---
ticker: "FMNY"
name: "First Trust New York Municipal High Income ETF"
url: "https://etf.net/etf/FMNY"
grade: "D"
score: 39
graded_at: "2026-10-12"
category: "High-Yield Municipal Bonds"
category_rank: "18 of 19"
methodology: "https://etf.net/methodology"
---

# FMNY: First Trust New York Municipal High Income ETF

Grade **D**, Score 39 of 100. Rank 18 of 19 in High-Yield Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 22 | 13 of 19 |
| Mission | 70 | 17 of 18 |
| Risk | 30 | 18 of 19 |
| Tradability | 45 | 12 of 19 |
| Holdings | 21 | 18 of 19 |
| Durability | 45 | 13 of 19 |

## Top holdings

The fund holds 76 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | US Dollar | 6.66% |
| 2 | — | NEW YORK ST CONVENTION CENTER DEV CORP 5%, due 11/15/2042 | 3.14% |
| 3 | — | GENESEE CNTY NY FUNDING CORP 5%, due 12/01/2044 | 2.85% |
| 4 | — | HEMPSTEAD TOWN NY LOCAL DEV CORP REV 5%, due 10/01/2045 | 2.49% |
| 5 | — | BROOKHAVEN NY LOCAL DEV CORP REV 5%, due 10/01/2050 | 2.19% |
| 6 | — | BUILD NYC RESOURCE CORP NY REV 5.25%, due 06/15/2045 | 2.10% |
| 7 | — | NEW YORK ST ENVRNMNTL FACS CORP Variable rate, due 09/01/2050 | 2.05% |
| 8 | — | SUFFOLK REGL OFF-TRACK BETTING CORP NY 6%, due 12/01/2053 | 2.04% |
| 9 | — | ALBANY NY CAPITAL RESOURCE CORP 5.25%, due 05/01/2050 | 1.98% |
| 10 | — | NEW YORK ST DORM AUTH REVENUES 5%, due 07/01/2046 | 1.91% |
| 11 | — | NEW YORK ST DORM AUTH REVENUES 5.125%, due 11/15/2050 | 1.90% |
| 12 | — | ERIE CNTY NY 5.25%, due 09/15/2042 | 1.90% |
| 13 | — | NEW YORK ST TRANSPRTN DEV CORP N/C, 5%, due 12/01/2030 | 1.85% |
| 14 | — | NEW YORK CITY NY TRANSITIONAL FIN AUTH 5%, due 05/01/2039 | 1.67% |
| 15 | — | PUERTO RICO CMWLTH 4%, due 07/01/2033 | 1.59% |
| 16 | — | NEW YORK CITY NY HSG DEV CORP MF HSG REV 4.75%, due 11/01/2040 | 1.54% |
| 17 | — | PUERTO RICO SALES TAX FING CORP 4.329%, due 07/01/2040 | 1.53% |
| 18 | — | BUFFALO NY SWR AUTH 5%, due 06/15/2043 | 1.52% |
| 19 | — | NEW YORK ST DORM AUTH REVENUES 5%, due 05/01/2038 | 1.49% |
| 20 | — | NEW YORK ST DORM AUTH REVENUES 5%, due 10/01/2046 | 1.43% |
| 21 | — | LONG ISLAND NY PWR AUTH ELEC SYS REV 5%, due 09/01/2048 | 1.42% |
| 22 | — | UTILITY DEBT SECURITIZATION AUTH NY 5%, due 12/15/2041 | 1.35% |
| 23 | — | HEMPSTEAD TOWN NY LOCAL DEV CORP REV 4%, due 07/01/2036 | 1.31% |
| 24 | — | PORT AUTH OF NEW YORK & NEW JERSEY NY 5%, due 09/01/2040 | 1.27% |
| 25 | — | CHAUTAUQUA CNTY NY CAPITAL RESOURCE CORP Variable rate, due 04/01/2042 | 1.24% |
| 26 | — | HUDSON YARDS INFRASTRUCTURE CORP NY 5%, due 02/15/2038 | 1.24% |
| 27 | — | NEW YORK CITY NY MUNI WTR FIN AUTH 5%, due 06/15/2047 | 1.24% |
| 28 | — | NEW YORK ST THRUWAY AUTH GEN REV 5%, due 01/01/2046 | 1.23% |
| 29 | — | NEW YORK ST TRANSPRTN DEV CORP 4%, due 10/01/2030 | 1.21% |
| 30 | — | SAN JUAN PR 5.25%, due 07/01/2039 | 1.20% |

Source: etf.net, https://etf.net/etf/FMNY. Please cite the page URL.