HDMV

First Trust Horizon Managed Volatility Developed International ETF

$35.28

+0.00%

Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) seeks to provide exposure to international developed market equities while aiming to manage overall portfolio volatility.

Overview

ETF tracking First Trust Horizon Managed Volatility Developed International ETF

Category Volatility

Issuer First Trust

Inception Date 2016-08-25

Market Cap $22.9M

Average Volume N/A

Dividend Yield 4.18%

52-Week Range $28.41 - $36.13

VWAP $35.23

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) seeks to provide exposure to international developed market equities while aiming to manage overall portfolio volatility.

🎯 Investment Strategy

HDMV invests in a portfolio of international developed market stocks and employs a rules-based strategy to adjust the portfolio's exposure in an effort to manage volatility. The fund may increase or decrease its equity exposure based on market conditions in an attempt to limit downside risk.

✨ Key Features

Seeks to provide international developed market equity exposure with a focus on managing portfolio volatility
Utilizes a rules-based approach to adjust equity exposure based on market conditions
Aims to limit downside risk and smooth out portfolio returns
Relatively new fund with limited performance history

⚠️ Primary Risks

Equity market risk: The fund is subject to the risks associated with investing in international developed market equities
Volatility management risk: The fund's volatility management strategy may not be successful in limiting downside risk or smoothing returns
Limited performance history: With a short track record, the fund's long-term performance is uncertain
Liquidity risk: As a relatively new and small fund, HDMV may have lower trading liquidity

👤 Best For

HDMV may be suitable for investors seeking international developed market equity exposure with a focus on managing portfolio volatility. The fund's volatility management strategy may appeal to investors with a moderate risk tolerance who are looking to limit downside risk. However, the fund's limited performance history means it may not be appropriate for all investors.