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 2.65 %
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 January 2021
Asset Under Management 9.11 Million (USD)
1 Month Total Return 2.32 %
Year To Date Return 0.34 %
1 Year Total Return 5.60 %
3 Year Annualized Total Return 6.48 %
NAV 20.24
Share Outstanding 450,002
Top 10 Holdings (21 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
NUVEEN AMT-FR QU MUNI INC FD NEA MUTU 0.0505433524
Nuveen AMT-Free Municipal Credit Income Fund BOND 0.0499121432
NUVEEN QUAL MUNI INCOME FD NAD MUTU 0.0453404601
NUVEEN MUNI VALUE FD NUV MUTU 0.0415594990
BlackRock Muni Intermediate Duration Fund Inc. BOND 0.0390059192
INVESCO QUALITY MUNI INC TR IQI MUTU 0.0370974035
BLACKROCK MUNIYIELD QUALITY MYI MUTU 0.0369102872
NUVEEN ENH MUNI VALUE FD NEV MUTU 0.0366833513
NUVEEN MUNI CREDIT INC FD NZF MUTU 0.0337990934
BlackRock Municipal 2030 Target Term Trust BOND 0.0325378487