First TrustHigh Yield MuniFMHI · Nasdaq

First Trust Municipal High Income ETF (FMHI)

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Price: $46.35; —11 Sept 2026
Assets: $1B; Total net assets
Expense ratio: 0.49%; Category 0.93%
Yield: 4.41%; Trailing distributions

1Y return: 1.7%+0.3%; Category 1.4%
3Y CAGR: 4.2%-0.4%; Category 4.6%
5Y CAGR: -0.1%+0.3%; Category -0.4%

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First Trust Municipal High Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.8%	-3.0%	-1.4%	-0.4%	+1.7%	+4.2%	-0.1%	—	+2.8%
High Yield Muni average	-2.8%	-3.0%	-1.4%	-0.4%	1.4%	4.6%	-0.4%	1.9%	2.3%
Difference	0.0%	0.0%	-0.1%	0.0%	+0.3%	-0.4%	+0.3%	—	+0.5%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA0.8%
AA9.8%
A14.9%
BBB15.6%
BB14.2%
B1.1%
Other43.6%

Asset mix

Bonds99.4%
Cash0.6%

ETF details

Issuer: First Trust
Category: Fixed Income · High Yield Muni
Ticker: FMHI
Exchange: Nasdaq
Inception: 1 Nov 2017 (8.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.49% (category 0.93%)
Holdings turnover: 38% (category 56%)
Distribution yield: 4.41%
Beta, 3 years: 0.98
Total net assets: $1B
Average duration: 5.02 years
Average maturity: 9.68 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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