First Trust Horizon Managed Volatility Small/Mid ETF HSMV
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HSMV Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Horizon Managed Volatility Small/Mid ETF is classified as not halal.
NOT HALAL
Is First Trust Horizon Managed Volatility Small/Mid ETF Halal?
Shariah Compliance Analysis of HSMV ETF
US Equity Extended Market No. As of September 2026, First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Horizon Managed Volatility Small/Mid ETF does not pass Musaffa's business and financial screening criteria.
HSMV was created on 2020-04-06 by First Trust. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 28.78m in AUM and 152 holdings. HSMV is an active fund of small- and mid-cap US stocks selected based on volatility forecast.
First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) Chart
Key Statistics of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Industrials21.99%
- Financials17.32%
- Real Estate14.95%
- Utilities9.10%
- Consumer Discretionary8.65%
- Information Technology6.79%
- Health Care6.66%
- Consumer Staples6.45%
- Materials5.33%
- Communication Services1.39%
- Energy1.06%
- Other0.31%
FAQ's for First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)
- As of September 2026, First Trust Horizon Managed Volatility Small/Mid ETF HSMV is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes First Trust Horizon Managed Volatility Small/Mid ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Horizon Managed Volatility Small/Mid ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
- Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
- You can check the latest Shariah compliance status of First Trust Horizon Managed Volatility Small/Mid ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.