Symbols

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF·ARCA

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Key Stats

Assets Under Management

28.74MUSD

Fund Flow (1Y)

7.14MUSD

Dividend Yield

1.99%

Discount / Premium to NAV

-0.04%

Shares Outstanding

800.00K

Expense Ratio

0.80%

About First Trust Horizon Managed Volatility Small/Mid ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=HSMV

Inception Date

Apr 6, 2020

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

HSMV is an actively-managed fund that revolves around modelling and forecasting volatility. Starting with small- and mid-cap companies listed on US exchanges, the fund manager uses a quantitative and rules-based model to forecast the future volatility of individual stocks based on historical pricing data and generated return data. Selected securities are weighted by their volatility forecasts, with the lowest receiving greater weight in the portfolio. The fund rebalances and reallocates periodically at the fund manager's discretion, which may result to high portfolio turnover.