Continue to site >
Trending ETFs

First Trust Municipal CEF Income Opportunity ETF

Active ETF
MCEF
Dividend policy
No Change
Price as of:
$20.82 -0.05 -0.24%
primary theme
Municipal Bond
MCEF (ETF)

First Trust Municipal CEF Income Opportunity ETF

Dividend policy
No Change
Price as of:
$20.82 -0.05 -0.24%
primary theme
Municipal Bond
MCEF (ETF)

First Trust Municipal CEF Income Opportunity ETF

Dividend policy
No Change
Price as of:
$20.82 -0.05 -0.24%
primary theme
Municipal Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$20.82

$18.7 M

3.60%

$0.75

2.65%

Vitals

YTD Return

2.9%

1 yr return

15.6%

3 Yr Avg Return

10.3%

5 Yr Avg Return

4.9%

Net Assets

$18.7 M

Holdings in Top 10

41.5%

52 WEEK LOW AND HIGH

$20.9
$18.89
$21.67

Expenses

OPERATING FEES

Expense Ratio 2.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Muni National Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$20.82

$18.7 M

3.60%

$0.75

2.65%

MCEF - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Municipal CEF Income Opportunity ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Sep 27, 2016
  • Shares Outstanding
    900002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ken Fincher

Fund Description

Under normal market conditions, the fund seeks to achieve its investment objective 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 which invest primarily in municipal debt securities, some or all of which pay interest that is exempt from regular federal income taxes. It may also invest in exchange-traded funds ("ETFs").


MCEF - Performance

Return Ranking - Trailing

Period MCEF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -88.5% 100.3% 4.86%
1 Yr 15.6% -20.5% 20.4% 0.51%
3 Yr 10.3%* -6.2% 10.4% 0.27%
5 Yr 4.9%* -3.5% 6.8% 0.86%
10 Yr N/A* -0.2% 8.7% N/A

* Annualized

Return Ranking - Calendar

Period MCEF Return Category Return Low Category Return High Rank in Category (%)
2020 3.6% -91.1% 310.0% 3.23%
2019 13.4% -79.8% 15.4% 0.41%
2018 -8.1% -72.6% 97.2% 91.87%
2017 1.6% -100.0% 7.6% 44.69%
2016 N/A -35.9% 96.8% N/A

Total Return Ranking - Trailing

Period MCEF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -88.5% 100.3% 4.86%
1 Yr 15.6% -24.2% 24.2% 0.37%
3 Yr 10.3%* -7.0% 11.7% 0.34%
5 Yr 4.9%* -4.0% 6.8% 0.66%
10 Yr N/A* -0.6% 8.7% N/A

* Annualized

Total Return Ranking - Calendar

Period MCEF Return Category Return Low Category Return High Rank in Category (%)
2020 3.6% -91.1% 310.0% 3.23%
2019 13.4% -79.8% 15.4% 0.41%
2018 -8.1% -72.6% 11.0% 91.87%
2017 1.6% -100.0% 7.6% 48.77%
2016 N/A -35.9% 3.0% N/A

MCEF - Holdings

Concentration Analysis

MCEF Category Low Category High MCEF % Rank
Net Assets 18.7 M 878 K 87.9 B 97.55%
Number of Holdings 39 1 12437 69.32%
Net Assets in Top 10 7.72 M -308 M 3.93 B 67.84%
Weighting of Top 10 41.49% 2.3% 100.0% 31.73%

Top 10 Holdings

  1. Nuveen AMT-Free Quality Muni Inc 5.02%
  2. Nuveen AMT-Free Muni Credit Inc 5.01%
  3. Nuveen Quality Muni Income Fund 4.58%
  4. BlackRock MuniYield Qty III 4.09%
  5. BlackRock MuniYield Quality 4.06%
  6. Invesco Quality Muni Income Trust 4.00%
  7. BlackRock Muni Inter Duration 3.95%
  8. BlackRock MuniHoldings Fund 3.75%
  9. Nuveen Enhanced Muni Value 3.61%
  10. Nuveen Municipal Credit Opps Fund 3.60%

Asset Allocation

Weighting Return Low Return High MCEF % Rank
Bonds
104.16% 46.14% 145.79% 1.92%
Stocks
0.32% -1.11% 3.02% 1.76%
Convertible Bonds
0.00% -0.02% 1.09% 62.56%
Other
-0.04% -9.70% 30.00% 98.07%
Preferred Stocks
-1.07% -3.40% 1.04% 99.18%
Cash
-3.36% -45.79% 53.86% 97.91%

Stock Sector Breakdown

Weighting Return Low Return High MCEF % Rank
Utilities
0.00% 0.00% 0.00% 100.00%
Technology
0.00% 0.00% 0.00% 100.00%
Real Estate
0.00% 0.00% 0.00% 100.00%
Industrials
0.00% 0.00% 100.00% 87.50%
Healthcare
0.00% 0.00% 0.00% 100.00%
Financial Services
0.00% 0.00% 0.00% 100.00%
Energy
0.00% 0.00% 0.00% 100.00%
Communication Services
0.00% 0.00% 0.00% 100.00%
Consumer Defense
0.00% 0.00% 0.00% 100.00%
Consumer Cyclical
0.00% 0.00% 100.00% 100.00%
Basic Materials
0.00% 0.00% 19.70% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High MCEF % Rank
US
0.32% -1.11% 3.02% 1.76%
Non US
0.00% 0.00% 0.00% 62.39%

Bond Sector Breakdown

Weighting Return Low Return High MCEF % Rank
Municipal
97.92% 46.14% 100.00% 66.57%
Cash & Equivalents
2.00% 0.00% 53.86% 32.28%
Corporate
0.09% 0.00% 11.97% 11.76%
Derivative
0.00% 0.00% 1.12% 62.52%
Securitized
0.00% 0.00% 8.03% 63.05%
Government
0.00% 0.00% 50.79% 65.06%

Bond Geographic Breakdown

Weighting Return Low Return High MCEF % Rank
US
99.76% 0.00% 141.11% 30.07%
Non US
4.40% 0.00% 100.00% 12.04%

MCEF - Expenses

Operational Fees

MCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.65% 0.04% 4.23% 1.32%
Management Fee 0.75% 0.00% 1.60% 98.83%
12b-1 Fee 0.00% 0.00% 1.00% 9.22%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

MCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

MCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MCEF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 314.00% 52.36%

MCEF - Distributions

Dividend Yield Analysis

MCEF Category Low Category High MCEF % Rank
Dividend Yield 3.60% 0.00% 35.27% 65.36%

Dividend Distribution Analysis

MCEF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MCEF Category Low Category High MCEF % Rank
Net Income Ratio 3.49% -0.53% 24.00% 6.26%

Capital Gain Distribution Analysis

MCEF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

MCEF - Fund Manager Analysis

Managers

Ken Fincher


Start Date

Tenure

Tenure Rank

Sep 27, 2016

5.01

5.0%

Ken Fincher is a Senior Vice President and Portfolio Manager at First Trust. His current responsibilities include management of separately managed accounts that invest primarily in closed-end funds. He has also helped develop new product structures in the closed-end fund space. Mr. Fincher has been named Outstanding Individual Contributor to the Closed-End Fund Sector in 2007, 2006, 2005 and 2004 by financial analysts and his peers in the closed-end fund community and also served on the Closed-End Fund committee of the Investment Company Institute. Mr. Fincher received a B.A. in financial administration from Michigan State University and an M.B.A. from Loyola University Graduate School of Business.

Jordan Ramsland


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.75

2.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 36.52 7.22 0.91