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.
Research context
First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF appears in PyInvesting’s ETF catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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