FMHI Performance — First Trust Municipal High Income ETF
Data updated: 2026-10-13
FMHI returned +1.92% year to date and +7.62% over one year to Jul 2026. Annualised returns are +4.62% over 3 years and +0.35% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $115, against $110 for the category, and to $108 over one year, against $106. Volatility over the past three years was 5.76% a year. In the 12 months to Jul 2026 the fund took in a net $230.0M, and assets reached $994.34M.
FMHI Growth of $100
What $100 invested in First Trust Municipal High Income ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FMHI | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $108 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $115 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $117 | $110 |
FMHI Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.92% |
| 1 year | +7.62% |
| 3 years (annualised) | +4.62% |
| 5 years (annualised) | +0.35% |
FMHI Annual Returns
Calendar-year total returns of First Trust Municipal High Income ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.92% |
| 2025 | +3.23% |
| 2024 | +5.59% |
| 2023 | +7.25% |
| 2022 | −14.66% |
| 2021 | +7.61% |
| 2020 | +4.02% |
| 2019 (Aug–Dec) | +2.94% |
FMHI Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.6% | −1.8% | +1.3% | +0.7% | +1.1% | −1.6% | — | — | — | — | — |
| 2025 | +0.4% | +1.1% | −1.7% | −1.5% | −0.2% | +0.7% | −0.9% | +0.6% | +3.0% | +1.5% | +0.3% | +0.2% |
| 2024 | +0.6% | +0.6% | +0.7% | −1.1% | +0.7% | +2.1% | +0.9% | +0.8% | +1.1% | −1.1% | +1.5% | −1.2% |
| 2023 | +3.5% | −2.2% | +1.0% | +0.4% | −0.3% | +1.4% | +0.4% | −1.0% | −2.7% | −1.9% | +6.0% | +2.8% |
| 2022 | −3.0% | −1.1% | −4.0% | −4.1% | +0.7% | −3.4% | +3.8% | −1.9% | −4.8% | −1.7% | +4.4% | −0.1% |
| 2021 | +1.9% | −0.9% | +1.3% | +1.5% | +1.2% | +1.2% | +1.1% | −0.2% | −1.1% | −0.4% | +1.4% | +0.3% |
| 2020 | +1.7% | +1.8% | −10.4% | −2.8% | +3.6% | +3.8% | +2.3% | +0.2% | +0.1% | +0.2% | +2.3% | +1.8% |
| 2019 | — | — | — | — | — | — | — | +2.1% | −0.4% | +0.2% | +0.5% | +0.6% |
FMHI Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.76%
- 3-year Sharpe ratio: 0.02 (vs 4.5% risk-free rate)
- Best month: +6.04% (Nov 2023)
- Worst month: −2.72% (Sep 2023)
FMHI Fund Flows
Monthly money in and out of First Trust Municipal High Income ETF, from SEC Form N-PORT.
- 12-month net flow: $230.0M
- 12-month gross sales (incl. reinvestments): $256.0M
- Sales ÷ redemptions: 9.83×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $19.2M | $0 | $19.2M |
| Jun 2026 | $14.5M | $2.4M | $12.1M |
| May 2026 | $24.0M | $2.4M | $21.6M |
| Apr 2026 | $11.9M | $0 | $11.9M |
| Mar 2026 | $9.6M | $2.4M | $7.2M |
| Feb 2026 | $26.6M | $0 | $26.6M |
| Jan 2026 | $31.2M | $2.4M | $28.8M |
| Dec 2025 | $14.4M | $4.8M | $9.6M |
| Nov 2025 | $21.6M | $0 | $21.6M |
| Oct 2025 | $40.6M | $0 | $40.6M |
| Sep 2025 | $33.1M | $4.7M | $28.4M |
| Aug 2025 | $9.3M | $6.9M | $2.3M |
FMHI Assets Under Management
Net assets of First Trust Municipal High Income ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $994.34M |
| 2026-04-30 | $950.44M |
| 2026-01-31 | $905.58M |
| 2025-10-31 | $844.66M |
| 2025-07-31 | $743.20M |
| 2025-04-30 | $740.69M |
| 2025-01-31 | $774.57M |
| 2024-10-31 | $753.14M |
| 2024-07-31 | $645.21M |
| 2024-04-30 | $597.61M |
| 2024-01-31 | $547.51M |
| 2023-10-31 | $451.20M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.