First Trust Horizon Managed Volatility Developed International ETF (HDMV) will be liquidated in January 2027 following board approval of a plan of liquidation and termination.
Shareholders may trade HDMV on the exchange until the end of the trading day on January 8, 2027, which is also the last day for creation and redemption orders before the shares are de-listed. The Fund is scheduled to liquidate on or around January 15, 2027, with remaining shareholders receiving cash equal to net asset value per share after all charges, taxes, expenses and liabilities are provided for. The ETF’s portfolio is expected to shift increasingly into cash and similar instruments around January 8, 2027 and will no longer be managed to its stated investment objective. First Trust Advisors reports approximately $368 billion in assets under management or supervision as of July 31, 2026.
First Trust Advisors has announced that shareholders of the First Trust Horizon Managed Volatility Developed International ETF (HDMV) approved a new investment sub-advisory agreement with Horizon Investments, LLC. This move follows Horizon's acquisition of a majority stake by ACP Horizon Holdings. The transition does not affect the daily operations or portfolio management of the Fund. Horizon manages approximately $6.96 billion in assets as of September 30, 2021. First Trust Advisors, based in Wheaton, Illinois, oversees approximately $210 billion in assets across various investment vehicles.