First Trust Exchange-Traded Fund III - First Trust Horizon Managed Volatility Small/Mid ETF

First Trust Exchange-Traded Fund III - First Trust Horizon Managed Volatility Small/Mid ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It is co-managed by Horizon Investments, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in volatile stocks of companies across diversified market capitalization. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the S&P 1000 Index and the Russell 3000 Index. First Trust Exchange-Traded Fund III - First Trust Horizon Managed Volatility Small/Mid ETF was formed on April 6, 2020 and is domiciled in the United States.