such equity securities referred to as “underlying securities”) of the same or a different issuer (and/or the cash equivalent thereof). A convertible security is designed to provide current income and also the potential for capital appreciation through the conversion feature, which enables the holder to benefit from increases (if any) in the market price of the underlying equity security. Accordingly, these equity-linked instruments offer the potential for equity market participation along with, in light of their bond-like characteristics, potential mitigated downside risk (which is generally the risk that a security may suffer a decline in value) in periods of equity market declines.The Fund may invest in the following convertible securities (collectively, the “Convertible Securities”):•Convertible and exchangeable notes, bonds and debentures;•Convertible preferred securities;•Mandatory convertible securities (Conversion is not optional for these convertible securities, which automatically convert on maturity.);•Contingent convertible securities (“CoCos”) (These convertible securities may provide for conversion under certain circumstances, including, for example: if a company fails to meet the minimum amount of capital described in the security; if the company’s regulator makes a determination that the security should convert; or if the company receives specified levels of extraordinary public support. Additionally, CoCos may contain features that limit an investor’s ability to convert the convertible security into its underlying security unless certain conditions are met, including, for example, when the sale price of the underlying security exceeds the conversion price by a specified percentage for a certain specified period of time.);•Synthetic convertible securities (These convertible securities (a) consist of two or more distinct securities whose economic characteristics, when taken together, resemble those of traditional convertible securities (i.e., an income-producing security and the right to acquire an equity security (through, for example, an option or a warrant)); or (b) are exchangeable or equity-linked securities issued by a broker-dealer, investment bank or other financial institution with proceeds going directly to the broker-dealer, investment bank or other financial institution, as applicable, that have economic characteristics similar to those of traditional convertible securities.);•Corporate bonds and preferred securities with attached warrants; and•Convertible securities that are eligible for purchase and sale pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) (such as, for example, convertible securities that are issued in private placements).In selecting securities for the Fund, SSI Investment Management LLC, the Fund’s sub-advisor (the “Sub-Advisor”), utilizes both quantitative and fundamental analysis to construct a portfolio of Convertible Securities intended to provide an attractive level of returns typically associated with investments in equity securities, but with a degree of downside protection that is provided through bond-like characteristics. Through its investment process, the Sub-Advisor attempts to identify attractive Convertible Securities based on its positive view of the underlying security or its view of the company’s potential for credit improvement. The Sub-Advisor screens the universe for Convertible Securities that present the most attractive reward per unit of risk. Once attractive Convertible Securities have been identified, the Sub-Advisor generally uses fundamental equity and credit analysis to determine which of the attractive Convertible Securities it believes have a sound underlying security with potential for increase in value. In conjunction with its analysis, the Sub-Advisor reviews the overall economic situation. In this regard, the Fund is actively managed, whereby, the Sub-Advisor assesses the position of the economic cycle and the performance outlook for certain economic sectors. In making decisions to purchase or sell Convertible Securities, the Sub-Advisor will, at times, over- or underweight different economic sectors, market capitalizations, and credit quality exposures relative to the available universe of Convertible Securities. The Sub-Advisor may also adjust the sensitivity of the portfolio to movements in the equity market and to interest rates based on the macroeconomic outlook. The Fund may manage the market exposure defensively during periods of market distress.The Fund may invest in Convertible Securities of any credit quality, including securities that are rated below investment grade or unrated, and with effective or final maturities of any length. Below investment grade securities are commonly referred to as “junk” or “high yield” securities and are considered speculative with respect to the issuer’s capacity to pay interest and repay principal. The Fund’s investment advisor expects that, under normal market conditions, generally, for a Convertible Security to be considered as an eligible investment, after taking into account such an investment, at least 75% of the Fund’s net assets that are invested in Convertible Securities will be comprised of Convertible Securities that will have, at the time of original issuance, $200 million or more in par amount outstanding.The Fund will limit its investments in synthetic convertible securities to 10% of its net assets (calculated at the time of investment). The Fund’s investments in options will be limited to options that represent a component of a synthetic convertible security.The Fund may invest, without limit, in securities that have not been registered under the Securities Act and continue to be subject to restrictions on resale, securities held by control persons of the issuer and securities that are subject to contractual restrictions on their resale (collectively, “restricted securities”). Restricted securities include, without limitation, securities eligible for purchase and sale pursuant to Rule 144A under the Securities Act (“Rule 144A”) and other securities issued in private placements. Under normal market conditions, the Fund will limit its investments in Convertible Securities that are Rule 144A securities to securities with $100 million or more in principal amount outstanding as of the time of their original issuance.In addition to investing in Convertible Securities, the Fund also may invest in the following securities and instruments. The Fund may invest up to 20% of its net assets in exchange-traded notes (“ETNs”), which are a type of senior, unsecured, unsubordinated debt security issued by financial institutions that combines both aspects of bonds and exchange-traded funds (“ETFs”). The Fund may invest up to 20% of its net assets in equity securities listed on U.S. or non-U.S. securities exchanges, including, but not limited to, depositary receipts, equity securities issued by business development companies (“BDCs”), and equity securities held upon conversion of Convertible Securities into their corresponding underlying securities. The Fund may also invest in zero coupon bonds. As of January 31, 2024, the Fund had significant investments in information technology companies, although this may change from time to time. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.To the extent permitted under applicable law, percentage limitations described in this prospectus are generally as of the time of investment by the Fund and may be exceeded on a going-forward basis as a result of market fluctuations affecting the Fund’s portfolio securities.
