Key stats
About First Trust Exchange-Traded Fund III First Trust Horizon Managed Volatility Domestic ETF
Expense ratio
0.70%
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Inception date
Aug 24, 2016
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
Consumer Non-Durables
Stocks99.83%
Technology Services14.10%
Finance14.09%
Consumer Non-Durables12.96%
Electronic Technology9.57%
Industrial Services6.81%
Consumer Services6.71%
Retail Trade6.56%
Health Technology6.25%
Utilities4.44%
Producer Manufacturing3.45%
Commercial Services3.20%
Health Services3.18%
Process Industries2.89%
Distribution Services2.47%
Communications1.95%
Transportation1.19%
Bonds, Cash & Other0.17%
Cash0.17%
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