First Trust Horizon Managed Volatility Domestic ETF (HUSV) is an actively managed exchange-traded fund that seeks to provide investment results tracking large-cap U.S. equities with managed volatility characteristics by investing at least 80% of its net assets in common stocks of domestic companies listed on U.S. exchanges; it employs quantitative volatility forecasting models to select and weight approximately 75-77 holdings, primarily from large capitalization companies exhibiting lower price volatility, with significant exposure to sectors including technology, financials, industrials, utilities, and consumer staples such as Cisco Systems Inc., Teledyne Technologies Inc., Evergy Inc., Roper Technologies Inc., and Microsoft Corp. The fund benchmarks its performance against the S&P 500 Index while aiming for reduced volatility through systematic portfolio construction focused on mid- and large-cap value stocks domiciled in the United States.
Launched on August 24, 2016, and domiciled in the United States, HUSV trades on the NYSE Arca exchange and is issued and advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., with headquarters in Wheaton, Illinois; it targets long-term investors seeking equity exposure with downside risk mitigation in the large value Morningstar category. The fund maintains assets under management of approximately $97.65 million, an expense ratio of 0.70%, and a dividend yield of 1.28% paid quarterly.
In recent developments, shareholders approved a new sub-advisory agreement for the fund during a special meeting, reflecting ongoing portfolio management enhancements; a related special shareholder meeting for HUSV and its international counterpart was adjourned to facilitate these changes, with no major acquisitions, funding rounds, or product launches reported in the last 1-2 years. The fund continues to operate without significant strategic shifts, name changes, or reorganizations, maintaining its core focus on U.S. domestic large-cap low-volatility equities amid stable market conditions as of late 2025.