HDMV: FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF
What this ETF is trying to do
The FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF (HDMV) is an exchange-traded fund that focuses on companies in developed international markets. This means it invests in businesses located in countries outside of the United States that are considered "developed" economies.
What the numbers show
As of October 5, 2026, the current price of one share is $35.85. An estimated price from roughly one year ago was $34.80.
When looking at how this ETF has performed, it is important to understand two different measurements: price return and total return.
• Price return only measures how much the share price itself has moved up or down.
• Total return measures the overall change, including both the share price movement and any cash distributions paid to investors.
For HDMV, the total return is higher than the price return because of the cash it pays out. For example:
• One-Year Return: The price return was 3.01%, while the total return was 8.08%.
• Year-to-Date (YTD) Return: The price return was 1.46%, while the total return was 5.17%.
• Three-Year Return: The price return was 34.56%, while the total return was 52.30%.
Income and distribution explanation
This ETF provides cash to investors through distributions. The current distribution yield is 4.89%. This number describes the cash distributions relative to the ETF's price. Over the last 12 months, the ETF made three distributions. These payments are described as "irregular," meaning they do not happen on a regular, predictable schedule.
NAV erosion explanation
Some investors watch for "NAV erosion." NAV (Net Asset Value) is the actual value of all the assets held inside the ETF. NAV erosion happens when that underlying value declines.
HDMV has an erosion-risk score of 94, which is labeled as "Stable / sideways." The severity is rated as "good," and there is no severe erosion-risk flag. This suggests the fund's price trend and asset value have been relatively stable.
Top Holdings
The following are some of the top holdings in this portfolio. Please note that these are only the largest holdings, and the full list can change over time:
• CLP HOLDINGS LTD (2.05%)
• TRYG AS (1.92%)
• CAPITALAND ASCENDAS REIT UNITS (1.89%)
• CAPITALAND INTEGRATED COMMERCIAL TRUST (1.87%)
• GROUPE BRUXELLES LAMBERT SA (1.83%)
Pros and Cons
Pros:
• The ETF has shown positive total returns over the last one, three, and five years.
• It has a stable erosion-risk score.
Cons:
• Cash distributions are irregular and less frequent.
Beginner takeaway
When looking at an ETF like HDMV, remember that the share price is only part of the story. Because this fund pays out cash, the total return gives a more complete picture of how the investment performed. Also, while a distribution yield shows how much cash is paid out, it is not the same as the total return.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | CLP HOLDINGS LTD | n/a | 2.05% |
| 2 | TRYG AS | n/a | 1.92% |
| 3 | CAPITALAND ASCENDAS REIT UNITS | n/a | 1.89% |
| 4 | CAPITALAND INTEGRATED COMMERCIAL TRUST | n/a | 1.87% |
| 5 | GROUPE BRUXELLES LAMBERT SA | n/a | 1.83% |
| 6 | NTT INC | n/a | 1.70% |
| 7 | HONG KONG AND CHINA GAS CO LTD | n/a | 1.69% |
| 8 | TELSTRA GROUP LTD | n/a | 1.69% |
| 9 | IBERDROLA SA | n/a | 1.64% |
| 10 | POWER ASSETS HOLDINGS LTD | n/a | 1.60% |