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First Trust Municipal High Income ETF FMHI

Analyst rating as of

Morningstar’s Analysis FMHI

Will FMHI outperform in future?

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

High risk and change in leadership lead to a pause.

Summary

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An experienced and growing muni cohort is behind First Trust Municipal High Income ETF FNHI, but the upcoming retirement of its lead manager, coupled with the strategy’s proclivity to take on significant amounts of nonrated debt and credit risk, warrant a Morningstar Analyst Rating of Neutral.

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