Symbols

HDMV

First Trust Horizon Managed Volatility Developed International ETF·ARCA

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Key Stats

Assets Under Management

16.33MUSD

Fund Flow (1Y)

-19.01MUSD

Dividend Yield

4.99%

Discount / Premium to NAV

-0.10%

Shares Outstanding

450.00K

Expense Ratio

0.80%

About First Trust Horizon Managed Volatility Developed International ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=HDMV

Inception Date

Aug 24, 2016

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

HDMV is an actively-managed fund that revolves around modeling and forecasting volatility. The fund manager selects 100-400 constituents that are expected to have low volatility in the future. The fund's selection universe is comprised of developed markets throughout the world, and it selects from those markets mid and large-cap stocks that meet liquidity standards. Chosen stocks are then weighted by their volatility forecasts, lowest to highest. Finally, larger weights are assigned to securities with lower future expected volatility and the fund's weighting scheme may be adjusted depending on market conditions. HDMV is periodically rebalanced and reallocated using the fund manager's methodology which may result in higher levels of portfolio turnover.