FMNYFirst Trust New York High Income Municipal ETF
Seeks current income exempt from federal and New York income taxes and long-term capital appreciation.
By First Trust · Launched 2021
Annual Cost
0.49%
#2,481 of 5,861 · average
Fund Size
$39M
#3,889 of 5,861 · mid-size
Dividend YieldGoal
3.68%
Track Record
5 years
#2,321 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,589+5.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 18.6% of fund✓ well diversified
RENSSELAER CNTY N Y
2.9%
LACKAWANNA N Y
2.1%
NEW YORK ST PWR AUTH
2.1%
GENESEE CNTY N Y FDG CORP
2.0%
HEMPSTEAD TOWN N Y LOC DEV CORP
1.8%
NEW YORK CONVENTION CENTER DEVELOPMENT CORP (NY)
1.7%
BROOKHAVEN TOWN LOCAL DEVELOPMENT CORP (NY)
1.5%
BUILD NYC RESOURCE CORP N Y
1.5%
DZ HYP AG
1.5%
ALBANY CITY CAPITAL RESOURCE CORP (NY)
1.4%
Asset allocation
Bonds
98.3%
Cash
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.4%Low
Year-on-year price swings
Max drawdown
-15.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.11Below average
Sortino (3Y)
-0.14Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.5 years
Credit ratings
AAA
6.7%
AA
44.8%
A
24.0%
BBB
13.9%
BB
2.0%
B
2.0%
Other
6.6%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income exempt from federal and New York income taxes and long-term capital appreciation.
- Strategy
- Invests primarily in municipal debt securities issued by or on behalf of the State of New York, aiming for current income exempt from federal and New York taxes. Maintains a focus on investment-grade securities while allowing for up to 50% in high-yield bonds, including distressed securities.
- Inception date
- May 12, 2021
- Fund family
- First Trust
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Data updated on 2026-08-04