FMNY Fees and Costs — First Trust New York Municipal High Income ETF
Data updated: 2026-10-13
The net expense ratio is 0.65%. There are no sales loads or redemption fees. Portfolio turnover was 32%.
FMNY Fees and Expenses
Annual operating expenses and sales charges of FMNY. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FMNY Costs Over Time
On $10,000 invested in FMNY, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
FMNY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $31.5M
- Portfolio turnover (prospectus): 32%
FMNY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.1M | 20.00% |
| MORGAN STANLEY & CO. LLC | $3.8M | 18.50% |
| WELLS FARGO SECURITIES, LLC | $2.7M | 13.17% |
| BARCLAYS CAPITAL, INC. | $2.0M | 9.71% |
| BOFA SECURITIES, INC. | $1.6M | 8.05% |
| PIPER SANDLER & CO. | $1.6M | 7.76% |
| MARKETAXESS CORPORATION | $1.4M | 6.94% |
| TD SECURITIES (USA) LLC | $1.1M | 5.40% |
| HILLTOP SECURITIES INC. | $1.1M | 5.32% |
| UBS FINANCIAL SERVICES INC. | $1.1M | 5.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.