First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
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
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Apr 7, 2020
- CIK
- 0001424212
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) is an actively managed exchange-traded fund that seeks capital appreciation by investing at least 80% of its net assets in a portfolio of low-volatility small- and mid-cap U.S. equity securities selected through proprietary volatility forecasting models. The fund holds approximately 150 securities across sectors including financials, utilities, real estate, industrials, consumer staples, and materials; top holdings as of December 2025 include Ellington Financial Inc. (1.73%), Starwood Property Trust Inc. (1.59%), New Jersey Resources Corp. (1.56%), OGE Energy Corp. (1.55%), and Four Corners Property Trust Inc. (1.53%). It provides exposure to mid- and small-capitalization companies that exhibit lower price variability relative to broader markets, targeting financial advisors, institutional investors, and individual investors seeking reduced volatility in the small/mid-cap segment. HSMV operates primarily in the U.S. equity market, with geographic focus on domestic small- and mid-cap stocks traded on major exchanges. The fund is issued by First Trust Exchange-Traded Fund VII and advised by First Trust Advisors L.P., founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee; First Trust manages a broad lineup of over 235 ETFs, unit investment trusts, and separately managed accounts. HSMV itself was launched on April 6, 2020, as part of First Trust's managed volatility ETF suite. Recent developments for HSMV include ongoing portfolio adjustments reflecting market conditions, with total net assets at approximately $27.2 million and shares outstanding around 800,000 as of late 2025; the fund maintains an expense ratio of 0.80% and continues to emphasize active management amid volatile equity environments. First Trust, as issuer, expanded its ETF offerings in 2024-2025 with launches such as the FT Vest Bitcoin Strategy & Target Income ETF (DFII) and others in fixed income and income strategies, alongside regular distribution announcements including monthly payouts for HSMV-aligned funds. No major acquisitions, partnerships, or reorganizations specific to HSMV were reported in the last 1-2 years, though First Trust continues to innovate in actively managed and target outcome ETFs.