Key stats
About First Trust Horizon Managed Volatility Small/Mid ETF
Home page
Inception date
Apr 6, 2020
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
US33741Y1001
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 managers discretion, which may result to high 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
Stocks99.51%
Finance38.77%
Utilities12.18%
Process Industries6.19%
Consumer Non-Durables6.01%
Producer Manufacturing5.74%
Consumer Services4.72%
Commercial Services3.76%
Industrial Services3.69%
Distribution Services3.15%
Transportation2.81%
Health Technology2.65%
Health Services2.27%
Retail Trade2.12%
Technology Services2.07%
Non-Energy Minerals1.12%
Consumer Durables0.98%
Energy Minerals0.86%
Electronic Technology0.43%
Bonds, Cash & Other0.49%
Cash0.49%
Stock breakdown by region
North America99.49%
Europe0.51%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HSMV invests in stocks. The fund's major sectors are Finance, with 38.77% stocks, and Utilities, with 12.18% of the basket. The assets are mostly located in the North America region.
HSMV top holdings are Innoviva, Inc. and Post Holdings, Inc., occupying 2.20% and 1.68% of the portfolio correspondingly.
HSMV last dividends amounted to 0.15 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 2.86% decrease.
HSMV assets under management is 26.95 M USD. It's fallen 2.74% over the last month.
HSMV fund flows account for 5.36 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, HSMV pays dividends to its holders with the dividend yield of 1.80%. The last dividend (Sep 30, 2025) amounted to 0.15 USD. The dividends are paid quarterly.
HSMV shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Apr 6, 2020, and its management style is Active.
HSMV expense ratio is 0.80% meaning you'd have to pay 0.80% of your investment to help manage the fund.
HSMV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HSMV invests in stocks.
HSMV price has fallen by −1.61% over the last month, and its yearly performance shows a −0.49% decrease. See more dynamics on HSMV price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.59% over the last month, showed a 1.81% increase in three-month performance and has increased by 1.63% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.59% over the last month, showed a 1.81% increase in three-month performance and has increased by 1.63% in a year.
HSMV trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.