FMHI First Trust Municipal High Income ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 47.42 | Day Range | 47.31 – 47.40 |
| 52-Week Range | 46.03 – 48.73 | Volume | 174.21K |
| Avg Volume | 106.94K | AUM | $1.03B (Aug 27, 2026) |
| Expense Ratio | 0.49% | Yield (TTM) | 4.40% |
| NAV | 47.39 | Premium/Discount | -0.06% indicative |
| Inception | Nov 01, 2017 | Holdings | 537 |
| Issuer | First Trust | Exchange | NASDAQ |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 33739P301 | ISIN | US33739P3010 |
| Management | Actively managed (per issuer description) | ||
About this ETF
The First Trust Municipal High Income ETF operates as an actively managed exchange-traded fund. Its primary goal is to generate income that is exempt from regular federal income taxes, with a secondary focus on achieving long-term capital appreciation. Typically, to achieve these aims, the Fund commits a minimum of 80% of its net assets (including any borrowed capital) to municipal debt securities. These are commonly referred to as "Municipal Securities" and are characterized by interest payments that are free from federal income tax.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.75% | -1.33% | -2.35% | -1.19% | +2.47% | +0.83% | -3.46% | — | -0.63% |
| Total return | -0.75% | -0.59% | -0.53% | +1.39% | +6.64% | +5.00% | +0.30% | — | +2.98% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.49% | Annual cost of a $10,000 investment | $49.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 13, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 743 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | PUERTO RICO SALES TAX FING CORP 4.329%, due… | — | 0.58% | 0 | $5.8M |
| 2 | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH 5%, due… | — | 0.58% | 0 | $5.8M |
| 3 | CHICAGO IL O'HARE INTL ARPT REV 5.50%, due… | — | 0.58% | 0 | $5.8M |
| 4 | MOBILE CNTY AL INDL DEV AUTH 4.75%, due… | — | 0.56% | 0 | $5.6M |
| 5 | MOBILE AL INDL DEV BRD POLL CONTROL Variable… | — | 0.50% | 0 | $5.0M |
| 6 | NEW YORK CITY NY MUNI WTR FIN AUTH Variable… | — | 0.47% | 0 | $4.7M |
| 7 | SAINT LOUIS CNTY MO INDL DEV AUTH 5%, due… | — | 0.44% | 0 | $4.4M |
| 8 | TENNESSEE ST ENERGY ACQUISITION CORP 5%, due… | — | 0.42% | 0 | $4.2M |
| 9 | PUERTO RICO CMWLTH 4%, due 07/01/2041 | — | 0.41% | 0 | $4.1M |
| 10 | SPRING VLY ID CMNTY INFRASTRUCTURE DIST 1… | — | 0.41% | 0 | $4.1M |
| 11 | ARKANSAS DEV FIN AUTH ENVIRONMENTAL REV 5.45%… | — | 0.40% | 0 | $4.1M |
| 12 | COLUMBUS OH REGL ARPT AUTH REV 5.50%, due… | — | 0.39% | 0 | $3.9M |
| 13 | MAIN STREET NATURAL GAS INC GA Variable rate… | — | 0.38% | 0 | $3.9M |
| 14 | CHARLOTTE CNTY FL INDL DEV AUTH 4%, due… | — | 0.38% | 0 | $3.8M |
| 15 | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 5.25%… | — | 0.38% | 0 | $3.8M |
| 16 | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH 5.50%… | — | 0.37% | 0 | $3.7M |
| 17 | MEADE CNTY KY INDL BLDG REVENUE Variable rate… | — | 0.36% | 0 | $3.6M |
| 18 | PENNSYLVANIA ST ECON DEV FING AUTH 5.25%, due… | — | 0.36% | 0 | $3.6M |
| 19 | RED BARN MET DIST CO 5.50%, due 12/01/2055 | — | 0.36% | 0 | $3.6M |
| 20 | FIELDS ESTATES PUBLIC INFRASTRCTURE DIST UT… | — | 0.35% | 0 | $3.5M |
| 21 | MARICOPA CNTY INDL DEV AUTH 4%, due 10/15/2047 | — | 0.35% | 0 | $3.5M |
| 22 | PUB FIN AUTH WI TAX INCREMENT REV 5%, due… | — | 0.34% | 0 | $3.4M |
| 23 | AEROTROPOLIS REGL TRANPRTN AUTH CO 5.50%, due… | — | 0.33% | 0 | $3.3M |
| 24 | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH 5%, due… | — | 0.33% | 0 | $3.3M |
| 25 | NEW YORK ST TRANSPRTN DEV CORP 5.25%, due… | — | 0.32% | 0 | $3.2M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.40% | Paid (last 12 months) | $2.0830 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 21, 2026 | Last payment | $0.1780 (Aug 31, 2026) |
| Growth 1Y | +5.79% | Growth 3Y / 5Y (ann.) | +4.57% / +4.77% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Aug 21, 2026 | Aug 21, 2026 | Aug 31, 2026 | $0.1780 |
| Jul 21, 2026 | Jul 21, 2026 | Jul 31, 2026 | $0.1770 |
| Jun 25, 2026 | Jun 25, 2026 | Jun 30, 2026 | $0.1770 |
| May 21, 2026 | May 21, 2026 | May 29, 2026 | $0.1760 |
| Apr 21, 2026 | Apr 21, 2026 | Apr 30, 2026 | $0.1750 |
| Mar 26, 2026 | Mar 26, 2026 | Mar 31, 2026 | $0.1750 |
| Feb 20, 2026 | Feb 20, 2026 | Feb 27, 2026 | $0.1750 |
| Jan 21, 2026 | Jan 21, 2026 | Jan 30, 2026 | $0.1740 |
| Dec 12, 2025 | Dec 12, 2025 | Dec 31, 2025 | $0.1690 |
| Nov 21, 2025 | Nov 21, 2025 | Nov 28, 2025 | $0.1690 |
| Oct 21, 2025 | Oct 21, 2025 | Oct 31, 2025 | $0.1690 |
| Sep 25, 2025 | Sep 25, 2025 | Sep 30, 2025 | $0.1690 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 3.15% / 4.65% | Sharpe 1Y / 3Y | 0.955 / 0.308 |
| Max drawdown 1Y / 3Y | -2.35% / -5.70% | Sortino 1Y | 1.43 |
| Beta vs S&P 500 (3Y) | 0.036 | Correlation vs S&P 500 (1Y) | 0.342 |
| Downside deviation 1Y | 2.10% | Risk-free rate used | 3.71% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 27, 2026. Formulas →
Liquidity
| Volume today | 174.21K | Average volume | 106.94K |
| AUM | $1.03B | Premium/Discount | -0.06% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $364.8K | +0.04% | $1.03B → $1.03B |
| 1 Week | $19.3M | +1.91% | $1.01B → $1.03B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for FMHI
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.