First Trust Managed Municipal A (CWAAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

20.78

-0.03 (-0.14%)

At close: Aug 26, 2026

4.42% (1Y)

Fund Assets	50.82M
Expense Ratio	0.90%
Min. Investment	$2,500
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	20.81
YTD Return	3.13%
1-Year Return	6.53%
5-Year Return	n/a
52-Week Low	12.56
52-Week High	20.79
Beta (5Y)	n/a
Holdings	104
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.

Fund Family First Trust

Category Muni National Interm

Performance Rating Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol CWAAX

Share Class Class A

Performance

CWAAX had a total return of 6.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.76%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
CWAIX	Class I	0.65%