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FMHI
+0.74 · +1.56%
$48.06 · NASDAQ

First Trust Municipal High Income ETF (FMHI) ETF Analysis | High Yield Muni

First Trust · USA
AUM:$939.2M
#– of – in High Yield Muni ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FMHI returned +4.0% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.70% — moderate cost. Consider how fees compound over long holding periods.

What is FMHI?

Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
FMHI returned 4.0% over the past year.
Moderate Cost
Expense ratio of 0.70%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 3.3% of the ETF — exposure spread across many positions.
ETF Information
AUM$939.2M
Expense Ratio0.70%
Dividend Yield4.17%
Holdings1
Inception DateNov 2017
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta0.95
CategoryHigh Yield Muni
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.3%
1Y
+5.3%
3Y
+13.8%
5Y
+0.3%
OpenBook InsightIf you had invested £10,000 in FMHI 5 years ago, it would have grown to £10,027 — a gain of £27.

Annual Returns

Calendar year performance

FMHI delivered positive returns in 3 of the last 5 calendar years.
YearFMHI
2026 YTD-0.3%
2025+3.7%
2024+5.5%
2023+7.0%
2022-14.6%
CAGR 4yr+0.0%
3/5 positive yearsAvg return: +0.3%Worst year: -14.6% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
4.2%
Low
Momentum
-1.8%
30-day change
Support Level
47.31
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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