HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

$35.76

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Horizon Managed Volatility Small/Mid Index.

Overview

ETF tracking First Trust Horizon Managed Volatility Small/Mid ETF

Category Volatility

Issuer First Trust

Inception Date 2020-04-07

Market Cap $26.8M

Average Volume N/A

Dividend Yield 1.82%

52-Week Range $32.53 - $38.84

VWAP $35.70

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a passive management (or indexing) approach and seeks to track the performance of the underlying index. The index is designed to provide exposure to small and mid-cap U.S. equities with lower historical volatility compared to the broader small/mid-cap market.

✨ Key Features

Focuses on small and mid-cap U.S. stocks with lower historical volatility
Passively tracks the Horizon Managed Volatility Small/Mid Index
Aims to provide exposure to less volatile segments of the small/mid-cap equity market
Low expense ratio of 0.00%

⚠️ Primary Risks

Equity market risk: The fund is subject to the risks associated with the general stock market and small/mid-cap equities
Tracking error risk: The fund may not perfectly track the underlying index due to various factors
Concentration risk: The fund's focus on lower volatility stocks may result in higher concentration in certain sectors or industries
Liquidity risk: Smaller companies may have less trading volume and liquidity compared to larger firms

👤 Best For

This ETF may be suitable for investors seeking exposure to the small and mid-cap equity market with a focus on lower volatility. It could be a component of a diversified portfolio for investors with a moderate risk tolerance and a long-term investment horizon.