First Trust Managed Municipal Fund (CWAAX)

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	Fact Sheet
	Summary Prospectus

Share Classes
•	Class A
•	Class I

First Trust Managed Municipal Fund (CWAAX)

Distribution History

Distribution History

Please select the Year for which you wish to view distribution history:

Year

Month	Ex-Dividend Date¹	Record Date¹	Payable Date	Distribution Amount	Distribution Type²
August	Daily	Daily	8/29/2025	$0.057800	Ordinary Distributions
July	Daily	Daily	7/31/2025	$0.057900	Ordinary Distributions
June	Daily	Daily	6/30/2025	$0.057800	Ordinary Distributions
May	Daily	Daily	5/30/2025	$0.057900	Ordinary Distributions
April	Daily	Daily	4/30/2025	$0.057700	Ordinary Distributions

The distribution history represents dividends that were paid by the Fund and is not a guarantee of the Fund's future dividend-paying ability. Dividend and capital gains distributions generally will be reinvested in additional common shares of the Fund pursuant to the Fund's Automatic Dividend Reinvestment Plan, unless a shareholder elects in writing to receive distributions in cash.

Footnotes

For distributions marked 'Daily' the distribution amount, although paid monthly on the last business day of the month, is accrued each business day based upon shares of record at the end of the prior day. The daily accrual amount is equal to the distribution amount divided by the number of calendar days in the applicable month. Distributions will only be received for the days you are a shareholder of record in the Fund.

Ordinary distributions may include realized short-term capital gains and/or returns of capital. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end.