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First Trust Municipal Closed-End Fund Total Return Index (MNCEFT)
Components as of 11/9/2026

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 9.63%
Nuveen Quality Municipal Income Fund NAD 7.64%
Nuveen AMT-Free Municipal Credit Income Fund NVG 7.51%
Nuveen Municipal Credit Income Fund NZF 6.80%
Nuveen Municipal High Income Opportunity Fund NMZ 5.84%
BlackRock MuniHoldings Fund, Inc. MHD 5.71%
Nuveen Municipal Value Fund, Inc. NUV 5.33%
BlackRock MuniYield Quality Fund, Inc. MQY 4.81%
BlackRock Municipal 2030 Target Term Trust BTT 4.30%
BlackRock MuniYield Quality Fund III, Inc. MYI 3.72%
PIMCO Municipal Income Fund II PML 2.63%
Nuveen Select Tax-Free Income Portfolio NXP 2.57%
BlackRock MuniAssets Fund, Inc. MUA 1.99%
Invesco Municipal Opportunity Trust VMO 1.80%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.67%
Invesco Value Municipal Income Trust IIM 1.60%
Invesco Trust for Investment Grade Municipals VGM 1.54%
Nuveen Municipal Credit Opportunities Fund NMCO 1.54%
Aberdeen Municipal Income Fund MFM 1.54%
Western Asset Managed Municipals Fund Inc. MMU 1.54%
Invesco Municipal Trust VKQ 1.48%
Invesco Quality Municipal Income Trust IQI 1.48%
Eaton Vance Municipal Bond Fund EIM 1.41%
Eaton Vance Municipal Income Trust EVN 1.22%
BNY Mellon Strategic Municipals, Inc. LEO 1.16%
Invesco Advantage Municipal Income Trust II VKI 1.16%
DWS Municipal Income Trust KTF 0.96%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.90%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.90%
Franklin Managed Municipal Income Trust PMM 0.83%
Franklin Municipal Opportunities Trust PMO 0.83%
Invesco Municipal Income Opportunities Trust OIA 0.83%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.83%
Neuberger Municipal Fund Inc. NBH 0.83%
Nuveen AMT-Free Municipal Value Fund NUW 0.77%
Eaton Vance National Municipal Opportunities Trust EOT 0.77%
RiverNorth Managed Duration Municipal Income Fund RMM 0.77%
NYLIM MacKay DefinedTerm Muni Opportunities Fund MMD 0.77%
BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB 0.58%
Western Asset Municipal High Income Fund Inc. MHF 0.45%
Federated Hermes Premier Municipal Income Fund FMN 0.39%
Nuveen Municipal Income Fund, Inc. NMI 0.39%
Western Asset Intermediate Muni Fund Inc. SBI 0.32%
RiverNorth Opportunistic Municipal Income Fund RMI 0.26%

 
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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