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FCVT - Performance
Return Ranking - Trailing
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.4% | -3.0% | 16.3% | 53.95% |
| 1 Yr | 12.7% | -2.2% | 16.9% | 53.95% |
| 3 Yr | -0.6%* | -14.8% | 7.6% | 89.33% |
| 5 Yr | 8.1%* | -7.6% | 11.5% | 64.79% |
| 10 Yr | N/A* | -0.9% | 11.0% | 57.14% |
* Annualized
Return Ranking - Calendar
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.2% | -7.7% | 13.1% | 55.84% |
| 2022 | -23.5% | -37.8% | -12.8% | 67.11% |
| 2021 | -15.4% | -18.9% | 2.4% | 84.21% |
| 2020 | 48.0% | 5.9% | 54.0% | 4.17% |
| 2019 | 20.2% | 9.9% | 24.4% | 20.83% |
Total Return Ranking - Trailing
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.4% | -3.0% | 16.3% | 53.95% |
| 1 Yr | 12.7% | -2.2% | 16.9% | 53.95% |
| 3 Yr | -0.6%* | -14.8% | 7.6% | 89.33% |
| 5 Yr | 8.1%* | -7.6% | 11.5% | 64.79% |
| 10 Yr | N/A* | -0.9% | 11.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FCVT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | -7.7% | 15.3% | 71.43% |
| 2022 | -20.9% | -37.8% | -10.6% | 65.79% |
| 2021 | 4.1% | -12.2% | 11.3% | 50.00% |
| 2020 | 51.0% | 8.7% | 64.4% | 23.61% |
| 2019 | 22.3% | 12.2% | 28.7% | 62.50% |
FCVT - Holdings
Concentration Analysis
| FCVT | Category Low | Category High | FCVT % Rank | |
|---|---|---|---|---|
| Net Assets | 81.1 M | 13.4 M | 4.3 B | 89.61% |
| Number of Holdings | 133 | 41 | 381 | 23.38% |
| Net Assets in Top 10 | 14.9 M | 3.92 M | 608 M | 89.61% |
| Weighting of Top 10 | 18.41% | 9.5% | 46.5% | 68.83% |
Top 10 Holdings
- NextEra Energy Capital Holdings Inc 3.12%
- Dreyfus Government Cash Management 1.96%
- Wells Fargo Co 1.85%
- Liberty Media Corp 1.72%
- Royal Caribbean Cruises Ltd 1.72%
- Uber Technologies Inc 1.70%
- Insmed Inc 1.69%
- Morgan Stanley Finance LLC 1.62%
- Palo Alto Networks Inc 1.56%
- Bank of America Corp 1.48%
Asset Allocation
| Weighting | Return Low | Return High | FCVT % Rank | |
|---|---|---|---|---|
| Bonds | 91.21% | 0.00% | 98.77% | 11.69% |
| Convertible Bonds | 78.21% | 37.15% | 99.72% | 54.55% |
| Preferred Stocks | 6.52% | 0.00% | 22.50% | 88.31% |
| Cash | 2.27% | -78.94% | 9.51% | 41.56% |
| Stocks | 0.00% | 0.00% | 23.09% | 94.81% |
| Other | 0.00% | -17.11% | 5.40% | 85.71% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FCVT % Rank | |
|---|---|---|---|---|
| Corporate | 91.60% | 91.11% | 100.00% | 98.70% |
| Cash & Equivalents | 1.96% | 0.00% | 9.51% | 59.74% |
| Derivative | 0.00% | -0.03% | 0.76% | 84.42% |
| Securitized | 0.00% | 0.00% | 0.00% | 84.42% |
| Municipal | 0.00% | 0.00% | 0.00% | 84.42% |
| Government | 0.00% | 0.00% | 2.94% | 85.71% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FCVT % Rank | |
|---|---|---|---|---|
| US | 91.21% | 0.00% | 98.77% | 11.69% |
| Non US | 0.00% | 0.00% | 15.91% | 85.71% |
FCVT - Expenses
Operational Fees
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.20% | 2.87% | 63.64% |
| Management Fee | 0.95% | 0.20% | 1.00% | 93.51% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.87% |
| Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FCVT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 30.00% | 154.00% | 80.00% |
FCVT - Distributions
Dividend Yield Analysis
| FCVT | Category Low | Category High | FCVT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.29% | 0.00% | 4.30% | 59.74% |
Dividend Distribution Analysis
| FCVT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
| FCVT | Category Low | Category High | FCVT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -2.60% | -3.72% | 3.69% | 94.74% |
Capital Gain Distribution Analysis
| FCVT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2024 | $0.040 | OrdinaryDividend |
| Nov 21, 2024 | $0.040 | OrdinaryDividend |
| Oct 22, 2024 | $0.040 | OrdinaryDividend |
| Sep 26, 2024 | $0.040 | OrdinaryDividend |
| Aug 21, 2024 | $0.040 | OrdinaryDividend |
| Jul 23, 2024 | $0.040 | OrdinaryDividend |
| Jun 27, 2024 | $0.040 | OrdinaryDividend |
| Apr 23, 2024 | $0.040 | OrdinaryDividend |
| Mar 21, 2024 | $0.040 | OrdinaryDividend |
| Feb 21, 2024 | $0.040 | OrdinaryDividend |
| Jan 23, 2024 | $0.040 | OrdinaryDividend |
| Dec 22, 2023 | $0.147 | OrdinaryDividend |
| Nov 21, 2023 | $0.040 | OrdinaryDividend |
| Oct 24, 2023 | $0.040 | OrdinaryDividend |
| Sep 22, 2023 | $0.040 | OrdinaryDividend |
| Aug 22, 2023 | $0.040 | OrdinaryDividend |
| Jul 21, 2023 | $0.040 | OrdinaryDividend |
| Jun 27, 2023 | $0.040 | OrdinaryDividend |
| May 23, 2023 | $0.040 | OrdinaryDividend |
| Apr 21, 2023 | $0.040 | OrdinaryDividend |
| Mar 24, 2023 | $0.040 | OrdinaryDividend |
| Feb 22, 2023 | $0.040 | OrdinaryDividend |
| Jan 24, 2023 | $0.040 | OrdinaryDividend |
| Dec 15, 2022 | $0.045 | OrdinaryDividend |
| Nov 22, 2022 | $0.045 | OrdinaryDividend |
| Oct 21, 2022 | $0.045 | OrdinaryDividend |
| Sep 23, 2022 | $0.045 | OrdinaryDividend |
| Aug 23, 2022 | $0.045 | OrdinaryDividend |
| Jul 21, 2022 | $0.100 | OrdinaryDividend |
| Jun 24, 2022 | $0.100 | OrdinaryDividend |
| May 24, 2022 | $0.150 | OrdinaryDividend |
| Apr 21, 2022 | $0.150 | OrdinaryDividend |
| Mar 25, 2022 | $0.150 | OrdinaryDividend |
| Feb 18, 2022 | $0.150 | OrdinaryDividend |
| Jan 21, 2022 | $0.150 | OrdinaryDividend |
| Dec 23, 2021 | $8.836 | OrdinaryDividend |
| Nov 23, 2021 | $0.150 | OrdinaryDividend |
| Oct 21, 2021 | $0.150 | OrdinaryDividend |
| Sep 23, 2021 | $0.100 | OrdinaryDividend |
| Aug 24, 2021 | $0.040 | OrdinaryDividend |
| Jul 21, 2021 | $0.040 | OrdinaryDividend |
| Jun 24, 2021 | $0.040 | OrdinaryDividend |
| May 21, 2021 | $0.040 | OrdinaryDividend |
| Apr 21, 2021 | $0.040 | OrdinaryDividend |
| Mar 25, 2021 | $0.040 | OrdinaryDividend |
| Feb 23, 2021 | $0.040 | OrdinaryDividend |
| Jan 21, 2021 | $0.040 | OrdinaryDividend |
| Dec 24, 2020 | $0.403 | OrdinaryDividend |
| Nov 24, 2020 | $0.040 | OrdinaryDividend |
| Oct 21, 2020 | $0.040 | OrdinaryDividend |
| Sep 24, 2020 | $0.040 | OrdinaryDividend |
| Aug 21, 2020 | $0.040 | OrdinaryDividend |
| Jul 21, 2020 | $0.040 | OrdinaryDividend |
