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First Trust SSI Strategic Convertible Securities ETF
FCVT (First Trust SSI Strategic Convertible Securities ETF) is an active US Equity ETF by First. With a 0.95% MER, it provides diversified exposure through 141 holdings. Monthly distribution with a 1.64% yield.
FCVT is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.95% MER reflects the costs of a more specialized management approach.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).