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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.88% -0.12% 15.99M 3080.23
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
3.65% 27.00% 3.302M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide current income. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal debt securities are generally issued by or on behalf of states, territories or possessions of the United States and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
Bloomberg Municipal Long 22+ Yr TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Ken Fincher 7.51 yrs
Johnathan Wilhelm 1.97 yrs
Thomas Byron 1.97 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 18, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
5.57%
-4.67%
16.89%
7.19%
8.27%
-19.93%
8.97%
-0.57%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
-1.44%
7.46%
-8.04%
15.95%
4.75%
3.86%
-15.08%
1.88%
0.86%
8.75%
-4.90%
16.60%
5.36%
9.77%
-27.90%
10.39%
-1.64%
8.63%
-0.95%
15.59%
9.38%
3.60%
-12.53%
4.52%
--
14.50%
3.89%
13.25%
8.74%
4.74%
-21.94%
6.45%
0.41%
As of April 18, 2024.

Asset Allocation

As of April 15, 2024.
Type % Net % Long % Short
Cash 2.42% Upgrade Upgrade
Stock 0.01% Upgrade Upgrade
Bond 97.61% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred -0.04% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to provide current income. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal debt securities are generally issued by or on behalf of states, territories or possessions of the United States and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
Bloomberg Municipal Long 22+ Yr TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Ken Fincher 7.51 yrs
Johnathan Wilhelm 1.97 yrs
Thomas Byron 1.97 yrs

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