FMNY

GradeDNew York Stock Exchange Arca

First Trust New York Municipal High Income ETF

Municipal Bond · First Trust · Inception 2021-05-12 · SEC filings

$25.28−0.16 (−0.63%)

As of Sep 23, 2026, 3:02 PM EDT

Expense ratio: 0.49%
Fund size: $37M
1Y return: −0.9%
Yield · Last 12 months: 3.92%
Holdings: 109
Volume · 30D: 0M sh
NAV per share: $25.49
52W range: low $25.40high $27.22

37/ 100

Rank 17 of 19 in High-Yield Municipal Bonds⁠

Confidence High

F< 25

D≥ 25

C≥ 40

B≥ 55

A≥ 70

Cost
FScore 19
Category rank16/19 · bottom quartile
Mission
BScore 57
Category rank17/18 · bottom quartile
Risk
DScore 39
Category rank14/19 · mid-pack
Tradability
CScore 45
Category rank11/19 · mid-pack
Holdings
DScore 26
Category rank18/19 · bottom quartile
Durability
CScore 47
Category rank13/19 · mid-pack

Graded as of Sep 22, 2026

Our read on FMNY

ETF.net Research

DTriple tax-free New York income, picked by managers instead of an index. FMNY can hold up to half its book in below-investment-grade munis, a lever the passive New York funds don't pull.

Stated mandate

The Fund seeks current income exempt from regular federal and New York income taxes, with long-term capital appreciation as a secondary objective.

Why people hold it

01Income is exempt from regular federal, New York State and New York City taxes: the full triple-exempt package for city residents.sec.gov ftportfolios.com
02Actively run, with a mandate allowing up to 50% of net assets in below-investment-grade munis. That is credit an index-bound New York fund cannot reach.sec.gov
03Concentrated book of roughly 70 bonds, managed toward an effective duration of about 3 to 9 years rather than the long end alone. Distributions come monthly.sec.gov

Worth knowing

01The 0.49% fee sits above the muni ETF median and well above index staples like VTEB (0.03%) and NYF (0.09%). Active credit selection carries a price tag.
02A small fund that trades lightly, so spreads and order execution matter more here than with the category's heavyweights.
03Non-diversified and all-New York. State and city credit conditions, plus that junk-muni allowance, swing results in both directions.sec.gov

FMNY Holdings

As of Sep 21, 2026, 5:19 PM

Asset class: Bonds
Holdings: 109
Top-10 weight: 20%
Largest holding: RENSSELAER CO NY CAPITAL RESOURCE CORP 5.25%, due 04/01/20452.8%

The fund’s holdings, weight-ordered — page 1 of 8.
#	Ticker	Company	Weight %	Shares	Market value	In ETFs
001	—	RENSSELAER CO NY CAPITAL RESOURCE CORP 5.25%, due 04/01/2045	2.82%	1,000,000	$1M	2
002	—	NASSAU CNTY NY INDL DEV AGY Variable rate, due 01/01/2034	2.19%	800,000	$800K	1
003	—	NEW YORK ST CONVENTION CENTER DEV CORP 5%, due 11/15/2042	2.14%	760,000	$782K	2
004	—	NEW YORK ST PWR AUTH GREEN TRANMISSION PROJ 5%, due 11/15/2048	2.07%	750,000	$756K	3
005	—	LACKAWANNA NY 5%, due 11/01/2037	2.02%	685,000	$738K	1
006	—	GENESEE CNTY NY FUNDING CORP 5%, due 12/01/2044	1.96%	725,000	$714K	1
007	—	NEW YORK ST CONVENTION CENTER DEV CORP 5%, due 11/15/2046	1.76%	640,000	$642K	4
008	—	HEMPSTEAD TOWN NY LOCAL DEV CORP REV 5%, due 10/01/2045	1.73%	665,000	$632K	1
009	—	BROOKHAVEN NY LOCAL DEV CORP REV 5%, due 10/01/2050	1.51%	560,000	$550K	2
010	—	NEW YORK ST DORM AUTH REVENUES N/C, 5%, due 11/01/2036	1.45%	500,000	$531K	1
011	—	BUILD NYC RESOURCE CORP NY REV 5.25%, due 06/15/2045	1.44%	550,000	$526K	1
012	—	ALBANY NY CAPITAL RESOURCE CORP 5.25%, due 05/01/2050	1.39%	500,000	$507K	7
013	—	SUFFOLK REGL OFF-TRACK BETTING CORP NY 6%, due 12/01/2053	1.39%	500,000	$506K	5
014	—	BATTERY PARK CITY NY AUTH 5%, due 11/01/2053	1.38%	500,000	$503K	7
015	—	NEW YORK ST ENVRNMNTL FACS CORP Variable rate, due 09/01/2050	1.38%	500,000	$503K	2

Showing 1–15 of 110 holdings

FMNY Performance

FMNY$9,913

$11,723

Sep 22, 2025 – Sep 22, 2026

Trailing total return for FMNY. Periods over one year show the average yearly return.
Period	FMNY
Year to date	−2.3%
1 month	−2.8%
3 months	−4.3%
1 year	−0.9%
3 years	+3.2%per year
5 years	−0.3%per year
10 yearsFund is under 10 years old	—per year

As of the Sep 22, 2026 close, with distributions reinvested.

Annual total returns for FMNY
Year	Return bar	FMNY
2026 YTD		−2.3%
2025		+4.0%
2024		+1.7%
2023		+6.1%
2022		−10.6%
2021		+1.6%

History from May 13, 2021

FMNY in the news

ETF.net Research hasn’t filed on FMNY yet — coverage lands here as it’s written.

FMNY Dividends

: 3.92%Last 12 months
Payout per share: $1.00Last 12 months

Last payment: $0.09 per share
Paid on: Aug 31, 2026
: Aug 21, 2026
Frequency: Monthly

Distribution history

2023–2026

Ex-date	Pay date	Amount per share
Aug 21, 2026	Aug 31, 2026	$0.09
Jul 21, 2026	Jul 31, 2026	$0.08
Jun 25, 2026	Jun 30, 2026	$0.08
May 21, 2026	May 29, 2026	$0.08
Apr 21, 2026	Apr 30, 2026	$0.08
Mar 26, 2026	Mar 31, 2026	$0.08
Feb 20, 2026	Feb 27, 2026	$0.08
Jan 21, 2026	Jan 30, 2026	$0.08
Dec 12, 2025	Dec 31, 2025	$0.08
Nov 21, 2025	Nov 28, 2025	$0.08
Oct 21, 2025	Oct 31, 2025	$0.08
Sep 25, 2025	Sep 30, 2025	$0.08

FMNY Risk

: 5.9%; Annualised · 36 months to Aug 2026; How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
: −0.17; vs 3-month T-bills · to Aug 2026; How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
: −15.6%; Trough Oct 2022; How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
: 0.99; vs its asset-class index; How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMNY Cost

Expense ratio0.49%

FMNY0.49%

Cheapest0.30%Priciest0.55%

The middle half of High-Yield Municipal Bonds funds
Median 0.40%

13 of the 19 High-Yield Municipal Bonds funds charge less.

FMNY costs $49.00 a year on $10,000. The median High-Yield Municipal Bonds fund costs $40.00.

FMNY

The ETF.net FMNY Grade

Cost

Mission

Risk

Tradability

Holdings

Durability

Why people hold it

Worth knowing

Growth of $10,000Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Trailing returnsReturns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Annual returnsCalendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Distribution history