Key stats
About First Trust Municipal High Income ETF
Expense ratio
0.70%
Home page
Inception date
Nov 1, 2017
ISIN
US33739P3010
FMHI is an actively managed fund that seeks tax-exempt income by focusing on municipal bonds, with capital appreciation as a secondary goal. The fund allows for a wide amount of variety within the municipal spaceit may invest in securities of any duration or maturity. FMHI must invest at least 50% of assets in securities that, at the time of investment, are rated below investment grade. It is worth noting that up to 10% of FMHIs assets may be invested in bonds currently in default and not expected to pay the current coupon (distressed municipal securities).
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.09%
Cash0.56%
Corporate0.35%