Symbols

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

Home Page

http://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=FMHI

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).