First Trust Managed Municipal A (CWAAX)
| Fund Assets | 58.17M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000,000 |
| Turnover | 33.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | n/a |
| YTD Return | 1.28% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 20.28 |
| 52-Week High | 21.45 |
| Beta (5Y) | n/a |
| Holdings | 119 |
| Inception Date | n/a |
About CWAAX
First Trust Managed Municipal Fund, Class A is an actively managed open-end mutual fund focused on U.S. municipal bonds. Its primary objective is to generate current income that is exempt from federal income taxes, positioning it as a tax-aware option within fixed income allocations. The portfolio invests across a diversified mix of municipal issuers and structures, with flexibility to use techniques such as tender option bonds and inverse floaters, which can introduce leverage and heighten volatility relative to traditional fixed-rate muni bonds. The fund’s mandate spans sectors tied to state and local financing needs—such as transportation, utilities, and essential public services—reflecting the broader municipal market’s role in funding infrastructure and community development. As an actively managed strategy, it applies credit research and risk analysis to navigate interest-rate shifts, issuer-specific developments, and liquidity dynamics unique to municipal securities. The share class carries a distribution fee level categorized as high by third-party data, and the strategy maintains a modest asset base relative to large muni peers, as indicated by independent fund trackers. Investors often reference performance and holdings via major market data providers for ongoing oversight.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| CWAIX | Class I | 0.90% |
Top 10 Holdings
17.01% of assets| Name | Symbol | Weight |
|---|---|---|
| KERN CA CMNTY CLG DIST - Kern Community College District | CA.KERHGR 5.25 08.01.2040 | 1.81% |
| City of Yonkers NY | NY.YON 5 11.15.2039 | 1.80% |
| CONSOL MUNI ELEC PWR SYS WY JT - Consolidated Municipalities Electric Power Systems Joint Powers Board | WY.CWMGEN 5.25 06.01.2040 | 1.78% |
| PENNSYLVANIA ST ECON DEV FING - Pennsylvania Economic Development Financing Authority | PA.PASDEV 5.5 06.30.2037 | 1.77% |
| BOYLE CNTY KY EDUCTNL FACS REV - County of Boyle KY | KY.BYLEDU 5.25 06.01.2043 | 1.71% |
| LAKEWOOD RANCH FL STEWARDSHIP - Lakewood Ranch Stewardship District Utility Revenue | FL.LKRUTL 5.25 10.01.2048 | 1.71% |
| PORT OF PORTLAND OR ARPT REVEN - Port of Portland OR Airport Revenue | OR.PTPAPT 5 07.01.2030 | 1.69% |
| DENVER CITY & CNTY CO ARPT REV - City & County of Denver CO Airport System Revenue | CO.DENAPT 5.5 11.15.2033 | 1.69% |
| MARYLAND ST ECON DEV CORP - Maryland Economic Development Corp | MD.MDSDEV 10.01.2036 | 1.67% |
| CALIFORNIA CMNTY CHOICE FING A - California Community Choice Financing Authority | CA.CCEDEV 02.01.2052 | 1.38% |