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First Trust Municipal High Income ETF FMHI

Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FMHI

Will FMHI outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A tax-exempt offering with a healthy serving of credit risk.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

First Trust Municipal High Income ETF's FMHI growing resources are encouraging, but the strategy still lacks the research breadth of larger competitors, especially given its high-yield municipal credit mandate. This supports a Morningstar Analyst Rating of Neutral.

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Portfolio Holdings FMHI

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Interest/Overdraft

2.19 12.3 Mil
Cash and Equivalents

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.85 10.3 Mil
municipal

MEADE CNTY KY INDL BLDG REV 4.2%

1.36 7.6 Mil
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%

1.19 6.7 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

0.80 4.5 Mil
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 3.6%

0.79 4.4 Mil
municipal

MISSISSIPPI BUSINESS FIN CORP MISS SOLID WASTE DISP REV 3.75%

0.79 4.4 Mil
municipal

BARTOW CNTY GA DEV AUTH SOLID WASTE DISP FAC REV 3.6%

0.77 4.3 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.25%

0.70 3.9 Mil
municipal

CHICAGO ILL BRD ED 5%

0.67 3.7 Mil
municipal