First Trust Municipal Closed-End Fund Index (MNCEF)
Components as of 10/3/2025

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 9.79%
Nuveen Quality Municipal Income Fund NAD 7.86%
Nuveen AMT-Free Municipal Credit Income Fund NVG 7.61%
Nuveen Municipal Credit Income Fund NZF 6.99%
Nuveen Municipal Value Fund, Inc. NUV 5.43%
BlackRock Municipal 2030 Target Term Trust BTT 4.18%
Nuveen Municipal High Income Opportunity Fund NMZ 3.56%
PIMCO Municipal Income Fund II PML 2.87%
BlackRock MuniYield Quality Fund, Inc. MQY 2.43%
Nuveen Select Tax-Free Income Portfolio NXP 2.18%
BlackRock MuniYield Quality Fund III, Inc. MYI 2.12%
Invesco Municipal Opportunity Trust VMO 1.87%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.81%
Nuveen Municipal Credit Opportunities Fund NMCO 1.75%
BlackRock MuniHoldings Fund, Inc. MHD 1.75%
Invesco Value Municipal Income Trust IIM 1.68%
Invesco Trust for Investment Grade Municipals VGM 1.62%
Western Asset Managed Municipals Fund Inc. MMU 1.62%
Invesco Municipal Trust VKQ 1.56%
Eaton Vance Municipal Bond Fund EIM 1.56%
Invesco Quality Municipal Income Trust IQI 1.50%
BlackRock Municipal Income Trust II BLE 1.43%
BlackRock MuniYield Fund, Inc. MYD 1.37%
BlackRock Municipal Income Trust BFK 1.25%
BlackRock MuniAssets Fund, Inc. MUA 1.25%
Eaton Vance Municipal Income Trust EVN 1.25%
Invesco Advantage Municipal Income Trust II VKI 1.12%
BNY Mellon Strategic Municipals, Inc. LEO 1.12%
BlackRock MuniVest Fund, Inc. MVF 1.12%
DWS Municipal Income Trust KTF 1.06%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.94%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.87%
Neuberger Berman Municipal Fund Inc. NBH 0.87%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.87%
BlackRock Municipal Income Quality Trust BYM 0.81%
Invesco Municipal Income Opportunities Trust OIA 0.81%
RiverNorth Managed Duration Municipal Income Fund RMM 0.81%
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD 0.81%
Putnam Municipal Opportunities Trust PMO 0.81%
Putnam Managed Municipal Income Trust PMM 0.75%
Nuveen AMT-Free Municipal Value Fund NUW 0.75%
Eaton Vance National Municipal Opportunities Trust EOT 0.75%
Eaton Vance Municipal Income 2028 Term Trust ETX 0.62%
MFS Municipal Income Trust MFM 0.62%
BlackRock MuniYield Quality Fund II, Inc. MQT 0.62%
BlackRock MuniHoldings Quality Fund II, Inc. MUE 0.62%
BlackRock MuniVest Fund II, Inc. MVT 0.62%
BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB 0.56%
BlackRock Investment Quality Municipal Trust, Inc. BKN 0.56%
Western Asset Municipal High Income Fund Inc. MHF 0.50%
RiverNorth Managed Duration Municipal Income Fund II RMMZ 0.37%
BlackRock Long-Term Municipal Advantage Trust BTA 0.37%
abrdn National Municipal Income Fund VFL 0.37%
Federated Hermes Premier Municipal Income Fund FMN 0.37%
MFS High Income Municipal Trust CXE 0.31%
Western Asset Intermediate Muni Fund Inc. SBI 0.31%
Nuveen Municipal Income Fund, Inc. NMI 0.31%
Nuveen Select Maturities Municipal Fund NIM 0.31%