| Jun 25, 2020 | $0.040 | OrdinaryDividend |
| May 21, 2020 | $0.040 | OrdinaryDividend |
| Apr 21, 2020 | $0.040 | OrdinaryDividend |
| Mar 26, 2020 | $0.040 | OrdinaryDividend |
| Feb 21, 2020 | $0.040 | OrdinaryDividend |
| Jan 22, 2020 | $0.040 | OrdinaryDividend |
| Dec 13, 2019 | $0.090 | OrdinaryDividend |
| Nov 21, 2019 | $0.040 | OrdinaryDividend |
| Oct 22, 2019 | $0.040 | OrdinaryDividend |
| Sep 25, 2019 | $0.040 | OrdinaryDividend |
| Aug 21, 2019 | $0.040 | OrdinaryDividend |
| Jul 23, 2019 | $0.040 | OrdinaryDividend |
| Jun 14, 2019 | $0.040 | OrdinaryDividend |
| May 21, 2019 | $0.040 | OrdinaryDividend |
| Apr 23, 2019 | $0.040 | OrdinaryDividend |
| Mar 21, 2019 | $0.040 | OrdinaryDividend |
| Feb 21, 2019 | $0.040 | OrdinaryDividend |
| Jan 23, 2019 | $0.040 | OrdinaryDividend |
| Dec 18, 2018 | $0.052 | OrdinaryDividend |
| Nov 21, 2018 | $0.040 | OrdinaryDividend |
| Oct 23, 2018 | $0.040 | OrdinaryDividend |
| Sep 14, 2018 | $0.040 | OrdinaryDividend |
| Aug 21, 2018 | $0.040 | OrdinaryDividend |
| Jul 20, 2018 | $0.040 | OrdinaryDividend |
| Jun 21, 2018 | $0.001 | CapitalGainLongTerm |
| Jun 21, 2018 | $0.040 | OrdinaryDividend |
| May 22, 2018 | $0.045 | OrdinaryDividend |
| Apr 20, 2018 | $0.040 | OrdinaryDividend |
| Mar 22, 2018 | $0.045 | OrdinaryDividend |
| Feb 21, 2018 | $0.045 | OrdinaryDividend |
| Jan 23, 2018 | $0.040 | OrdinaryDividend |
| Dec 21, 2017 | $0.052 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.209 | OrdinaryDividend |
| Nov 21, 2017 | $0.040 | OrdinaryDividend |
| Oct 20, 2017 | $0.040 | OrdinaryDividend |
| Sep 21, 2017 | $0.040 | OrdinaryDividend |
| Aug 22, 2017 | $0.035 | OrdinaryDividend |
| Jul 21, 2017 | $0.030 | OrdinaryDividend |
| Jun 22, 2017 | $0.030 | OrdinaryDividend |
| May 23, 2017 | $0.030 | OrdinaryDividend |
| Apr 21, 2017 | $0.030 | OrdinaryDividend |
| Mar 23, 2017 | $0.030 | OrdinaryDividend |
| Feb 22, 2017 | $0.030 | OrdinaryDividend |
| Jan 20, 2017 | $0.030 | OrdinaryDividend |
| Dec 21, 2016 | $0.160 | OrdinaryDividend |
| Nov 22, 2016 | $0.030 | OrdinaryDividend |
| Oct 21, 2016 | $0.030 | OrdinaryDividend |
| Sep 21, 2016 | $0.030 | OrdinaryDividend |
| Aug 23, 2016 | $0.030 | OrdinaryDividend |
| Jul 21, 2016 | $0.030 | OrdinaryDividend |
| Jun 22, 2016 | $0.030 | OrdinaryDividend |
| May 20, 2016 | $0.030 | OrdinaryDividend |
| Apr 21, 2016 | $0.030 | OrdinaryDividend |
| Mar 23, 2016 | $0.030 | OrdinaryDividend |
| Feb 23, 2016 | $0.030 | OrdinaryDividend |
| Jan 21, 2016 | $0.030 | OrdinaryDividend |
| Dec 23, 2015 | $0.145 | OrdinaryDividend |
FCVT - Fund Manager Analysis
Managers
Ravi Malik
Start Date
Tenure
Tenure Rank
Nov 03, 2015
6.58
6.6%
