Key stats
About First Trust Municipal High Income ETF
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Inception date
Nov 1, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.69%
Cash0.19%
Securitized0.12%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMHI invests in bonds. The fund's major sectors are Municipal, with 99.69% stocks, and Securitized, with 0.12% of the basket. The assets are mostly located in the N/A region.
FMHI last dividends amounted to 0.17 USD. The month before, the issuer paid 0.17 USD in dividends, which shows a 0.60% increase.
Yes, FMHI pays dividends to its holders with the dividend yield of 4.16%. The last dividend (Aug 29, 2025) amounted to 0.17 USD. The dividends are paid monthly.
FMHI shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 1, 2017, and its management style is Active.
FMHI expense ratio is 0.70% meaning you'd have to pay 0.70% of your investment to help manage the fund.
FMHI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMHI invests in bonds.