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ETF Nasdaq USD

First Trust Municipal High Income ETF FMHI

Issuer: First Trust SEC registrant: First Trust Exchange-Traded Fund III Fixed income · US
Watch FMHI (sign in) Add to portfolio (FMHI) Set an alert for FMHI Compare FMHI with other ETFs Position size calculator for FMHI at 45.47 USD

How position sizing works
Last price 45.47 USD Change: Up +0.01 Percent change: Up +0.02%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Expense ratio
0.70%
Prospectus 1 Dec 2025
Net assets
$994.3M
As of 31 Jul 2026
Holdings
732
As of 31 Jul 2026
12-month distribution yield
4.60%
Monthly
Asset class
Fixed income
From holdings

First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund listed on the Nasdaq in the United States, issued by First Trust. Its category is Fixed income · US (fixed income). Its last price was US$45.47 on 20 Oct 2026. Its expense ratio is 0.7% a year, from its prospectus dated 1 Dec 2025. It reported net assets of US$994.34 million as of 31 Jul 2026. Its latest holdings report lists 732 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$2.09 a unit, a 12-month distribution yield of 4.60%, paid monthly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
0.70%
Net, after fee waivers or reimbursements
No waiver stated
Management fee
0.70%
Prospectus date
1 Dec 2025
Filed with the SEC
28 Nov 2025

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$994,343,133
Total assets
$1,001,708,445
Holdings as of
31 Jul 2026
Report made public
22 Sep 2026 (53 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 25 of 732 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.

FMHI top holdings as of 31 Jul 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 PUERTO RICO AQUEDUCT AND SEWER AUTHORITY PR PRCUTL 5 07/01/2047 US745160SJ13 0.58% $5.8M Debt United States USD
2 CHICAGO ILL O HARE INTL ARPT IL CHITRN 5.5 01/01/2048 US167591AD80 0.58% $5.8M Debt United States USD
3 PUERTO RICO SALES TAX FINANCING CORP PR PRCGEN 4.33 07/01/2040 US74529JRJ69 0.58% $5.7M Debt United States USD
4 MOBILE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (AL) AL MOBPOL 4.75 12/01/2054 US60733UAB70 0.56% $5.6M Debt United States USD
5 MOBILE INDUSTRIAL DEVELOPMENT BOARD (AL) AL MOBPOL 06/01/2034 US607167DY65 0.50% $5.0M Debt United States USD
6 NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY) NY NYCUTL 06/15/2041 US64972GU289 0.47% $4.7M Debt United States USD
7 ST. LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MO) MO STLDEV 5 09/01/2048 US791524CE94 0.44% $4.4M Debt United States USD
8 PUERTO RICO, COMMONWEALTH OF PR PRC 4 07/01/2041 US74514L3N58 0.41% $4.1M Debt United States USD
9 SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO ID SPVGEN 6.25 09/01/2053 US850072AB57 0.41% $4.1M Debt United States USD
10 ARKANSAS DEVELOPMENT FINANCE AUTHORITY (AR) AR ARSDEV 5.45 09/01/2052 US04110FAA30 0.41% $4.1M Debt United States USD
11 COLUMBUS REGIONAL AIRPORT AUTHORITY (OH) OH COLAPT 5.5 01/01/2050 US199546DC38 0.39% $3.9M Debt United States USD
12 MAIN STREET NATURAL GAS INC (GA) GA MAIUTL 09/01/2053 US56035DFK37 0.39% $3.8M Debt United States USD
13 CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (VA) FL CHAUTL 4 10/01/2051 US16080TAG04 0.38% $3.8M Debt United States USD
14 AMERICAN AIRLINES INC NY NYTTRN 5.25 08/01/2031 US650116CV61 0.38% $3.8M Debt United States USD
15 MARYLAND ST HEALTH & HIGHER EDL FACS AUTH MD MDSMED 5.25 07/01/2050 US57421CKA17 0.38% $3.8M Debt United States USD
16 NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (NH) NH NHSMED 5.5 08/01/2050 US64461XME21 0.37% $3.7M Debt United States USD
17 MEADE CNTY KY KY MEADEV 08/01/2061 US583022AE86 0.36% $3.6M Debt United States USD
18 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA) PA PASDEV 5.25 06/30/2053 US70868YAW93 0.36% $3.6M Debt United States USD
19 RED BARN MET DIST COLO CO REBDEV 5.5 12/01/2055 US75633SAB16 0.36% $3.6M Debt United States USD
20 FIELDS ESTATES PUB INFRASTRUCTURE DIST UTAH UT FESDEV 6.12 03/01/2055 US316576AA51 0.35% $3.5M Debt United States USD
21 COMMERCIAL METALS COMPANY AZ MARDEV 4 10/15/2047 US56678TAA79 0.35% $3.4M Debt United States USD
22 PUBLIC FINANCE AUTHORITY (WI) WI PUBGEN 5 06/01/2041 US74448EAA29 0.35% $3.4M Debt United States USD
23 AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY (CO) CO AERTRN 5.5 12/01/2044 US008051AD63 0.33% $3.3M Debt United States USD
24 NORTH CAROLINA MEDICAL CARE COMMISSION (NC) NC NCSMED 5.25 12/01/2054 US65820YTG16 0.33% $3.3M Debt United States USD
25 BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY (OH) OH BUCGEN 5 06/01/2055 US118217CZ97 0.32% $3.2M Debt United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 Jul 2026

