First Trust Municipal High Income ETF (FMHI)
FMHI is an actively managed ETF by First Trust. FMHI launched on Nov 1, 2017 and has a 0.55% expense ratio.
ETF Info
| ISIN | US33739P3010 |
|---|---|
| CUSIP | 33739P301 |
| Issuer | First Trust |
| Inception Date | Nov 1, 2017 |
| Region | North America (U.S.) |
| Category | Municipal Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Bond |
Expense Ratio
FMHI features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FMHI vs. FUMB, FMHI vs. XMPT, FMHI vs. ANGL, FMHI vs. HYMU, FMHI vs. VOO, FMHI vs. IMSI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Municipal High Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Municipal High Income ETF had a return of 4.63% year-to-date (YTD) and 11.39% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.63% | 24.30% |
| 1 month | -1.41% | 4.09% |
| 6 months | 2.45% | 14.29% |
| 1 year | 11.39% | 35.42% |
| 5 years (annualized) | 1.61% | 13.95% |
| 10 years (annualized) | N/A | 11.33% |
Monthly Returns
The table below presents the monthly returns of FMHI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.88% | 0.44% | 0.73% | -1.23% | 0.80% | 1.75% | 1.37% | 0.50% | 1.36% | -1.29% | 4.63% | ||
| 2023 | 3.46% | -2.37% | 1.27% | 0.37% | -0.16% | 1.23% | 0.11% | -0.84% | -2.64% | -1.87% | 5.63% | 3.12% | 7.20% |
| 2022 | -3.05% | -1.03% | -4.24% | -4.16% | 0.71% | -3.07% | 3.75% | -2.10% | -5.08% | -1.63% | 5.06% | -0.36% | -14.67% |
| 2021 | 1.75% | -0.75% | 1.34% | 1.46% | 1.18% | 1.18% | 1.12% | -0.18% | -1.06% | -0.32% | 1.23% | 0.45% | 7.58% |
| 2020 | 1.84% | 1.72% | -10.39% | -3.23% | 3.90% | 3.85% | 2.36% | 0.32% | -0.04% | 0.31% | 2.24% | 2.01% | 4.09% |
| 2019 | 0.95% | 0.68% | 1.86% | 0.53% | 1.84% | 0.50% | 0.89% | 2.12% | -0.39% | 0.28% | 0.31% | 0.35% | 10.34% |
| 2018 | -0.39% | -0.17% | 0.20% | 0.70% | 0.74% | 0.22% | 0.65% | 0.63% | -0.97% | -0.70% | 0.85% | 0.72% | 2.50% |
| 2017 | 0.37% | 0.71% | 1.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FMHI is 78, placing it in the top 22% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Municipal High Income ETF provided a 3.99% dividend yield over the last twelve months, with an annual payout of $1.93 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.93 | $1.86 | $1.66 | $1.61 | $1.68 | $1.78 | $1.73 | $0.15 |
Dividend yield | 3.99% | 3.90% | 3.58% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Municipal High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.00 | $1.61 | |
| 2023 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $1.86 |
| 2022 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.15 | $0.15 | $0.15 | $0.15 | $1.66 |
| 2021 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $1.61 |
| 2020 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $1.68 |
| 2019 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.78 |
| 2018 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $1.73 |
| 2017 | $0.03 | $0.13 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Municipal High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Municipal High Income ETF was 18.83%, occurring on Oct 27, 2022. The portfolio has not yet recovered.
The current First Trust Municipal High Income ETF drawdown is 4.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.83% | Jan 3, 2022 | 207 | Oct 27, 2022 | — | — | — |
| -16.66% | Mar 9, 2020 | 11 | Mar 23, 2020 | 188 | Dec 17, 2020 | 199 |
| -1.96% | Jul 20, 2021 | 70 | Oct 26, 2021 | 45 | Dec 30, 2021 | 115 |
| -1.93% | Feb 16, 2021 | 8 | Feb 25, 2021 | 29 | Apr 8, 2021 | 37 |
| -1.83% | Sep 4, 2018 | 39 | Oct 30, 2018 | 34 | Dec 26, 2018 | 73 |
Volatility
Volatility Chart
The current First Trust Municipal High Income ETF volatility is 1.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.