First Trust Municipal High Income ETF (FMHI)

NASDAQ: FMHIExchange-traded fund from First Trust.

  • Expense ratio0.73%
  • Net assets$1.02B
  • Dividend yield4.73%
  • 1-year return-1.43%
  • Holdings1

FMHI ETF price chart

FMHI quote & trading statistics

FMHI performance

Annual returns & drawdowns →
  • YTD-1.95%
  • 1 year-1.43%
  • 3 years+5.16%/yr
  • 5 years-0.13%/yr
  • 10 years0.00%/yr
1Y volatility
6.47%
3Y volatility
6.43%
3Y Sharpe ratio
-0.05

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

FMHI holdings

#SymbolNameWeight
1TNM23TNM233.25%

This holding makes up 3.2% of the fund. As of October 23, 2026.

FMHI asset allocation

Bonds
99.5%
Cash
0.5%

About First Trust Municipal High Income ETF

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 ETF FAQ

What is the FMHI expense ratio?

First Trust Municipal High Income ETF has a net expense ratio of 0.73%, or $73.00 a year for every $10,000 invested.

How much money is in FMHI?

First Trust Municipal High Income ETF has about $1.02B in net assets.

What are the top holdings of FMHI?

The largest positions in FMHI are TNM23 (3.25%). The fund holds 1 securities in total.

How has FMHI performed?

FMHI returned -1.43% over the past year and -0.13% a year over the past five years, including reinvested distributions.

Does FMHI pay dividends?

FMHI has a dividend yield of 4.73%.

When was FMHI launched?

First Trust Municipal High Income ETF began trading on November 1, 2017.