What is FMHI?
FMHI was created on 2017-11-01 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. FMHI is an actively managed fund that holds a broad range of US municipal bonds.
What is MMIN?
MMIN was created on 2017-10-18 by New York Life Investments. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 478.24m in AUM and 297 holdings. MMIN is an actively managed US municipal bond fund for insured", investment-grade securities of varying maturities.
Key Details
Nov 01, 2017
Oct 18, 2017
Fixed Income
Fixed Income
Investment Grade
Investment Grade
Holdings
Traded Fund III First Trust Municipal High Income ETF - FMHI is made up of 540 holdings. NYLI MacKay Muni Insured ETF - MMIN is made up of 306 holdings.
Name | Weight |
|---|---|
| - | 1% |
| - | 0.97% |
| - | 0.7% |
| - | 0.6% |
| - | 0.55% |
| - | 0.54% |
| - | 0.52% |
| - | 0.5% |
| - | 0.5% |
| - | 0.49% |
| - | 0.47% |
| - | 0.45% |
| - | 0.45% |
| - | 0.44% |
| - | 0.43% |
| - | 0.42% |
| - | 0.41% |
| - | 0.4% |
| - | 0.4% |
| - | 0.39% |
| - | 0.39% |
3 3BRMTV7NT PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.55% | 0.39% |
3 3BWBST9NT PUERTO RICO COMWLTH 4% | 0.39% |
| - | 0.39% |
| - | 0.38% |
| - | 0.37% |
| - | 0.37% |
3 3BWBST7NT PUERTO RICO COMWLTH 4% | 0.37% |
| - | 0.37% |
| - | 0.37% |
Name | Weight |
|---|---|
| - | 1.29% |
| - | 1.16% |
| - | 1.1% |
| - | 1.08% |
| - | 0.97% |
| - | 0.93% |
| - | 0.91% |
| - | 0.9% |
| - | 0.89% |
| - | 0.89% |
| - | 0.88% |
| - | 0.87% |
| - | 0.85% |
| - | 0.85% |
| - | 0.85% |
| - | 0.8% |
| - | 0.78% |
| - | 0.77% |
| - | 0.77% |
| - | 0.76% |
| - | 0.75% |
| - | 0.74% |
| - | 0.73% |
| - | 0.73% |
| - | 0.72% |
| - | 0.72% |
| - | 0.71% |
| - | 0.7% |
| - | 0.7% |
| - | 0.68% |
Stock Correlation
The stocks that are correlated to FMHI - Traded Fund III First Trust Municipal High Income ETF are AMT, CUBE, SBAC, PSA, NNN
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| 46.48% | $95.81B | +6.15% | 3.21% | |
C CUBECubeSmart | 44.58% | $8.18B | -22.95% | 5.85% |
| 43.45% | $22.45B | -4.59% | 1.97% | |
P PSAPublic Storage | 43.38% | $46.72B | -9.21% | 4.54% |
N NNNNNN REIT, Inc. | 41.90% | $7.06B | -11.93% | 6.25% |
| 40.41% | $2.61B | +7.29% | 5.46% | |
T TUTELUS Corp. | 39.93% | $20.92B | -15.83% | 8.24% |
| 39.71% | $26.87B | -16.92% | 5.19% | |
| 39.49% | $7.59B | +20.92% | 4.32% | |
| 39.38% | $1.51B | 0.00% | 6.74% | |
| 39.08% | $46.61B | -3.88% | 6.12% | |
| 37.69% | $4.75B | +1.45% | 1.21% | |
| 37.39% | $11.81B | -3.51% | 3.19% | |
F FTSFortis, Inc. | 37.28% | $22.32B | +13.40% | 3.94% |
| 36.81% | $877.61M | -23.84% | 16.79% | |
| 36.66% | $7.82B | -12.68% | 17.17% | |
| 35.99% | $2.48B | -19.19% | 7.15% | |
| 35.92% | $27.47B | +15.61% | 2.18% | |
| 35.69% | $41.29B | -7.03% | 6.65% | |
| 35.25% | $5.98B | -3.40% | 3.75% | |
The stocks that are correlated to MMIN - NYLI MacKay Muni Insured ETF are AMT, PSA, CUBE, NNN, FCPT
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| 49.03% | $95.81B | +6.15% | 3.21% | |
P PSAPublic Storage | 47.95% | $46.72B | -9.21% | 4.54% |
C CUBECubeSmart | 47.80% | $8.18B | -22.95% | 5.85% |
N NNNNNN REIT, Inc. | 44.34% | $7.06B | -11.93% | 6.25% |
| 43.63% | $2.61B | +7.29% | 5.46% | |
| 43.51% | $26.87B | -16.92% | 5.19% | |
T TUTELUS Corp. | 42.18% | $20.92B | -15.83% | 8.24% |
| 40.99% | $22.45B | -4.59% | 1.97% | |
| 40.39% | $7.59B | +20.92% | 4.32% | |
| 40.12% | $1.51B | 0.00% | 6.74% | |
| 38.84% | $2.48B | -19.19% | 7.15% | |
| 38.69% | $46.61B | -3.88% | 6.12% | |
S SAFESafehold, Inc. | 38.25% | $1.08B | -28.36% | 4.77% |
F FTSFortis, Inc. | 38.17% | $22.32B | +13.40% | 3.94% |
| 37.92% | $41.29B | -7.03% | 6.65% | |
| 37.78% | $4.75B | +1.45% | 1.21% | |
| 37.55% | $31.08B | -1.31% | 5.87% | |
| 37.18% | $7.82B | -12.68% | 17.17% | |
| 36.42% | $333.24B | -7.24% | 2.75% | |
| 36.38% | $11.81B | -3.51% | 3.19% | |
ETF Correlation
The ETFs that are correlated to FMHI - Traded Fund III First Trust Municipal High Income ETF are FMB, TFI, NYF, VTEB, PZA
The ETFs that are correlated to MMIN - NYLI MacKay Muni Insured ETF are JMUB, TFI, MUB, VTEB, PZA
Holding Overlap
FMHI - Traded Fund III First Trust Municipal High Income ETF and MMIN - NYLI MacKay Muni Insured ETF have a 0 holding overlap. Which accounts for a 0.0% overlap.
Number of overlapping holdings
0
% of overlapping holdings
0%
Name | Weight in FMHI | Weight in MMIN |
|---|---|---|
News
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By Aditi GuptaMunicipal bond yields have become attractive to US taxpayers, in our view.
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In this article, we consider the current environment and congressional discussions related to the potential removal or cap of the municipal tax exemption.
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Stephanie Larosiliere shares why investment-grade corporate bonds continue to provide strong income & diversification benefits, while muni bonds add stability.
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Muni Market's Moment Of Truth: Tax-Exemption In Question
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Federal proposals to cut aid to state and local governments have many municipal bond investors questioning the potential consequences. Click to read.
MMINDisclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.
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