First Trust Managed Municipal I (CWAIX)
| Fund Assets | 58.17M |
| Expense Ratio | 0.90% |
| 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 | 20.64 |
| YTD Return | 1.28% |
| 1-Year Return | 1.57% |
| 5-Year Return | n/a |
| 52-Week Low | 19.51 |
| 52-Week High | 20.65 |
| Beta (5Y) | 0.28 |
| Holdings | 119 |
| Inception Date | Jun 15, 2022 |
About CWAIX
First Trust Managed Municipal Fund is a fixed income mutual fund focused primarily on investing in municipal bonds within the United States. Its primary objective is to generate current income that is exempt from federal income taxes, appealing to investors seeking tax-advantaged income streams. The fund employs active management, applying a variety of investment techniques and risk assessments to navigate shifting market conditions and credit environments. By targeting municipal securities, it plays a significant role in financing local and state government projects, which can support infrastructure, education, and public services. The fund’s structure may provide diversification across different municipalities and credit qualities within the municipal bond sector, though it remains subject to risks such as interest rate fluctuation, changes in tax law, and potential credit events in municipal issuers. Its focus on tax-exempt income positions it as a relevant component for investors managing tax liability, and it contributes to the broader fixed income market by supporting municipal funding and offering liquidity to this segment.
Performance
CWAIX had a total return of 1.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.88%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| CWAAX | Class A | 0.65% |
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% |