First Trust Municipal High Income ETF

First Trust Municipal High Income ETF is an actively managed fixed-income exchange-traded fund designed to seek federally tax-exempt income through a diversified portfolio of U.S. municipal bonds. The fund primarily invests in municipal debt securities across a wide range of issuers, including transportation, utilities, healthcare, education, and local infrastructure, with exposure to both revenue bonds and other municipal structures. Its portfolio is built to provide income-oriented investors access to the municipal bond market while maintaining broad maturity flexibility and credit diversification. First Trust Municipal High Income ETF plays a role in the municipal fixed-income market by offering a professionally managed vehicle that focuses on income generation from tax-exempt securities and may also include lower-rated and higher-yield municipal credits.