Fund Evaluator:
First Trust Municipal High Income ETF (FMHI)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
High Yield Muni
Category
$53.250
NAV (as of Oct 07)
$0.00
Minimum Initial
0.49% D
Expense Ratio
$1,040 Mil
Assets
Open
Status
0.00%
12b-1 Fee
4.41%
TTM Yield
0.00%
Max Load
38%
Portfolio Turnover
Best Performing in High Yield Muni Over the Last Year
| 7.5% | T. Rowe Price High Yield Muncpl Bd (PRFHX) |
| 7.1% | Invesco Rochester® Municipal Opps Y (ORNYX) |
| 7.1% | Thrivent High Yield Municipal Bond S (THMBX) |
| 6.9% | Invesco High Yield Municipal Y (ACTDX) |
| 6.8% | City National Rochdale Muni Hi Inc N (CNRNX) |
Data as of 8/31/2026
-0.4% F
1-Mo Return
-0.9% F
3-Mo Return
1.5% D
YTD Return
6.6% C
1-Yr Return
4.8% D
3-Yr Return
0.3% C
5-Yr Return
0.90 B
Category Risk Index
0.47
Total Risk Index
Fund Details
Fund Family
First Trust
Inception Date
11/1/2017
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg Municipal TR USD: 100%
Additional Fund Details
First Trust Municipal High Income ETF Overview
FMHI Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FMHI Return (NAV) | -0.4% | -0.9% | 6.6% | 4.8% | 0.3% | na |
| FMHI Grade | F | F | C | D | C | na |
| +/- Category | -0.2% | -0.0% | 0.7% | 0.3% | 0.0% | na |
| High Yield Muni Avg | -0.2% | -0.9% | 5.9% | 4.5% | 0.3% | 2.4% |
| FMHI Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
FMHI Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FMHI Return (NAV) | 1.5% | 3.3% | 5.6% | 7.3% | -14.7% | 7.6% | 4.0% | 10.6% | 2.0% | na | na |
| FMHI Grade | D | D | C | C | B | B | C | A | C | na | na |
| +/- Category | 0.2% | 0.8% | 0.4% | 0.5% | -1.5% | 2.1% | 0.2% | 1.4% | 0.0% | na | na |
| High Yield Muni Avg | 1.3% | 2.5% | 5.2% | 6.8% | -13.1% | 5.5% | 3.8% | 9.2% | 2.0% | 8.0% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 5.7% |
| Total Risk Index: | 0.47 - Low |
| Category Risk Index: | 0.90 - Average |
| Category Risk Grade: | C (45% Rank) |
| Beta: | 0.98 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1040 Mil |
| Fund Total Assets: | $1,041 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 38% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.8 years | |||
| Average Tenure: 5.2 years | |||
| Managers (Year): Wilhelm Johnathan (2017), Byron Thomas (2022), O'Leary Shawn (2024) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 763 |
| % in Top 10 Holdings: | 5.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 96.9% |
| Foreign Bond: | 2.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Status: | Open |
| Inception Date: | November 1, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.49% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.97% |
| Share Class: | First Trust Municipal High Income ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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