FMNY First Trust New York Municipal High Income ETF

*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMNY -3.81% -2.81% -14.62% -13.53% -- -- --
FMNY (NAV) -3.75% -2.85% -14.65% -13.55% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FMNY Summary Data

First Trust
05/12/21
Open-Ended Fund
0.50%
$10.19M
$21.29K
0.47%
PZT, NYF

FMNY Portfolio Data

--
--
--
N/A
--

FMNY Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FMNY Portfolio Management

0.50%
--
--
--

FMNY Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FMNY Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
High
Daily

FMNY Factset Analytics Block Liquidity

As of 09/30/22
5
4
3
2
1

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 Tradability

820
$21.29K
9
0
0.47%
$0.12
-0.05%
0.84% / -0.49%
None
100.00%
--
--
--
--
0
$25.46
N/A

FMNY Sector/Industry Breakdown


FMNY
Segment Benchmark
76.63%
--
8.73%
--
5.15%
--
4.75%
--
4.74%
--

FMNY Top 10 Holdings[View All]

8.74%
3.74%
3.45%
3.09%
2.96%
2.89%
2.69%
2.66%
2.60%
2.59%
35.40%

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.