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 21 March 2019
Asset Under Management 43.15 Million (USD)
1 Month Total Return 1.39 %
Year To Date Return 2.94 %
1 Year Total Return 5.91 %
3 Year Annualized Total Return
NAV 50.77
Share Outstanding 850,002
Top 10 Holdings (21 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
CHICAGO IL O'HARE INTL ARPT REV 5% due 01/01/2037 BOND
MAIN STREET NATURAL GAS INC GA 5% due 05/15/2030 BOND
LANCASTER CNTY PA HOSP AUTH 5% due 12/01/2032 BOND
PUBLIC FIN AUTH WI RETMNT FAC REV 4% due 03/01/2027 BOND
HILLSIDE IL TAX INCR REVENUE 5% due 01/01/2024 BOND
CALIFORNIA ST POLL CONTROL FIN 7.50% due 12/01/2040 BOND
CALIFORNIA ST MUNI FIN AUTH CHRTR SCH REV 5.50% due 06/01/2038 BOND
SAINT PAUL MN HSG & REDEV AUTH Variable rate due 05/01/2021 BOND
HACKBERRY TX SPL ASSMNT REVENUE 4.125% due 09/01/2027 BOND
GRAYS HARBOR CNTY WA PUBLIC HOSP DIST 1 3% due 08/01/2019 BOND