Key stats
About First Trust Horizon Managed Volatility Small/Mid ETF
Expense ratio
0.80%
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Inception date
Apr 6, 2020
HSMV is an actively-managed fund that revolves around modelling and forecasting volatility. Starting with small- and mid-cap companies listed on US exchanges, the fund manager uses a quantitative and rules-based model to forecast the future volatility of individual stocks based on historical pricing data and generated return data. Selected securities are weighted by their volatility forecasts, with the lowest receiving greater weight in the portfolio. The fund rebalances and reallocates periodically at the fund managers discretion, which may result to high portfolio turnover.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region