First Trust Horizon Managed Volatility Developed International ETF

Frequently Asked Questions About HDMV

What does HDMV invest in?

The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund designed to achieve capital growth for its investors. Typically, the fund allocates a minimum of 80% of its total assets, including any borrowed capital, to equity shares and depositary receipts. These investments are in companies based in developed markets, with securities traded on international exchanges outside the U.S. Horizon Investments, LLC meticulously selects these firms based on their expected low future price volatility.

What is the expense ratio of HDMV?

First Trust Horizon Managed Volatility Developed International ETF (HDMV) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HDMV?

First Trust Horizon Managed Volatility Developed International ETF (HDMV) manages $17.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HDMV actively managed or an index fund?

HDMV is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (HDMV's is 0.80%) in exchange for the discretion to over- or under-weight positions.

When was HDMV launched?

First Trust Horizon Managed Volatility Developed International ETF (HDMV) launched in August 2016 and is managed by First Trust.

How has HDMV performed?

HDMV's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.