About First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) is an exchange-traded fund that aims to provide investors with exposure to the small and mid-cap segment of the equity market while managing volatility. The fund seeks to achieve its investment objective by investing in a diverse portfolio of small and mid-cap equities. HSMV utilizes a proprietary quantitative methodology to select securities that have the potential for capital appreciation while managing downside risks. The methodology takes into account various factors such as historical and expected volatility, market capitalization, and sector allocation. This approach allows the fund to dynamically adjust its holdings based on market conditions, potentially providing a smoother ride for investors.

The price history of HSMV reflects the performance of the underlying portfolio of small and mid-cap equities. Over the past year, the fund has experienced fluctuations in its price, reflecting the volatility in the broader equity market. Despite these fluctuations, HSMV has delivered positive returns to investors, highlighting the potential benefits of its managed volatility approach.