# First Trust Horizon Managed Volatility Developed International ETF (HDMV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hdmv for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: International Equity - Strategy: Actively Managed · Inception: 2016-08-24 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. ## Key Facts | Metric | Value | |---|---| | Price | $37.22 | | Expense Ratio | 0.80% | | Assets Under Management | $15.0M | | NAV | $37.50 | | Holdings Count | 150 | | Distribution Yield (TTM) | 6.23% | | Annual Distribution (TTM) | $2.32 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $34.27 – $39.53 | | Beta | 0.63 | ## Latest Distribution - Amount: $0.7659 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 $15.0M 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. ### Does HDMV pay a dividend? First Trust Horizon Managed Volatility Developed International ETF (HDMV) currently distributes little or no income. Trailing-twelve-month yield is 6.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HDMV pay dividends? First Trust Horizon Managed Volatility Developed International ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HDMV's dividend yield? HDMV's trailing-twelve-month yield is 6.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is HDMV's next ex-dividend date? The most recently announced ex-dividend date for HDMV was 2026-09-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will HDMV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HDMV charge its expense ratio? The expense ratio is deducted in tiny daily slices from HDMV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HDMV cost more than a fund like VOO? HDMV is actively managed (current expense ratio 0.80%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether HDMV's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HDMV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as HDMV (0.80%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hdmv - Distribution history: https://www.dividenddata.com/funds/hdmv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hdmv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hdmv/expenses - Peer comparison: https://www.dividenddata.com/funds/hdmv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.