First Trust Exchange-Traded Fund III First Trust Horizon Managed Volatility Domestic ETF
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Key stats
About First Trust Exchange-Traded Fund III First Trust Horizon Managed Volatility Domestic ETF
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Inception date
Aug 24, 2016
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
HUSV takes an active approach in providing capital appreciation with reduced volatility. It aims to capture into a concentrated portfolio, the upside price movements in bull markets and reduce downside risk in bear ones. Starting with large-cap domestic companies listed on US exchanges, HUSVs fund manager uses a proprietary model to forecast the future volatility of individual stocks. Then the fund manager selects and weights the 50 to 70 stocks with the lowest expected volatility. The manager has discretion in deciding portfolio rebalancing frequency. Due to its active management mandate, HUSV may have higher portfolio turnover which can lead to higher trading costs and capital gains distributions, creating a drag on returns.
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
Technology Services
Finance
Utilities
Electronic Technology
Stocks99.94%
Technology Services18.16%
Finance14.81%
Utilities13.00%
Electronic Technology10.83%
Consumer Non-Durables9.13%
Health Technology6.34%
Process Industries5.03%
Commercial Services4.57%
Industrial Services3.94%
Consumer Services3.93%
Producer Manufacturing2.97%
Retail Trade2.89%
Energy Minerals1.75%
Distribution Services1.12%
Communications0.73%
Health Services0.72%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history