FMHIFirst Trust Municipal High Income ETF
Seeks to provide federally tax-exempt income and long-term capital appreciation.
By First Trust · Launched 2017
Annual Cost
0.49%
#2,575 of 6,040 · average
Fund Size
$1.0B
#1,158 of 6,040 · large
Return (1Y)
+1.4%
Track Record
8 years
#1,625 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,133+1.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaHoldings
By weightConcentration
Top 10 holdings = 5.1% of funddiversified
CHICAGO ILL O HARE INTL ARPT
0.6%
PUERTO RICO SALES TAX FINANCING CORP
0.6%
PUERTO RICO AQUEDUCT AND SEWER AUTHORITY
0.6%
MOBILE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (AL)
0.6%
MOBILE INDUSTRIAL DEVELOPMENT BOARD (AL)
0.5%
ST. LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MO)
0.5%
PUBLIC FINANCE AUTHORITY (WI)
0.4%
SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO
0.4%
PUERTO RICO, COMMONWEALTH OF
0.4%
ARKANSAS DEVELOPMENT FINANCE AUTHORITY (AR)
0.4%
Asset allocation
Bonds
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.2%Low
Year-on-year price swings
Max drawdown
-18.8%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.08Below average
Sortino (3Y)
0.11Moderate downside risk
Bond profile
Duration
5.0 years
Avg maturity
9.7 years
Credit ratings
AAA
0.8%
AA
9.8%
A
14.9%
BBB
15.6%
BB
14.2%
B
1.1%
Other
43.6%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to provide federally tax-exempt income and long-term capital appreciation.
- Strategy
- Invests primarily in municipal debt securities that pay interest exempt from federal income taxes, targeting at least 80% in high-yield municipal securities rated below investment grade. Focuses on U.S. states and territories, aiming for both tax-exempt income and capital appreciation.
- Inception date
- November 1, 2017
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18