First Trust Municipal Closed-End Fund Index (MNCEF)
Components as of 7/15/2026

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 9.61%
Nuveen Quality Municipal Income Fund NAD 7.70%
Nuveen AMT-Free Municipal Credit Income Fund NVG 7.64%
Nuveen Municipal Credit Income Fund NZF 6.78%
Nuveen Municipal High Income Opportunity Fund NMZ 6.16%
BlackRock MuniHoldings Fund, Inc. MHD 5.73%
Nuveen Municipal Value Fund, Inc. NUV 5.30%
BlackRock MuniYield Quality Fund, Inc. MQY 4.81%
BlackRock Municipal 2030 Target Term Trust BTT 4.00%
BlackRock MuniYield Quality Fund III, Inc. MYI 3.70%
PIMCO Municipal Income Fund II PML 2.59%
Nuveen Select Tax-Free Income Portfolio NXP 2.53%
Invesco Municipal Opportunity Trust VMO 1.85%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.73%
Nuveen Municipal Credit Opportunities Fund NMCO 1.66%
Invesco Value Municipal Income Trust IIM 1.66%
Western Asset Managed Municipals Fund Inc. MMU 1.60%
Invesco Trust for Investment Grade Municipals VGM 1.60%
Invesco Municipal Trust VKQ 1.54%
BlackRock MuniAssets Fund, Inc. MUA 1.54%
Invesco Quality Municipal Income Trust IQI 1.48%
Eaton Vance Municipal Bond Fund EIM 1.42%
Eaton Vance Municipal Income Trust EVN 1.23%
Invesco Advantage Municipal Income Trust II VKI 1.17%
BNY Mellon Strategic Municipals, Inc. LEO 1.11%
DWS Municipal Income Trust KTF 0.99%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.92%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.86%
Neuberger Municipal Fund Inc. NBH 0.86%
Invesco Municipal Income Opportunities Trust OIA 0.80%
Franklin Managed Municipal Income Trust PMM 0.80%
Franklin Municipal Opportunities Trust PMO 0.80%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.80%
RiverNorth Managed Duration Municipal Income Fund RMM 0.80%
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD 0.80%
Eaton Vance National Municipal Opportunities Trust EOT 0.74%
Nuveen AMT-Free Municipal Value Fund NUW 0.74%
Aberdeen Municipal Income Fund MFM 0.62%
BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB 0.55%
Western Asset Municipal High Income Fund Inc. MHF 0.43%
RiverNorth Managed Duration Municipal Income Fund II RMMZ 0.37%
abrdn National Municipal Income Fund VFL 0.37%
Federated Hermes Premier Municipal Income Fund FMN 0.37%
Nuveen Municipal Income Fund, Inc. NMI 0.37%
Nuveen Select Maturities Municipal Fund NIM 0.31%
Western Asset Intermediate Muni Fund Inc. SBI 0.31%
RiverNorth Opportunistic Municipal Income Fund RMI 0.25%