First Trust Horizon Managed Volatility Developed International ETF
HDMV
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 29, 2016
- CIK
- 0001424212
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Horizon Managed Volatility Developed International ETF (HDMV), a series of First Trust Exchange-Traded Fund III, is an actively managed exchange-traded fund that seeks capital appreciation by investing at least 80% of its net assets in common stocks and depositary receipts of developed market companies listed on non-U.S. exchanges exhibiting low future expected volatility; the strategy employs quantitative volatility forecasting models to select and weight 100-400 large- and mid-cap securities from a pre-screened universe, targeting at least three countries and 40% non-U.S. exposure across regions including the Eurozone, developed Asia, Japan, Europe ex-Euro, and Australasia; portfolio construction emphasizes lower-volatility holdings with periodic rebalancing to capture upside in rising markets while mitigating downside risk. The fund, launched on August 24, 2016, and traded on NYSE Arca, is managed by First Trust Advisors L.P., founded in 1991 and headquartered in Wheaton, Illinois, with co-management by sub-advisor Horizon Investments, LLC; portfolio managers include Scott Ladner, Michael Dickson, and Steven Clark, who utilize rules-based quantitative analysis supplemented by discretion on holdings and weightings. As of late 2025, HDMV maintains assets under management of approximately $23 million, a net expense ratio of 0.80%, and significant allocations to financial companies, Asian issuers, and European issuers; it targets institutional and retail investors seeking managed volatility exposure in foreign large value equities, benchmarked against the MSCI EAFE Index. Recent developments include a quarterly distribution declaration of $0.4244 per share in December 2025, reflecting ongoing income generation amid portfolio turnover of 79% in the latest fiscal year; the prospectus update dated December 2, 2024, reaffirmed investment strategies amid current market conditions such as interest rate adjustments and geopolitical tensions, with no reported acquisitions, partnerships, funding rounds, or structural changes in 2024-2025.