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FMNY
+0.43 · +1.64%
$26.82 · NYSE ARCA

First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF (FMNY) ETF Analysis | Muni New York Long

First Trust · USA
AUM:$29.8M
#– of – in Muni New York Long ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FMNY returned +5.0% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.65% — moderate cost. Consider how fees compound over long holding periods.

What is FMNY?

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.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
FMNY returned 5.0% over the past year.
Moderate Cost
Expense ratio of 0.65%. Consider how fees compound over a long holding period.
Moderate Concentration
Top 10 holdings make up 33.0% of the ETF — a moderate level of name concentration.
ETF Information
AUM$29.8M
Expense Ratio0.65%
Dividend Yield3.63%
Holdings9
Inception DateMay 2021
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta0.98
CategoryMuni New York Long
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-3.9%
1Y
+3.3%
3Y
+9.8%
5Y
-0.5%
OpenBook InsightIf you had invested £10,000 in FMNY 5 years ago, it would have fallen to £9,947 — a loss of £53.

Annual Returns

Calendar year performance

FMNY delivered positive returns in 3 of the last 5 calendar years.
YearFMNY
2026 YTD-1.4%
2025+4.1%
2024+1.8%
2023+6.1%
2022-10.5%
CAGR 4yr+0.1%
3/5 positive yearsAvg return: +0.0%Worst year: -10.5% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
4.0%
Low
Momentum
-2.2%
30-day change
Support Level
26.08
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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