FMNY First Trust New York Municipal High Income ETF
FMNY Fund Description
FMNY is an actively managed fund that targets fixed income of any duration and credit quality. Issues selected provide interest income that is exempt from federal, New York State and City taxes.
FMNY Factset Analytics Insight
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.
FMNY Portfolio Data
FMNY Index Data
FMNY Portfolio Management
FMNY Tax Exposures
FMNY Fund Structure
FMNY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FMNY. FMNY is rated a N/A out of 5.
FMNY Sector/Industry Breakdown
FMNY Top 10 Holdings[View All]
FMNY Performance Statistics
FMNY Holdings Statistics
FMNY Avg Life Maturity Distribution
FMNY OAS Breakdown
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.