FMNY
·ARCA
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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
Inception Date
May 12, 2021
Structure
Open-Ended Fund
Index Tracked
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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.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.71% | +0.75% | +0.48% | +1.15% | +0.64% | -10.50% |
NAV Total Return | +1.02% | +2.33% | +0.41% | +5.14% | +12.08% | -0.04% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
BROOKHAVEN NY LOCAL DEV CORP REV 5%, due 10/01/2050
2.04%
BUILD NYC RESOURCE CORP NY REV 5.25%, due 06/15/2045
1.96%
ALBANY NY CAPITAL RESOURCE CORP 5.25%, due 05/01/2050
1.89%
BATTERY PARK CITY NY AUTH 5%, due 11/01/2053
1.87%
SUFFOLK REGL OFF-TRACK BETTING CORP NY 6%, due 12/01/2053
1.82%
NEW YORK ST DORM AUTH REVENUES 5.125%, due 11/15/2050
1.81%
SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH 5%, due 09/01/2050
1.79%
NASSAU CNTY NY INDL DEV AGY Variable rate, due 01/01/2034
1.79%
ERIE CNTY NY 5.25%, due 09/15/2042
1.77%
NEW YORK ST TRANSPRTN DEV CORP N/C, 5%, due 12/01/2030
1.69%
Top 10 Weight 18.43%
91 Total Holdings
Is SPY better than FMNY?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.081 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.081 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.081 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.081 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.081 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.081 |
| 2025-05-21 | 2025-05-21 | 2025-05-30 | 0.081 |
Show more
How Much Does FMNY Pay in Dividends?
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Should I buy FMNY?
Fund Flows
Inflows
Outflows
1M