All 732 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Debt 98.82%

Country

Country by weight
CountryWeightBar
United States 98.82%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 98.82%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

No sector data

None of this fund's holdings matched a stock listed on this site, so no sector is shown.

Partial coverage: sectors are known for 0.0% of net assets, the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$2.0930
12 payments per unit
12-month yield
4.60%
Distributions only, not total return
Frequency
Monthly
From the gaps between ex-dates
Latest ex-date
24 Sep 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($2.0930) ÷ latest price ($45.47) × 100 = 4.60%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (59 payments)
FMHI distributions per unit by ex-date
Ex-dateAmount per unit
24 Sep 2026$0.1790
21 Aug 2026$0.1780
21 Jul 2026$0.1770
25 Jun 2026$0.1770
21 May 2026$0.1760
21 Apr 2026$0.1750
26 Mar 2026$0.1750
20 Feb 2026$0.1750
21 Jan 2026$0.1740
12 Dec 2025$0.1690
21 Nov 2025$0.1690
21 Oct 2025$0.1690
25 Sep 2025$0.1690
21 Aug 2025$0.1670
22 Jul 2025$0.1660
26 Jun 2025$0.1660
21 May 2025$0.1650
22 Apr 2025$0.1640
27 Mar 2025$0.1630
21 Feb 2025$0.1630
22 Jan 2025$0.1630
13 Dec 2024$0.1630
21 Nov 2024$0.1630
22 Oct 2024$0.1630
26 Sep 2024$0.1630
21 Aug 2024$0.1630
23 Jul 2024$0.1630
27 Jun 2024$0.1630
21 May 2024$0.1590
23 Apr 2024$0.1590
21 Mar 2024$0.1590
21 Feb 2024$0.1590
23 Jan 2024$0.1580
22 Dec 2023$0.1580
21 Nov 2023$0.1580
24 Oct 2023$0.1580
22 Sep 2023$0.1580
22 Aug 2023$0.1560
21 Jul 2023$0.1550
27 Jun 2023$0.1550
23 May 2023$0.1530
21 Apr 2023$0.1530
24 Mar 2023$0.1530
22 Feb 2023$0.1530
24 Jan 2023$0.1510
23 Dec 2022$0.1510
22 Nov 2022$0.1500
21 Oct 2022$0.1500
23 Sep 2022$0.1450
23 Aug 2022$0.1400
21 Jul 2022$0.1330
24 Jun 2022$0.1330
24 May 2022$0.1330
21 Apr 2022$0.1300
25 Mar 2022$0.1300
18 Feb 2022$0.1300
21 Jan 2022$0.1300
23 Dec 2021$0.1300
23 Nov 2021$0.1300

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

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IMPORTANT FINANCIAL DISCLAIMER: The information provided on this platform is for educational and informational purposes only and should not be construed as investment advice. All investments involve risk, including potential loss of principal. Past performance does not guarantee future results. Take Profits is not a registered investment advisor and does not provide personalized investment advice. Users should conduct their own research and consult with qualified financial professionals before making investment decisions. Market data may be delayed and is provided by third-party sources.

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