FMHI: First Trust Municipal High Income ETF - MutualFunds.com
Continue to site >
Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$56.41

-

2.92%

$1.65

0.55%

Vitals

YTD Return

5.1%

1 yr return

12.1%

3 Yr Avg Return

7.3%

5 Yr Avg Return

N/A

Net Assets

$296 M

Holdings in Top 10

11.8%

52 WEEK LOW AND HIGH

$56.42
$51.66
$56.91

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 89.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

High Yield Muni


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$56.41

-

2.92%

$1.65

0.55%

FMHI - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.22%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Municipal High Income ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Nov 02, 2017
  • Shares Outstanding
    5250002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    J. Thomas Futrell

Fund Description

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. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.


FMHI - Performance

Return Ranking - Trailing

Period FMHI Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -1.4% 6.2% 3.14%
1 Yr 12.1% 0.4% 16.9% 7.14%
3 Yr 7.3%* 2.3% 9.6% 11.57%
5 Yr N/A* 2.0% 7.6% N/A
10 Yr N/A* 3.7% 9.2% N/A

* Annualized

Return Ranking - Calendar

Period FMHI Return Category Return Low Category Return High Rank in Category (%)
2020 0.8% -10.1% 4.2% 41.01%
2019 6.6% -0.7% 9.1% 16.51%
2018 -1.0% -5.7% 95.6% 23.20%
2017 N/A -0.7% 8.6% N/A
2016 N/A -6.7% -0.8% N/A

Total Return Ranking - Trailing

Period FMHI Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -1.4% 6.2% 3.14%
1 Yr 12.1% 0.4% 16.9% 5.36%
3 Yr 7.3%* 2.3% 9.6% 9.72%
5 Yr N/A* 2.0% 7.6% N/A
10 Yr N/A* 3.7% 9.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FMHI Return Category Return Low Category Return High Rank in Category (%)
2020 0.8% -10.1% 4.2% 41.01%
2019 6.6% -0.7% 9.1% 16.51%
2018 -1.0% -5.7% 4.2% 28.87%
2017 N/A -0.7% 9.8% N/A
2016 N/A -6.3% 1.1% N/A

FMHI - Holdings

Concentration Analysis

FMHI Category Low Category High FMHI % Rank
Net Assets 296 M 10.6 K 24.3 B 76.89%
Number of Holdings 346 3 3864 62.83%
Net Assets in Top 10 19.9 M -38.8 M 3.28 B 90.27%
Weighting of Top 10 11.75% 1.1% 100.0% 63.72%

Top 10 Holdings

  1. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  2. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  3. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  4. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  5. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  6. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  7. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  8. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  9. Ultra 10 Year US Treasury Note Future Dec 20 5.80%
  10. Ultra 10 Year US Treasury Note Future Dec 20 5.80%

Asset Allocation

Weighting Return Low Return High FMHI % Rank
Bonds
95.35% 0.00% 140.95% 74.34%
Cash
4.66% -3.98% 99.53% 23.01%
Stocks
0.00% -0.15% 3.85% 97.35%
Preferred Stocks
0.00% -41.33% 0.33% 96.02%
Other
0.00% -0.25% 99.99% 96.46%
Convertible Bonds
0.00% 0.00% 0.00% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High FMHI % Rank
Municipal
95.46% 0.00% 100.00% 69.03%
Cash & Equivalents
4.54% 0.00% 100.00% 27.88%
Derivative
0.00% 0.00% 1.12% 100.00%
Securitized
0.00% 0.00% 18.80% 100.00%
Corporate
0.00% 0.00% 4.18% 100.00%
Government
0.00% 0.00% 0.39% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High FMHI % Rank
US
93.21% 0.00% 134.92% 34.51%
Non US
2.14% 0.00% 16.03% 81.42%

FMHI - Expenses

Operational Fees

FMHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.05% 2.86% 87.08%
Management Fee 0.70% 0.00% 1.00% 93.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

FMHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FMHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMHI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 7.00% 314.00% 90.83%

FMHI - Distributions

Dividend Yield Analysis

FMHI Category Low Category High FMHI % Rank
Dividend Yield 2.92% 0.00% 0.25% 0.44%

Dividend Distribution Analysis

FMHI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMHI Category Low Category High FMHI % Rank
Net Income Ratio 3.22% 0.75% 6.78% 60.99%

Capital Gain Distribution Analysis

FMHI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FMHI - Fund Manager Analysis

Managers

J. Thomas Futrell


Start Date

Tenure

Tenure Rank

Nov 02, 2017

3.83

3.8%

J. Thomas Futrell, CFA was born in 1955. Mr. Futrell earned a B.A. in Economics from Wheaton College and an M.B.A. from Northern Illinois University. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Futrell held various positions in portfolio management and research. Mr. Futrell earned the Chartered Financial Analyst (CFA) charter designation in 1989. The CFA charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.

Johnathan Wilhelm


Start Date

Tenure

Tenure Rank

Nov 02, 2017

3.83

3.8%

Johnathan N. Wilhelm was born in 1966. Mr. Wilhelm earned a B.S. in Business from Miami University of Ohio and has a J.D. from DePaul University College of Law. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Wilhelm held various positions in portfolio management and credit research.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 23.44 7.29 1.78