First Trust Managed Municipal Fund A (CWAAX)
19.19
-0.03
(-0.16%)
USD |
Oct 06 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.75% | 47.64M | -- | 33.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -18.36M | -2.07% |
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:
28
-983.27M
Peer Group Low
4.639B
Peer Group High
1 Year
% Rank:
59
-18.36M
-719.05M
Peer Group Low
11.81B
Peer Group High
3 Months
% Rank:
41
-918.43M
Peer Group Low
6.032B
Peer Group High
3 Years
% Rank:
50
-4.810B
Peer Group Low
23.49B
Peer Group High
6 Months
% Rank:
46
-362.62M
Peer Group Low
9.809B
Peer Group High
5 Years
% Rank:
--
-8.668B
Peer Group Low
40.20B
Peer Group High
YTD
% Rank:
52
-464.71M
Peer Group Low
9.358B
Peer Group High
10 Years
% Rank:
--
-7.602B
Peer Group Low
54.24B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 08, 2026.
Asset Allocation
As of April 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 97.56% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 2.44% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
OTHER ASSETS LESS LIABILITIES
|
2.32% | -- | -- |
| KERN CALIF CMNTY COLLEGE DIST CA 5.250 08/01/2040 | 2.14% | 104.49 | -0.50% |
| YONKERS N Y NY 5.000 11/15/2039 | 2.10% | 103.32 | -0.17% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV PA 5.500 06/30/2037 | 2.10% | 102.92 | -0.52% |
| CONSOLIDATED WYO MUNICIPALTIES ELEC PWR SYS JT PWRS BRD REV WY 5.250 06/01/2040 | 2.10% | 101.48 | -0.48% |
| PORT PORTLAND ORE ARPT REV OR 5.000 07/01/2030 | 2.00% | 103.03 | -0.19% |
| DENVER COLO CITY & CNTY ARPT REV CO 5.500 11/15/2033 | 1.98% | 106.37 | -0.52% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 4.000 02/01/2052 | 1.64% | 97.33 | -0.56% |
| PENNSYLVANIA ST TPK COMMN TPK REV PA 5.000 12/01/2039 | 1.58% | 101.59 | -0.52% |
| SOUTH CAROLINA ST PUB SVC AUTH REV SC 5.000 12/01/2045 | 1.55% | 97.73 | -0.36% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.30% |
| Administration Fee | 237.00 None |
| 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 |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
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 (10-6-26) | 3.63% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 106 |
| Bond | |
| Yield to Maturity (4-30-26) | 4.02% |
| Effective Duration | 7.72 |
| Average Coupon | 4.91% |
| Calculated Average Quality | 2.980 |
| Effective Maturity | 14.11 |
| Nominal Maturity | 15.75 |
| Number of Bond Holdings | 101 |
As of April 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 3/4/2025 |
| Last Annual Report Date | 10/31/2025 |
| Last Prospectus Date | 7/1/2026 |
| 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. |