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First Trust Horizon Managed Volatility Small/Mid ETF
HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) is an active US Equity ETF by First. With a 0.80% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 1.87% yield.
HSMV is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.80% MER reflects the costs of a more specialized management approach.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).