This ETF offers exposure to the municipal bond market, specifically focusing in on notes that are issued by municipalities in the state of New York. As a result, the fund is likely to be heavily influenced by any New York specific events, budget dealings, or political changes in the region. Muni investing in New York is an interesting proposition as it offers investors a nice mix of urban, suburban, and rural projects, offering immense diversification in a relatively small area. NYF is the most popular fund in the Category with as much assets as the other funds in the space combined. NYF focuses in on investment grade notes in the New York bond market and offers a solid level of diversification, holding just under 175 securities in total. Although expenses are just middle of the road, the fund would probably be best suited for traders looking to establish a broad quick position in the New York muni market across a variety of cities and sectors. Long-term investors could also find use for this fund but INY offers similar exposure at a cheaper price.
| Segment | Fixed Income: New York Government, Local Authority/Municipal Investment Grade |
| Category | Government, Local Authority/Municipal |
| Focus | Investment Grade |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| NYF | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 616 | 246 | 350 |
| % of Assets in Top 10 | 7.57% | 22.33% | 16.37% |
| % of Assets in Top 15 | 10.05% | 30.51% | 22.36% |
| % of Assets in Top 50 | 23.73% | 67.42% | 51.14% |
| NYF | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| NYF | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.09 | $ 0.06 | $ 0.07 |
| Dividend Date | 2021-11-01 | N/A | N/A |
| Annual Dividend Rate | $ 1.16 | $ 0.64 | $ 0.89 |
| Annual Dividend Yield | 2.01% | 1.62% | 2.18% |
View charts featuring NYF price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: -5.25 M 6 Month Net Flows: -2.12 M 1 Year Net Flows: 34.59 M 3 Year Net Flows: 130.73 M 5 Year Net Flows: 281.12 M 10 Year Net Flows: 438.3 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -5.58 MThe adjacent table gives investors an individual Realtime Rating for NYF on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the New York Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
NYF does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| NYF |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -3.57% | -3.96% | -4.23% |
| 3 Month Return | -2.72% | -2.84% | -3.15% |
| YTD Return | -11.41% | -13.96% | -13.90% |
| 1 Year Return | -11.16% | -13.43% | -13.40% |
| 3 Year Return | -6.19% | -5.02% | -7.53% |
| 5 Year Return | 0.28% | 0.10% | 0.16% |
The following charts reflect the geographic spread of NYF's underlying holdings.
The following charts reflect the allocation of NYF's underlying holdings.
| Asset | Percentage |
|---|---|
| Municipal | 97.3% |
| Open-ended Fund | 1.73% |
| Other | 0.86% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Municipal | 97.3% |
| Open-ended Fund | 1.73% |
| Other | 0.86% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 6.04% |
| 20 Day Volatility | 4.22% |
| 50 Day Volatility | 4.15% |
| 200 Day Volatility | 5.83% |
| Beta | 0.03 |
| Standard Deviation | 2.04% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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