MCEF

First Trust Municipal CEF Income Opportunity ETF
*Unless otherwise stated, data provided by FactSet.

MCEF Fund Description

MCEF is an actively managed fund-of-funds that invests in US municipal bond CEFs of various sectors, credit qualities, and leverage levels.

MCEF Factset Analytics Insight

MCEF has a fund-of-CEFs (closed-end funds) structure with a wide investment mandate. It selects from the municipal bond CEF universe regardless of strategy, sector, credit quality, and leverage exposure to generate current income. The fund manager uses a proprietary model to sort, evaluate, and select individual CEFs based on a range of fundamental and technical factors. The factors include but are not limited to fund size, duration, premium or discount, leverage, net asset value, and share price returns. CEFs can provide attractive current income due to their ability to employ structural leverage of up to 33%. As many CEFs are actively managed funds, MCEF’s management team is essentially picking other managers for their ability to select investments.

PERFORMANCE [as of 06/10/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MCEF 0.79% 5.22% 4.95% 16.99% 8.66% -- --
MCEF (NAV) 0.75% 4.96% 5.07% 16.65% 8.79% -- --
No Underlying Index -- -- -- -- -- -- --
Barclays Municipal Bond 0.71% 1.74% 1.43% 5.10% 5.29% 3.51% 4.32%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MCEF Summary Data

First Trust
09/27/16
Open-Ended Fund
2.65%
$13.72M
$110.54K
0.56%

MCEF Portfolio Data

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N/A
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MCEF Index Data

No Underlying Index
Proprietary
Proprietary
Barclays Municipal Bond

MCEF Portfolio Management

2.65%
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MCEF Tax Exposures

20.00% / 39.60%
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Ordinary income
No

MCEF Fund Structure

Open-Ended Fund
No
No
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N/A
N/A
High
Daily

MCEF Factset Analytics Block Liquidity

As of 06/11/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MCEF. MCEF is rated a N/A out of 5.

MCEF Tradability

5,301
$110.54K
3,849
$79.92K
0.56%
$0.12
0.03%
1.14% / -0.88%
None
100.00%
50,000
0.08
0.05%
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0
$21.11
N/A

MCEF Top 10 Holdings[View All]

5.04%
5.01%
4.56%
4.03%
3.98%
3.96%
3.85%
3.56%
3.51%
3.43%
40.93%

MCEF Performance Statistics

0.15
1.36
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MCEF Holdings Statistics

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MCEF Avg Life Maturity Distribution

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MCEF OAS Breakdown

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