ATLASFirst Trust New York Municipal High Income ETF (FMNY): outlook, holdings and fees
First Trust New York Municipal High Income ETF (FMNY) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.64% and the yield is 4.04%. The ten largest holdings are 32% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FMNY
| Last price | $25.68 (+0.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 64% |
| Likely 1-month range (50%) | $25.54 – $26.11 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 4.04% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FMNY fund facts
| Issuer | First Trust |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $24.8M |
| Expense ratio | 0.64% |
| Number of holdings | 9 |
| Portfolio turnover | 42% |
| Inception | May 12, 2021 |
| Exchange | NYSE |
The fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and New York State and New York City income taxes. It may invest in Municipal Securities of any duration and any maturity, however, the Advisor expects it will have an effective duration of approximately 3-9 years. The fund is non-diversified.
FMNY top holdings
| Holding | Sector | Weight |
|---|---|---|
| TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% | – | 4.40% |
| NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% | – | 3.92% |
| ISLAND TREES UN FREE SCH DIST N Y HEMPSTEAD 3% | – | 3.71% |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 1.35% | – | 3.87% |
| BUFFALO N Y MUN WTR FIN AUTH WTR SYS REV 4% | – | 3.64% |
| NEW YORK ST ENVIRONMENTAL FACS CORP REV 4% | – | 3.48% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% | – | 3.17% |
| MONROE CNTY N Y INDL DEV CORP REV 4% | – | 3.20% |
| LONG IS PWR AUTH N Y ELEC SYS REV 5% | – | 3.10% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FMNY returns and risk
| Year to date | -4.4% |
|---|---|
| 1 year | -3.4% |
| 3 years (annualised) | +3.0% |
| 5 years (annualised) | -0.5% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 5.7% |
| Sharpe ratio (3 years) | -0.23 |
Past returns do not guarantee future results.
FMNY: frequently asked questions
What does FMNY invest in?
First Trust New York Municipal High Income ETF invests in a portfolio of securities. Its largest holdings are TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% (4.4%), NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% (3.9%), ISLAND TREES UN FREE SCH DIST N Y HEMPSTEAD 3% (3.7%), NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 1.35% (3.9%), BUFFALO N Y MUN WTR FIN AUTH WTR SYS REV 4% (3.6%).
What is the FMNY expense ratio?
0.64% a year: about $64.00 for every $10,000 invested.
What is the FMNY dividend yield?
4.04%. ATLAS does not hold the exact distribution dates for ETFs.
Will FMNY go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 64%, with a likely range (50%) of $25.54 to $26.11 from $25.68 today. It is a probability, not a prediction.
How has FMNY performed?
Year to date -4.4%, one year -3.4%, three years +3.0% a year, five years -0.5% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer