FMHI
First Trust Municipal High Income ETF
NAV as of
4 Week: 45.28 - 46.88
52 Week: 43.98 - 47.99
Latest Closing Price
46.83
Premium / Discount
0.11
Expense Ratio
0.7%
Investment Objective
The investment seeks 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. 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.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 1.17 | 0.36 | 3.26 |
| 1 Day | -0.11 | 0.00 | 0.00 |
| 1 Week | 0.34 | 0.68 | 0.50 |
| 1 Month | 3.33 | 1.86 | 1.79 |
| 3 Months | 1.08 | 3.66 | 0.29 |
| 6 Months | 0.00 | 4.32 | 0.00 |
| 1 Year | -0.26 | 5.63 | -0.05 |
| 2 Years | -16.58 | 8.00 | -2.07 |
| 3 Years | -12.05 | 8.35 | -1.44 |
| 5 Years | -6.32 | 14.62 | -0.43 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 2.0335 | 10.5756 | 4.0280 | 7.5911 | -14.6500 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 36.0000 | 19.0000 | 41.0000 | 11.0000 | 65.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 20/11/2023 | 29/11/2023 | 0.1575 |
| 23/10/2023 | 30/10/2023 | 0.1575 |
| 21/09/2023 | 28/09/2023 | 0.1575 |
| 21/08/2023 | 30/08/2023 | 0.1555 |
| 20/07/2023 | 30/07/2023 | 0.1545 |
| 26/06/2023 | 29/06/2023 | 0.1545 |
| 22/05/2023 | 30/05/2023 | 0.1525 |
| 20/04/2023 | 27/04/2023 | 0.1525 |
| 23/03/2023 | 30/03/2023 | 0.1525 |
| 21/02/2023 | 27/02/2023 | 0.1525 |
Portfolio Data
Total Number of Holdings: 445
Number of Bond Holdings: 442
Number of Equity Holdings: 0
Total Market Value: 490,076,980
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | GODDARD KANS SALES TAX SPL OBLIG REV 3.6% | 1.7886 | 1,500,000 | 0 | 1,492,185 |
| 2 | OHIO ST AIR QUALITY DEV AUTH REV 3.25% | 1.4811 | 1,200,000 | 0 | 1,235,628 |
| 3 | BROWARD CNTY FLA PORT FACS REV 5% | 1.4635 | 1,000,000 | 0 | 1,220,990 |
| 4 | FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% | 1.4117 | 1,250,000 | 0 | 1,177,788 |
| 5 | WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV 5% | 1.3262 | 1,000,000 | 0 | 1,106,420 |
| 6 | TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE | 1.3221 | 1,000,000 | 0 | 1,103,050 |
| 7 | EVANSVILLE IND MULTIFAMILY HSG REV 5.45% | 1.2638 | 1,000,000 | 0 | 1,054,400 |
| 8 | ALLEGHENY CNTY PA INDL DEV AUTH ENVIRONMENTAL IMPT | 1.2341 | 1,000,000 | 0 | 1,029,620 |
| 9 | UNION CNTY N J IMPT AUTH SOLID WASTE DISP REV 6.75 | 1.2079 | 1,000,000 | 0 | 1,007,770 |
| 10 | PUERTO RICO SALES TAX FING CORP SALES TAX REV | 1.1754 | 1,409,000 | 0 | 980,594 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
442
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 8.14 |
| Average Effective Maturity (Years)* | 16.01 |
| Average Credit Quality | 0 |
| Average Weighted Coupon* | 4.77 |
| Average Weighted Price* | 93.30 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 2.75 |
| AA | 7.95 |
| A | 18.71 |
| BBB | 14.54 |
| BB | 13.73 |
| B | 2.09 |
| Below B | 0.00 |
| Not Rated | 40.23 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 1.44 |
| 3 to 5 Years | 1.58 |
| 5 to 7 Years | 3.66 |
| 7 to 10 Years | 7.18 |
| 10 to 15 Years | 11.24 |
| 15 to 20 Years | 29.42 |
| 20 to 30 Years | 38.43 |
| Over 30 Years | 8.56 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.02 |
| 183 to 364 Days | 0.22 |
Data Source: Morningstar
© 2019 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein:
(2) may not be copied or redistributed except as specifically authorised;
(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
(6) may be drawn from fund data published on various dates.
Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.
