MCEF

Fund Description
The First Trust Municipal CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Funds investment objective is to provide current income. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges ( Closed-End Funds ) which invest primarily in municipal debt securities some or all of which pay interest that is exempt from regular federal income taxes (collectively, Municipal Securities ).
Fund Profile
Fund Name First Trust Municipal CEF Income Opportunity ETF
Fund Exchange Ticker MCEF
Fund Sponsor First Trust
Fund ISIN US33740F5089
Net Expense Ratio 2.37 %
Fund Inception Date 27 September 2016
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 10.37 Million (USD)
1 Month Total Return 1.05 %
Year To Date Return 11.06 %
1 Year Total Return 9.32 %
3 Year Annualized Total Return
NAV 18.85
Share Outstanding 550,002
Top 10 Holdings (21 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
BlackRock Municipal 2030 Target Term Trust BOND 0.0506000000
Nuveen AMT-Free Municipal Credit Income Fund BOND 0.0465000000
Nuveen Municipal Value Fund Inc. BOND 0.0406000000
Nuveen Intermediate Duration Municipal Term Fund BOND 0.0406000000
BlackRock Muni Intermediate Duration Fund Inc. BOND 0.0395000000
BlackRock MuniYield Quality Fund III Inc. BOND 0.0367000000
NUVEEN MUNI CREDIT INC FD NZF MUTU 0.0356000000
Nuveen Enhanced Municipal Value Fund BOND 0.0344000000
Western Asset Municipal Partners Fund Inc. BOND 0.0341000000
MainStay DefinedTerm Municipal Opportunities Fund BOND 0.0319000000