FMHIFirst Trust Municipal High Income ETF

Get income8y track recordRanked #446 of 1,622 in this goal

The Fund's primary objective is to provide federally tax-exempt income and long-term capital appreciation.

By First Trust · Launched 2017

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$976M

#1,132 of 5,562 · large

Dividend YieldGoal

4.26%

Track Record

8 years

#1,640 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,805+8.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

What it actually holds

By weight

Concentration

Top 10 holdings = 5.4% of fund✓ well diversified

PUERTO RICO SALES TAX FING COR

0.6%

CHICAGO IL O'HARE INTERNATIONA

0.6%

MOBILE CNTY AL INDL DEV AUTH S

0.6%

MOBILE AL INDL DEV BRD POLL CO

0.6%

PUERTO RICO CMWLTH AQUEDUCT &

0.5%

DETROIT MI

0.5%

INDIANA ST MUNI PWR AGY

0.5%

SAINT LOUIS CNTY MO INDL DEV A

0.5%

SPRING VLY CMNTY INFRASTRUCTUR

0.5%

PUERTO RICO CMWLTH

0.5%

Asset allocation

Bonds

98.7%

Cash

1.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.1%Low

Year-on-year price swings

Max drawdown

-18.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.39Below average

Sortino (3Y)

0.53Moderate downside risk

Bond profile

Duration

5.0 years

Avg maturity

9.9 years

Credit ratings

AAA

0.6%

9.1%

14.1%

BBB

18.2%

13.0%

0.9%

Other

44.1%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: The Fund's primary objective is to provide federally tax-exempt income and long-term capital appreciation.
Strategy: Invests at least 80% of net assets in municipal debt securities exempt from federal income taxes. Focuses on high yield, including bonds rated below investment grade and distressed securities. May invest in derivatives. Limits investment in investment-grade securities to 50%.
Inception date: November 1, 2017
Fund family: First Trust