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Launched · SEC filings

First Trust Horizon Managed Volatility Developed International ETF

HDMVNYSE ArcaFirst TrustD

$38.36−0.33 (−0.85%)

At close: Nov 5, 2026, 4:00 PM ET

D40/ 100

Rank 36 of 56 in International Active Equity

D40/100Rank 36 of 56inInternational Active Equity
Intraday session: down, 75 prints from 38.69 to 38.36. Range 38.36 to 38.76. Use the arrow keys to read each point.38.5038.6010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$15M
1Y total return
+16.0%
Yield · Last 12 months
4.57%
Holdings
157
Avg volume · 30D
786 sh
52W range
low $34.27high $39.53
Launched
Filings
SEC EDGAR

The ETF.net HDMV Grade

Based on 5 of 6 pillars

D

Score 40 out of 100

Category
International Active Equity⁠
Rank
36 of 56
Six-pillar profile for HDMV. Scores out of 100: Cost 19, Risk 87, Mission not scored, Tradability 16, Holdings 58, Durability 64. Strongest: Risk (87). Weakest: Tradability (16). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 44 of 56

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A87 out of 100
    Rank 1 of 56

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F16 out of 100
    Rank 54 of 56

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 26 of 52

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 21 of 56

Our read on HDMV

ETF.net Research

In short

DAn active spin on the calm-stocks trade. Rather than tracking a low-vol index, the managers hand-pick developed-market shares and depositary receipts screened for low expected future volatility.

Stated mandate

The Fund seeks capital appreciation through an actively managed portfolio of developed-market common stocks and depositary receipts selected for low expected volatility.

Why people hold it

  • Forward-looking by design: holdings are chosen on expected volatility, not just a backward glance at which stocks were quiet last year.
  • Spread across roughly 160 developed-market stocks and depositary receipts, so no single name carries the portfolio.
  • Live since 2016, a real-world track record for an active strategy rather than a freshly launched idea.
  • Pays on a quarterly schedule, and the mandate is capital appreciation first, not income.

Worth knowing

  • At 0.80% a year, the fee sits above the typical international active fund, and index-built rivals like AVDE and DFIC charge closer to a quarter point.
  • A small fund that trades lightly. Spreads can widen, so limit orders do more work here than with the giants of the category.
  • Low-volatility screens aim to soften the ride, not remove it. The same tilt that damps drops can leave the fund behind in sharp rallies.

HDMV Holdings

Holdings pillarB58 out of 100Rank 26 of 52 in International Active Equity
Asset class
Stocks
Holdings
157
Top-10 weight
18%
Largest holding
0002.HK2.1%

Sectors

  • Financials31.5%
  • Utilities16.6%
  • Real Estate13.9%
  • Consumer Staples10.8%
  • Industrials10.8%
  • Communication9.0%
  • Consumer Discretionary2.6%
  • Health Care2.2%
  • Materials1.7%
  • Technology0.7%

Geography

  • Japan14.35%
  • Singapore10.93%
  • Switzerland9.48%
  • Hong Kong8.10%
  • France7.80%
  • Australia7.43%
  • United Kingdom6.52%
  • Netherlands5.32%
  • Other countries (10)30.06%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
10002.HKCLP Holdings Limited2.06%30,821$316K103
2TRYG.COTryg A/S2.03%12,588$311K109
3No dataCapitaLand Integrated Commercial Trust1.89%158,200$290K2
4GBLB.BRGroupe Bruxelles Lambert S.A.1.84%3,188$283K79
5No dataCapitaLand Ascendas REIT1.80%155,100$277K1
6IBE.MCIberdrola S.A.1.74%10,485$267K172
70003.HKThe Hong Kong and China Gas Company Limited1.71%277,466$262K98
8TLS.AXTelstra Group Ltd1.70%73,404$260K123
90006.HKPower Assets Holdings Limited1.66%30,928$255K98
109432.TNTT Inc.1.52%225,000$234K120
11ASRNL.ASASR Nederland N.V.1.49%2,600$229K116
12SPSN.SWSwiss Prime Site AG1.37%1,283$210K93
13SRG.MISnam SpA1.32%28,909$203K111
14No dataDBS Group Holdings Limited1.31%3,630$202K3
15GET.PAGetlink SE1.29%8,689$198K96

Showing 1–15 of 157 holdings

HDMV Performance

Launched Aug 24, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HDMV$11,598
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. HDMV $11,598. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HDMV. Periods over one year show the average yearly return.
PeriodHDMV
Year to date+12.5%
1 month+7.0%
3 months+0.2%
1 year+16.0%
3 yearsper year+16.7%
5 yearsper year+7.6%
10 yearsper year+6.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HDMV
YearReturn barHDMV
2026 YTD+12.5%
2025+29.3%
2024+3.0%
2023+9.6%
2022−11.5%
2021+7.4%
2020−9.4%

HDMV in the news

HDMV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
4.57%Last 12 months
Payout per share
$1.75Last 12 months
Last payment
$0.77 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.05; Jun 22, 2017 $0.50; Sep 21, 2017 $0.47; Dec 21, 2017 $0.08; Mar 22, 2018 $0.0096; Jun 21, 2018 $0.54; Sep 14, 2018 $0.21; Dec 18, 2018 $0.13; Mar 21, 2019 $0.11; Jun 14, 2019 $0.41; Sep 25, 2019 $0.29; Dec 13, 2019 $0.43; Jun 25, 2020 $0.13; Sep 24, 2020 $0.10; Dec 24, 2020 $0.22; Mar 25, 2021 $0.04; Jun 24, 2021 $0.58; Sep 23, 2021 $0.27; Dec 23, 2021 $0.10; Mar 25, 2022 $0.02; Jun 24, 2022 $0.50; Sep 23, 2022 $0.31; Dec 23, 2022 $0.13; Mar 24, 2023 $0.15; Jun 27, 2023 $0.35; Sep 22, 2023 $0.27; Dec 22, 2023 $0.14; Mar 21, 2024 $0.09; Jun 27, 2024 $0.42; Sep 26, 2024 $0.32; Dec 13, 2024 $0.10; Mar 27, 2025 $0.07; Jun 26, 2025 $0.74; Sep 25, 2025 $0.56; Dec 12, 2025 $0.42; Jun 25, 2026 $0.56; Sep 24, 2026 $0.77. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.77
Jun 25, 2026Jun 30, 2026$0.56
Dec 12, 2025Dec 31, 2025$0.42
Sep 25, 2025Sep 30, 2025$0.56
Jun 26, 2025Jun 30, 2025$0.74
Mar 27, 2025Mar 31, 2025$0.07
Dec 13, 2024Dec 31, 2024$0.10
Sep 26, 2024Sep 30, 2024$0.32
Jun 27, 2024Jun 28, 2024$0.42
Mar 21, 2024Mar 28, 2024$0.09
Dec 22, 2023Dec 29, 2023$0.14
Sep 22, 2023Sep 29, 2023$0.27

See all 38 payments⁠

$10,000 in HDMV 10 years ago paid $3,829 in dividends.⁠

HDMV Risk

Risk pillarA87 out of 100Rank 1 of 56 in International Active Equity
How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.03
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.3%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.63
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HDMV Cost

Compare HDMV and TACN

Overpaying vs TACN, cheapest in International Active Equity

$15,346

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HDMV 0.80%

    $15,346

  • TACN 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • HDMV 0.80%
  • TACN 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HDMV $15,346TACN $0

Year by year

YearHDMVTACNOverpaying
10$1,422$0$1,422
20$5,393$0$5,393
30$15,346$0$15,346

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