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.
Frequently asked questions
What is the First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF (FMNY) expense ratio?
The First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF funds expense ratio is 0.65%.
What is First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF (FMNY) current stock price?
As of the latest data, First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF stock price is $25.42, with a previous close of $25.49. First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF lost -$0.07 in the last trading session, representing a -0.27% loss.
Does First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF (FMNY) pay dividends?
Yes. First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF pays monthly dividends with an annualized yield of 4.24% and an estimated annual payout of $1.08 per share.
