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First Trust Municipal High Income ETF FMHI

Morningstar Medalist Rating
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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMHI’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMHI management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMHI’s parent organization’s priorities and whether they’re in line with investors’ interests.

Experienced managers lead this active high-yield tax-exempt ETF.

null Ken Noguchi

Ken Noguchi

Summary

First Trust Municipal High Income ETF’s experienced managers and researchers execute a straightforward process, and the strategy’s higher-than-peers non-investment-grade stakes differentiate it from rivals.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings FMHI

More FMHI Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MEADE CNTY KY INDL BLDG REV 4.1%

1.19 7.6 Mil
municipal

MISSISSIPPI BUSINESS FIN CORP MISS SOLID WASTE DISP REV 3.75%

1.03 6.6 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.90 5.8 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

0.70 4.5 Mil
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 3.85%

0.69 4.4 Mil
municipal

Cash

0.66 4.3 Mil
Cash and Equivalents

SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO SPL ASSMT 6.25%

0.65 4.2 Mil
municipal

BLACK DESERT PUB INFRASTRUCTURE DIST UTAH SPL ASSMT 5.625%

0.64 4.1 Mil
municipal

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

0.61 3.9 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.25%

0.61 3.9 Mil
municipal