First Trust Municipal Closed-End Fund Total Return Index (MNCEFT)
Components as of 9/17/2026

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 9.63%
Nuveen Quality Municipal Income Fund NAD 7.57%
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 6.16%
BlackRock MuniHoldings Fund, Inc. MHD 5.71%
Nuveen Municipal Value Fund, Inc. NUV 5.46%
BlackRock MuniYield Quality Fund, Inc. MQY 4.75%
BlackRock Municipal 2030 Target Term Trust BTT 4.24%
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%
Invesco Municipal Opportunity Trust VMO 1.86%
Invesco Value Municipal Income Trust IIM 1.73%
Nuveen Municipal Credit Opportunities Fund NMCO 1.67%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.67%
Invesco Trust for Investment Grade Municipals VGM 1.60%
Invesco Municipal Trust VKQ 1.54%
Invesco Quality Municipal Income Trust IQI 1.54%
Western Asset Managed Municipals Fund Inc. MMU 1.54%
BlackRock MuniAssets Fund, Inc. MUA 1.48%
Eaton Vance Municipal Bond Fund EIM 1.41%
Eaton Vance Municipal Income Trust EVN 1.22%
Invesco Advantage Municipal Income Trust II VKI 1.16%
BNY Mellon Strategic Municipals, Inc. LEO 1.09%
DWS Municipal Income Trust KTF 1.03%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.90%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.90%
NYLIM MacKay DefinedTerm Muni Opportunities Fund MMD 0.83%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.83%
Invesco Municipal Income Opportunities Trust OIA 0.83%
Franklin Municipal Opportunities Trust PMO 0.83%
Neuberger Municipal Fund Inc. NBH 0.83%
Franklin Managed Municipal Income Trust PMM 0.77%
Eaton Vance National Municipal Opportunities Trust EOT 0.77%
RiverNorth Managed Duration Municipal Income Fund RMM 0.77%
Nuveen AMT-Free Municipal Value Fund NUW 0.71%
Aberdeen Municipal Income Fund MFM 0.64%
BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB 0.58%
Western Asset Municipal High Income Fund Inc. MHF 0.45%
RiverNorth Managed Duration Municipal Income Fund II RMMZ 0.39%
Federated Hermes Premier Municipal Income Fund FMN 0.39%
Nuveen Municipal Income Fund, Inc. NMI 0.39%
Nuveen Select Maturities Municipal Fund NIM 0.32%
Western Asset Intermediate Muni Fund Inc. SBI 0.32%
RiverNorth Opportunistic Municipal Income Fund RMI 0.26%