FMHI

Fund Description
The First Trust Municipal High Income ETF is an actively managed exchange-traded fund. The Funds primary investment objective will be to seek to provide federally tax-exempt income, and its secondary objective will be long term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes (collectively, "Municipal Securities").
Fund Profile
Fund Name First Trust Municipal High Income ETF
Fund Exchange Ticker FMHI
Fund Sponsor First Trust
Fund ISIN US33739P3010
Net Expense Ratio 0.55 %
Fund Inception Date 1 November 2017
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 18 January 2019
Asset Under Management 35.09 Million (USD)
1 Month Total Return 0.88 %
Year To Date Return 0.33 %
1 Year Total Return 3.13 %
3 Year Annualized Total Return
NAV 50.13
Share Outstanding 700,002
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
IOWA ST FIN AUTH SENIOR HSG REV 5% due 03/01/2028 BOND
NEW HOPE CULTURAL EDU FACS FIN CORP TX N/C 5% due 04/01/2025 BOND
MASSACHUSETTS ST DEV FIN AGY REV 5% due 11/15/2028 BOND
LEANDER TX SPL ASSMNT REVENUE 4.50% due 09/01/2028 BOND
LA VERNIA TX HGR EDU FIN CORP EDU REV 4.35% due 08/15/2025 BOND
CLEVELAND-CUYAHOGA CNTY OH PORT AUTH 5% due 12/01/2028 BOND
BUILD NYC RESOURCE CORP NY SOL 5% due 01/01/2035 BOND
PARK CREEK CO MET DIST REVENUE 5% due 12/01/2034 BOND
NEW JERSEY ST TRANSPRTN TRUSTFUND 5% due 12/15/2030 BOND
GREAT LAKES MI WTR AUTH WTR SPLY SYS 5% due 07/01/2036 BOND