XML 38 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Average Annual Total Returns - First Trust Municipal High Income ETF
First Trust Municipal High Income ETF
1 Year
First Trust Municipal High Income ETF
Since Inception
First Trust Municipal High Income ETF
Inception Date
First Trust Municipal High Income ETF
After tax on distributions
1 Year
First Trust Municipal High Income ETF
After tax on distributions
Since Inception
First Trust Municipal High Income ETF
After tax on distributions and sale of fund shares
1 Year
First Trust Municipal High Income ETF
After tax on distributions and sale of fund shares
Since Inception
Bloomberg Barclays Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
1 Year
Bloomberg Barclays Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
Since Inception
Blended Benchmark (reflects no deduction for fees, expenses or taxes)
1 Year
Blended Benchmark (reflects no deduction for fees, expenses or taxes)
Since Inception
Total 10.58% 6.45% Nov. 01, 2017 9.05% 5.02% 6.23% 4.31% 7.54% 4.28% 8.26% [1] 5.70% [1]
[1] The Blended Benchmark consists of the following two indexes: 50% of the Bloomberg Barclays High Yield 10-Year Municipal Index (8-12 years), an index comprised of bonds with a final maturity between 8 and 12 years that are part of the Bloomberg Barclays Municipal Bond High Yield Index; and 50% of the Bloomberg Barclays Revenue 10-Year Municipal Index (8-12 years), which is comprised of revenue bonds that have a final maturity between 8 and 12 years that are part of the Bloomberg Barclays Municipal Bond Index.The Blended Index returns are calculated by using the monthly return of the two indices during each period shown above. At the beginning of each month the two indices are rebalanced to a 50-50 ratio to account for divergence from that ratio that occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance for the Blended Index for each period shown above.