FMHI

First Trust Municipal High Income ETF

First Trust · Bonds & Cash

$46.07▲ +0.3% last session▼ −0.2% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▲ +0.3%	▲ +2.7%	▼ −2.4%	▼ −0.6%	▼ −0.3%	▲ +17.8%	▲ +0.9%	▲ +26.9%
Peer average	▲ +0.1%	▲ +2.7%	▼ −0.9%	▼ −0.2%	▲ +0.1%	▲ +13.9%	▲ +1.9%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in FMHI

What’s in this fund

FMHIFirst Trust Municipal High Income ETF

770 holdings

As of Oct 30, 2026

Everything else67.5%

US Dollar2.1%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 of 770 · as of Oct 30, 2026

1—US Dollar2.05%

2—NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/20410.81%

3—LOUISVILLE & JEFFERSON CNTY KY REGL ARPT AUTH Variable rate, due 01/01/20290.76%

4—CHICAGO IL O'HARE INTL ARPT REV 5.50%, due 01/01/20510.67%

5—PUERTO RICO SALES TAX FING CORP 4.329%, due 07/01/20400.52%

6—ATLANTA GA ARPT REVENUE 5.50%, due 07/01/20510.52%

7—PUB FIN AUTH WI TAX INCREMENT REV 5%, due 06/01/20410.49%

8—PENNSYLVANIA ST ECON DEV FING AUTH 5.25%, due 06/30/20530.49%

9—MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/20340.47%

10—ILLINOIS ST 5.50%, due 03/01/20470.45%

11—PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH 4%, due 07/01/20470.44%

12—MOBILE CNTY AL INDL DEV AUTH SOL WST DISP 5%, due 06/01/20540.42%

13—SAINT LOUIS CNTY MO INDL DEV AUTH 5%, due 09/01/20480.39%

14—ARKANSAS DEV FIN AUTH ENVIRONMENTAL REV 5.70%, due 05/01/20530.38%

15—SPRING VLY ID CMNTY INFRASTRUCTURE DIST 1 6.25%, due 09/01/20530.37%

16—EFFINGHAM CNTY GA INDL DEV AUTH Variable rate, due 02/01/20380.37%

17—ARKANSAS DEV FIN AUTH ENVIRONMENTAL REV 5.45%, due 09/01/20520.37%

18—PUERTO RICO CMWLTH 4%, due 07/01/20410.36%

19—COLUMBUS OH REGL ARPT AUTH REV 5.50%, due 01/01/20500.36%

20—MAIN STREET NATURAL GAS INC GA Variable rate, due 09/01/20530.35%

Go deeper

Prospectus & documentsRead the official filings

Fund factsStructure & strategy

Issuer: First Trust
Inception: 2017-11-01
Exchange: NASDAQ
CUSIP: 33739P301
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

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.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $45.96
NAV provider updated: 2026-10-29 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 435.1K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 4.6%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-21

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-21	2026-10-30	$0.18
2026-09-24	2026-09-30	$0.18
2026-08-21	2026-08-31	$0.18
2026-07-21	2026-07-31	$0.18
2026-06-25	2026-06-30	$0.18
2026-05-21	2026-05-29	$0.18
2026-04-21	2026-04-30	$0.18
2026-03-26	2026-03-31	$0.18
2026-02-20	2026-02-27	$0.18
2026-01-21	2026-01-30	$0.17
2025-12-12	2025-12-31	$0.17
2025-11-21	2025-11-28	$0.17

Fees & costsWhat ownership costs

Net expense ratio: 0.49%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $49.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 2/5 · rule-based
Annualized volatility · 1Y: 4.09%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −7.4%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind FMHI.

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