FMHI
First Trust Municipal High Income ETF·NASDAQ
--
--(--)
--
--(--)
Key Stats
Assets Under Management
914.04MUSD
Fund Flows (1Y)
141.18MUSD
Dividend Yield
4.16%
Discount/Premium to NAV
-0.02%
Shares Outstanding
18.95M
Expense Ratio
0.70%
About First Trust Municipal High Income ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Nov 1, 2017
Structure
Open-Ended Fund
Index Tracked
--
Management Style
Active
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
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 space—it 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 FMHI's assets may be invested in bonds currently in default and not expected to pay the current coupon (distressed municipal securities).
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.31% | +0.27% | +0.44% | -0.86% | +0.73% | -12.26% |
NAV Total Return | +0.74% | +1.52% | +0.97% | +3.71% | +14.42% | +6.29% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
PUERTO RICO SALES TAX FING CORP 4.329%, due 07/01/2040
0.65%
CHICAGO IL O'HARE INTL ARPT REV 5.50%, due 01/01/2048
0.64%
MOBILE CNTY AL INDL DEV AUTH 4.75%, due 12/01/2054
0.62%
MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/2034
0.55%
PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH 5%, due 07/01/2047
0.52%
DETROIT MI 5%, due 04/01/2050
0.52%
INDIANA ST MUNI PWR AGY Variable rate, due 01/01/2042
0.50%
SAINT LOUIS CNTY MO INDL DEV AUTH 5%, due 09/01/2048
0.48%
PUERTO RICO CMWLTH 4%, due 07/01/2041
0.46%
SPRING VLY ID CMNTY INFRASTRUCTURE DIST 1 6.25%, due 09/01/2053
0.45%
Top 10 Weight 5.39%
686 Total Holdings
Is SPY better than FMHI?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-21 | 2026-01-21 | 2026-01-30 | 0.174 |
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.169 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.169 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.169 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.169 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.167 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.166 |
Show more
How Much Does FMHI Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy FMHI?
Fund Flows
