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.
First Trust Municipal High Income ETF FMHI
Morningstar’s Analysis FMHI
Will FMHI outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 5.1
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | 0.61 | 6M | municipal |
CHICAGO ILL O HARE INTL ARPT REV 5.5% | 0.61 | 6M | municipal |
PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | 0.60 | 6M | municipal |
MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV 4.75% | 0.59 | 6M | municipal |
MOBILE ALA INDL DEV BRD POLLUTN CTL REV 3.23% | 0.52 | 5M | municipal |
ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV 5% | 0.46 | 4M | municipal |
PUERTO RICO COMWLTH 4% | 0.43 | 4M | municipal |
SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO SPL ASSMT 6.25% | 0.43 | 4M | municipal |
ARKANSAS ST DEV FIN AUTH ENVIRONMENTAL IMPT REV 5.45% | 0.42 | 4M | municipal |
COLUMBUS OHIO REGL ARPT AUTH REV 5.5% | 0.41 | 4M | municipal |
United States