First Trust Municipal Closed-End Fund Total Return Index (MNCEFT)
Components as of 1/29/2026

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 9.91%
Nuveen Quality Municipal Income Fund NAD 8.05%
Nuveen AMT-Free Municipal Credit Income Fund NVG 7.80%
Nuveen Municipal Credit Income Fund NZF 6.84%
Nuveen Municipal Value Fund, Inc. NUV 5.37%
BlackRock Municipal 2030 Target Term Trust BTT 4.15%
Nuveen Municipal High Income Opportunity Fund NMZ 3.51%
PIMCO Municipal Income Fund II PML 2.75%
BlackRock MuniYield Quality Fund, Inc. MQY 2.36%
BlackRock MuniYield Quality Fund III, Inc. MYI 2.11%
Nuveen Select Tax-Free Income Portfolio NXP 2.11%
Invesco Municipal Opportunity Trust VMO 1.85%
BlackRock MuniHoldings Fund, Inc. MHD 1.79%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.79%
Nuveen Municipal Credit Opportunities Fund NMCO 1.66%
Western Asset Managed Municipals Fund Inc. MMU 1.66%
Invesco Value Municipal Income Trust IIM 1.66%
Invesco Trust for Investment Grade Municipals VGM 1.60%
Invesco Municipal Trust VKQ 1.53%
Invesco Quality Municipal Income Trust IQI 1.53%
Eaton Vance Municipal Bond Fund EIM 1.47%
BlackRock MuniYield Fund, Inc. MYD 1.41%
BlackRock Municipal Income Trust II BLE 1.41%
BlackRock Municipal Income Trust BFK 1.28%
BlackRock MuniAssets Fund, Inc. MUA 1.21%
Eaton Vance Municipal Income Trust EVN 1.21%
Invesco Advantage Municipal Income Trust II VKI 1.15%
BNY Mellon Strategic Municipals, Inc. LEO 1.15%
BlackRock MuniVest Fund, Inc. MVF 1.09%
DWS Municipal Income Trust KTF 1.02%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.89%
Neuberger Municipal Fund Inc. NBH 0.89%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.89%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.89%
RiverNorth Managed Duration Municipal Income Fund RMM 0.83%
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD 0.83%
Putnam Municipal Opportunities Trust PMO 0.83%
BlackRock Municipal Income Quality Trust BYM 0.83%
Invesco Municipal Income Opportunities Trust OIA 0.83%
Eaton Vance National Municipal Opportunities Trust EOT 0.77%
Putnam Managed Municipal Income Trust PMM 0.77%
Nuveen AMT-Free Municipal Value Fund NUW 0.77%
MFS Municipal Income Trust MFM 0.64%
BlackRock MuniYield Quality Fund II, Inc. MQT 0.64%
BlackRock MuniHoldings Quality Fund II, Inc. MUE 0.64%
BlackRock MuniVest Fund II, Inc. MVT 0.64%
BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB 0.58%
BlackRock Investment Quality Municipal Trust, Inc. BKN 0.58%
Eaton Vance Municipal Income 2028 Term Trust ETX 0.58%
Western Asset Municipal High Income Fund Inc. MHF 0.45%
RiverNorth Managed Duration Municipal Income Fund II RMMZ 0.38%
Federated Hermes Premier Municipal Income Fund FMN 0.38%
BlackRock Long-Term Municipal Advantage Trust BTA 0.38%
abrdn National Municipal Income Fund VFL 0.38%
MFS High Income Municipal Trust CXE 0.32%
Western Asset Intermediate Muni Fund Inc. SBI 0.32%
Nuveen Municipal Income Fund, Inc. NMI 0.32%
Nuveen Select Maturities Municipal Fund NIM 0.32%