Morningstar

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 the 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.

An active high-yield muni ETF looking for an edge.

Associate Analyst Rafael Ramirez

Rafael Ramirez

Associate Analyst

Summary

First Trust Municipal High Income ETF’s research capabilities are sufficient, but the team’s willingness to take more risks than most high-yield muni Morningstar Category peers doesn’t always pay off.

by Rafael Ramirez
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 4.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

0.91 9M
Cash and Equivalents

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.85%

0.85 9M
municipal

LOUISVILLE & JEFFERSON CNTY KY REGL ARPT AUTH SPL FACS REV 0.9%

0.80 8M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

0.55 6M
municipal

CHICAGO ILL O HARE INTL ARPT REV 5.5%

0.54 6M
municipal

ATLANTA GA ARPT REV 5.5%

0.54 5M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25%

0.51 5M
municipal

MOBILE ALA INDL DEV BRD POLLUTN CTL REV 0.93%

0.49 5M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 4%

0.46 5M
municipal

MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV 5%

0.45 5M
municipal

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