Oversees the daily management of the Convertible Investment portfolios; provides equity and credit research in the Technology and Emerging Markets Sectors Board of Director and Member of the Executive Committee Portfolio Manager of SSI’s Convertible Team and the Froley, Revy Convertible Team (acquired by SSI in 2009) Collaborates with CIO in analyzing Global and Macro environments and formulates strategy according to client mandates Prior to joining SSI, Ravi spent 10 years in the Indian Administrative Service (IAS), India’s highest level “Think Tank”; he also served as Finance Commissioner to the Andaman Islands MBA, Finance, Anderson Graduate School of Management, University of California, Los Angeles; BA, Mathematics and Economics, Punjab University
George Douglas
Start Date
Tenure
Tenure Rank
Nov 03, 2015
6.58
6.6%
Portfolio Manager of the Hedged Convertible strategies SSI’s Chief Investment Officer Board of Director and Chairperson of the Executive Committee Prior to joining SSI, George was Director of Quantitative Equity Investments at CS First Boston Asset Management Named to Institutional Investor's "All American Research Team" four times MBA, Finance; MS, Statistics; BS, Mathematics, University of Wisconsin
Michael Opre
Start Date
Tenure
Tenure Rank
Nov 03, 2015
6.58
6.6%
Oversees the daily management of the Convertible Investment portfolios and provides equity and credit research in the Finance, Energy and Materials Sectors Portfolio Manager of the SSI Convertible Investment Strategy and the Froley, Revy Convertible Strategy (acquired by SSI in 2009) Mike’s prior experience includes serving as Senior Investment Manager at Wells Fargo and a Research Analyst with Pacific Strategic Fund Group, Inc. specializing in fundamental analysis and risk arbitrage MBA, Finance, Anderson Graduate School of Management, University of California, Los Angeles; BA, University of California, Los Angeles
Florian Eitner
Start Date
Tenure
Tenure Rank
Nov 03, 2015
6.58
6.6%
Oversees the daily management of the Convertible Investment portfolios and provides equity and credit research in the Healthcare, Industrials, Telecommunications and Transportation Sectors Portfolio Manager of SSI’s Convertible Investment Team Prior to joining SSI, Florian was an Associate in the Leveraged Finance Group at Lehman Brothers Europe. Previously, he was a member of the CTC, LLC options trading group at the Chicago Mercantile Exchange MBA, Finance and Student Investment Fund Fellow, Anderson Graduate School of Management, University of California, Los Angeles; BA, Economics, Northwestern University, Chicago
Stephen Wachtel
Start Date
Tenure
Tenure Rank
Mar 02, 2020
2.25
2.3%
*Portfolio Manager of SSI’s Core Equity Strategies *Member of SSI’s Tactical Asset Allocation Portfolio Team which monitors the Tactical Alpha Signals and manages the Flexible Allocation Strategy *Provides equity research in Financials, Industrials and Consumer Sectors *Joined SSI in 2010 as an Equity Portfolio Manager. In addition Steve worked for Froley Revy as an Outright Convertible Portfolio Manager for 7 years *MBA, Finance and Student Investment Fund Fellow, Anderson Graduate School of Management, University of California, Los Angeles; BS, Finance, Lehigh University
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 36.97 | 10.28 | 7.42 |
