First Trust Managed Municipal I (CWAIX)

Fund Assets	47.54M
Expense Ratio	0.50%
Min. Investment	$1,000,000
Turnover	33.00%
Dividend (ttm)	0.77
Dividend Yield	3.97%
Dividend Growth	n/a
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	19.20
YTD Return	-3.22%
1-Year Return	-1.86%
5-Year Return	n/a
52-Week Low	18.96
52-Week High	20.73
Beta (5Y)	0.27
Holdings	104
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.

• Fund Family: First Trust
• Category: Muni National Interm
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: CWAIX
• Share Class: Class I
• Index: Index is not available on Lipper Database

Performance

CWAIX had a total return of -1.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.66%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
CWAAX	Class A	0.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.064	Sep 30, 2026
Aug 31, 2026	$0.064	Aug 31, 2026
Jul 31, 2026	$0.062	Jul 31, 2026
Jun 30, 2026	$0.062	Jun 30, 2026
May 29, 2026	$0.062	May 29, 2026
Apr 30, 2026	$0.062	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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