Skip to Content
Morningstar

First Trust New York High Inc Mncpl ETF FMNY

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FMNY

Will FMNY outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMNY’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FMNY management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FMNY’s parent organization’s priorities and whether they’re in line with investors’ interests.

First Trust New York High Inc Mncpl ETF's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FMNY

More FMNY Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 48
  • Other Holdings 2
  • % Assets in Top 10 Holdings 25.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Interest/Overdraft

5.26
766,511
Cash and Equivalents

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

3.14
458,280
municipal

LONG IS PWR AUTH N Y ELEC SYS REV 5%

2.68
390,413
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

2.59
377,863
municipal

PUERTO RICO COMWLTH 4%

2.54
370,681
municipal

NEW YORK ST URBAN DEV CORP REV 5%

2.41
351,735
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5%

2.38
346,813
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4%

2.36
344,507
municipal

NASSAU CNTY N Y 5%

2.32
338,587
municipal

HEMPSTEAD TOWN N Y LOC DEV CORP REV 4%

2.31
336,734
municipal