First Trust Managed Municipal Fund A (CWAAX)
20.42
0.00 (0.00%)
USD |
May 01 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.90% | 54.49M | -- | 33.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -19.38M | 5.83% |
Basic Info
| Investment Strategy | |
| The Fund seeks to generate current income that is exempt from federal income taxes and its secondary objective is long term capital appreciation. The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets in municipal debt securities paying interest exempted from federal income taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | First Trust |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
57
-99.16M
Peer Group Low
809.96M
Peer Group High
1 Year
% Rank:
61
-19.38M
-787.31M
Peer Group Low
6.079B
Peer Group High
3 Months
% Rank:
61
-397.00M
Peer Group Low
1.450B
Peer Group High
3 Years
% Rank:
61
-4.696B
Peer Group Low
16.26B
Peer Group High
6 Months
% Rank:
61
-636.26M
Peer Group Low
2.119B
Peer Group High
5 Years
% Rank:
40
-8.303B
Peer Group Low
33.26B
Peer Group High
YTD
% Rank:
65
-391.95M
Peer Group Low
1.826B
Peer Group High
10 Years
% Rank:
57
-7.333B
Peer Group Low
45.51B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 03, 2026.
Asset Allocation
As of January 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.02% |
| Stock | 0.00% |
| Bond | 98.47% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.51% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| KERN CALIF CMNTY COLLEGE DIST CA 5.250 08/01/2040 | 1.95% | 113.15 | -0.01% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV PA 5.500 06/30/2037 | 1.91% | 109.06 | -0.00% |
| YONKERS N Y NY 5.000 11/15/2039 | 1.91% | 108.78 | 0.02% |
| CONSOLIDATED WYO MUNICIPALTIES ELEC PWR SYS JT PWRS BRD REV WY 5.250 06/01/2040 | 1.91% | 107.89 | -0.01% |
| LAKEWOOD RANCH STEWARDSHIP DIST FLA UTIL REV FL 5.250 10/01/2048 | 1.80% | 105.43 | -0.00% |
| PORT PORTLAND ORE ARPT REV OR 5.000 07/01/2030 | 1.80% | 107.40 | -0.01% |
| DENVER COLO CITY & CNTY ARPT REV CO 5.500 11/15/2033 | 1.79% | 113.26 | 0.02% |
| MARYLAND ST ECONOMIC DEV CORP REV MD 4.100 10/01/2036 | 1.77% | 101.63 | 0.00% |
|
Other Assets less Liabilities
|
1.52% | -- | -- |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 4.000 02/01/2052 | 1.45% | 100.98 | 0.05% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.30% |
| Administration Fee | 237.0% |
| Maximum Front Load | 3.50% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 50.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to generate current income that is exempt from federal income taxes and its secondary objective is long term capital appreciation. The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets in municipal debt securities paying interest exempted from federal income taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | First Trust |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (5-1-26) | 3.40% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 113 |
| Bond | |
| Yield to Maturity (1-31-26) | 3.93% |
| Effective Duration | 6.85 |
| Average Coupon | 4.90% |
| Calculated Average Quality | 2.945 |
| Effective Maturity | 13.57 |
| Nominal Maturity | 15.75 |
| Number of Bond Holdings | 110 |
As of January 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 3/4/2025 |
| Last Annual Report Date | 10/31/2025 |
| Last Prospectus Date | 3/2/2026 |
| Share Classes | |
| CWAIX | Inst |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | -- |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:CWAAX", "name") |
| Broad Asset Class: =YCI("M:CWAAX", "broad_asset_class") |
| Broad Category: =YCI("M:CWAAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:CWAAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |