FMNYFirst Trust New York High Income Municipal ETF

Get income5y track recordRanked #1,029 of 1,622 in this goal

Seeks to provide current income exempt from federal and New York income taxes, with a secondary objective of long-term capital appreciation.

By First Trust · Launched 2021

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$39M

#3,794 of 5,562 · small

Dividend YieldGoal

3.69%

Track Record

5 years

#2,375 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,717+7.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 17.6% of fund✓ well diversified

BROOKHAVEN NY LOCAL DEV CORP R

1.9%

BUILD NYC RESOURCE CORP NY REV

1.9%

NEW YORK ENERGY FIN DEV CORP

1.8%

ALBANY NY CAPITAL RESOURCE COR

1.8%

BATTERY PARK CITY NY AUTH

1.8%

SUFFOLK REGL OFF-TRACK BETTING

1.7%

NEW YORK ST DORM AUTH REVENUES

1.7%

NEW YORK ST DORM AUTH REVENUES

1.7%

NASSAU CNTY NY INDL DEV AGY

1.7%

SOUTH DAKOTA ST HLTH & EDUCTNL

1.7%

Asset allocation

Bonds

94.6%

Cash

5.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.3%Low

Year-on-year price swings

Max drawdown

-15.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.12Below average

Sortino (3Y)

0.16Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.4 years

Credit ratings

AAA

7.7%

44.3%

22.6%

BBB

14.3%

2.1%

Other

6.9%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide current income exempt from federal and New York income taxes, with a secondary objective of long-term capital appreciation.
Strategy: Invests primarily in municipal debt securities that pay interest exempt from federal and New York taxes. At least 80% of net assets in Municipal Securities issued by New York or its territories. May invest up to 100% in securities subject to federal alternative minimum tax. Under normal conditions, expects an effective duration of 3-9 years, with at least 50% in investment grade securities. May invest up to 50% in non-investment grade securities, including up to 10% in Distressed Municipal Securities.
Inception date: May 12, 2021
Fund family: First Trust