First Trust Municipal Closed-End Fund Total Return Index (MNCEFT)
Components as of 3/19/2026

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 10.97%
Nuveen Quality Municipal Income Fund NAD 8.80%
Nuveen AMT-Free Municipal Credit Income Fund NVG 8.54%
Nuveen Municipal Credit Income Fund NZF 7.62%
Nuveen Municipal Value Fund, Inc. NUV 5.98%
BlackRock Municipal 2030 Target Term Trust BTT 4.54%
Nuveen Municipal High Income Opportunity Fund NMZ 3.88%
PIMCO Municipal Income Fund II PML 3.02%
BlackRock MuniYield Quality Fund, Inc. MQY 2.56%
Nuveen Select Tax-Free Income Portfolio NXP 2.36%
BlackRock MuniYield Quality Fund III, Inc. MYI 2.30%
Invesco Municipal Opportunity Trust VMO 2.04%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.97%
Invesco Value Municipal Income Trust IIM 1.90%
BlackRock MuniHoldings Fund, Inc. MHD 1.90%
Nuveen Municipal Credit Opportunities Fund NMCO 1.84%
Invesco Trust for Investment Grade Municipals VGM 1.77%
Western Asset Managed Municipals Fund Inc. MMU 1.77%
Invesco Municipal Trust VKQ 1.71%
Invesco Quality Municipal Income Trust IQI 1.64%
Eaton Vance Municipal Bond Fund EIM 1.58%
Eaton Vance Municipal Income Trust EVN 1.31%
BlackRock MuniAssets Fund, Inc. MUA 1.31%
Invesco Advantage Municipal Income Trust II VKI 1.25%
BNY Mellon Strategic Municipals, Inc. LEO 1.25%
DWS Municipal Income Trust KTF 1.12%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.98%
Neuberger Municipal Fund Inc. NBH 0.98%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.98%
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD 0.92%
Putnam Municipal Opportunities Trust PMO 0.92%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.92%
Invesco Municipal Income Opportunities Trust OIA 0.92%
Eaton Vance National Municipal Opportunities Trust EOT 0.85%
Putnam Managed Municipal Income Trust PMM 0.85%
RiverNorth Managed Duration Municipal Income Fund RMM 0.85%
Nuveen AMT-Free Municipal Value Fund NUW 0.79%
MFS Municipal Income Trust MFM 0.72%
Eaton Vance Municipal Income 2028 Term Trust ETX 0.66%
BNY Mellon Municipal Bond Infrastructure Fund, Inc. DMB 0.66%
Western Asset Municipal High Income Fund Inc. MHF 0.46%
RiverNorth Managed Duration Municipal Income Fund II RMMZ 0.39%
Nuveen Select Maturities Municipal Fund NIM 0.39%
abrdn National Municipal Income Fund VFL 0.39%
Federated Hermes Premier Municipal Income Fund FMN 0.39%
MFS High Income Municipal Trust CXE 0.39%
Nuveen Municipal Income Fund, Inc. NMI 0.33%
Western Asset Intermediate Muni Fund Inc. SBI 0.33%