Symbols

FMNY

First Trust New York Municipal High Income ETF·ARCA

--(--)

Key Stats

Assets Under Management

28.17MUSD

Fund Flows (1Y)

7.93MUSD

Dividend Yield

3.32%

Discount/Premium to NAV

0.19%

Shares Outstanding

1.05M

Expense Ratio

0.65%

About First Trust New York Municipal High Income ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FMNY

Inception Date

May 12, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FMNY invests in municipal debt securities primarily issued by the state of New York. In general, securities selected are those that are exempt from federal and New York individual income tax. The municipal securities will range in type, duration, and credit quality. The type of securities will include municipal lease obligations, general obligation bonds, revenue bonds, notes, private activity bonds, and pre-refunded or escrowed to maturity bonds. While not limited to a specific duration, the fund expects to target a duration of 3-9 years. Under normal market conditions, the fund expects to hold roughly half the portfolio in investment grade securities at the time of issuance. FMNY relies on First Trust's own internal quantitative and fundamental research to select higher-yielding, undervalued municipal securities for the portfolio.