Key stats
About First Trust Horizon Managed Volatility Developed Intl ETF
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Inception date
Aug 24, 2016
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US33739P8712
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 funds weighting scheme may be adjusted depending on market conditions. HDMV is periodically rebalanced and reallocated using the fund managers methodology which may result in higher levels of portfolio turnover.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Utilities
Stocks99.45%
Finance33.63%
Utilities16.83%
Consumer Non-Durables8.87%
Communications8.62%
Transportation7.10%
Process Industries4.20%
Retail Trade4.09%
Consumer Services2.66%
Commercial Services2.55%
Health Technology2.51%
Producer Manufacturing2.49%
Energy Minerals1.88%
Consumer Durables1.78%
Industrial Services0.58%
Miscellaneous0.53%
Technology Services0.44%
Health Services0.41%
Non-Energy Minerals0.29%
Bonds, Cash & Other0.55%
UNIT0.52%
Cash0.04%
Stock breakdown by region
Europe50.33%
Asia41.66%
Oceania8.00%
North America0.00%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HDMV invests in stocks. The fund's major sectors are Finance, with 33.63% stocks, and Utilities, with 16.83% of the basket. The assets are mostly located in the Europe region.
HDMV top holdings are Oversea-Chinese Banking Corporation Limited and MTR Corporation Limited, occupying 2.19% and 2.14% of the portfolio correspondingly.
HDMV last dividends amounted to 0.56 USD. The quarter before, the issuer paid 0.74 USD in dividends, which shows a 31.33% decrease.
HDMV assets under management is 23.09 M USD. It's risen 2.26% over the last month.
HDMV fund flows account for −13.45 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HDMV pays dividends to its holders with the dividend yield of 4.18%. The last dividend (Sep 30, 2025) amounted to 0.56 USD. The dividends are paid quarterly.
HDMV shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Aug 24, 2016, and its management style is Active.
HDMV expense ratio is 0.80% meaning you'd have to pay 0.80% of your investment to help manage the fund.
HDMV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HDMV invests in stocks.
HDMV price has risen by 2.24% over the last month, and its yearly performance shows a 19.67% increase. See more dynamics on HDMV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.29% over the last month, showed a 1.14% increase in three-month performance and has increased by 26.19% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.29% over the last month, showed a 1.14% increase in three-month performance and has increased by 26.19% in a year.
HDMV trades at a premium (0.50%) meaning the ETF is trading at a higher price than the calculated NAV.