First Trust Municipal CEF Income Opportunity ETF (MCEF)
Description
The MCEF ETF contains constituents. It is focused on holdings in the region.
Price $15.88 as of 2022-10-19Cost/Risk/Yield
| Dividend yield | |
| Expense ratio | 2.65% |
| Average spread | |
| 1Y roundtrip cost | 2.65% |
Historic prices
Total Returns (including dividends)
Monthly returns heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | -8.4% | -2.3% | -4.5% | -6.3% | 1.6% | -3.0% | 3.7% | -3.5% | -6.1% | 1.5% | -27.5% | ||
| 2021 | 1.1% | -1.8% | 2.1% | 2.0% | 1.8% | 2.1% | 1.2% | 0.5% | -3.3% | -0.7% | 3.3% | 1.1% | 9.4% |
| 2020 | 2.8% | -1.6% | -8.1% | -3.5% | 6.0% | 1.8% | 5.0% | -1.2% | -0.1% | -0.5% | 4.6% | 2.9% | 7.9% |
| 2019 | 3.9% | 2.0% | 2.0% | 0.4% | 1.7% | 1.3% | 1.5% | 2.6% | -0.7% | -0.9% | 0.9% | 1.2% | 15.8% |
| 2018 | -3.3% | -0.9% | 0.1% | 0.1% | 1.3% | -0.2% | 0.5% | 0.5% | -1.8% | -2.9% | 1.9% | 0.1% | -4.6% |
| 2017 | 0.6% | 1.1% | -0.3% | 1.1% | 1.9% | -0.1% | 1.8% | 0.4% | 0.2% | -1.8% | -0.2% | 0.6% | 5.5% |
| 2016 | -5.0% | -4.7% | 2.1% | -7.6% | |||||||||
| -3.3% | -3.5% | -8.7% | -6.2% | 14.3% | 1.8% | 13.7% | -0.7% | -11.8% | -10.3% | 5.8% | 8.0% |
Historical Dividends
Monthly dividend heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0.07 | 0.07 | 0.07 | 0.20 | |||||||||
| 2021 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.09 | 0.79 |
| 2020 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.65 |
| 2019 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.58 |
| 2018 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.65 |
| 2017 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.71 |
| 2016 | 0.06 | 0.06 | 0.06 | 0.18 | |||||||||
| 0.34 | 0.34 | 0.34 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.34 | 0.35 | 0.38 |
Sectors and Top Holdings
| Security | % Assets |
|---|---|
| Nuveen AMT-Free Municipal Credit Income Fund of Benef Interest | 5.01% |
| Nuveen AMT-Free Quality Municipal Income Fund of Benef Interest | 4.95% |
| Nuveen Quality Municipal Income Fund of Benef.Interest | 4.56% |
| Nuveen Municipal Credit Income Fund of Benef Interest | 4.42% |
| BlackRock MuniHoldings Quality Fund II Inc | 4.22% |
| BlackRock MuniYield Quality Fund III Inc | 4.02% |
| Invesco Quality Municipal Income Trust of Benef Interest Invesco Quality Municipal Income Trust | 3.98% |
| Nuveen Dynamic Municipal Opportunities Fund of Beneficial Interest | 3.89% |
| VanEck High Yield Muni ETF | 3.88% |
| Nuveen Enhanced Municipal Value Fund | 3.83% |
| U.S. Dollar | 3.74% |
| BlackRock MuniHoldings Fund Inc | 3.73% |
| Nuveen Municipal Credit Opportunities Fund | 3.57% |
| BlackRock MuniHoldings Investment Quality Fund | 3.47% |
| Invesco Trust for Investment Grade Municipals | 3.30% |
| Top 15 Weights | 60.57% |
Compare with similar ETFs
| MCEF | FMHI | KOKU | TAXF | TPIF | XMPT | |
|---|---|---|---|---|---|---|
| Product name | First Trust Municipal CEF Income Opportunity ETF | First Trust Municipal High Income ETF | Xtrackers MSCI Kokusai Equity ETF | American Century Diversified Municipal Bond ETF | Timothy Plan International ETF | Market Vectors CEF Municipal Income ETF |
| Issuer | First Trust | First Trust | Xtrackers | American Century | Timothy | VanEck |
| Price | $15.88 | $45.39 | $65.6427 | $47.87 | $20.5 | $20.32 |
| Expense Ratio | 2.65% |  0.55% | 0.09% | 0.29% | 0.62% | 2.32% |
| Average Spread | 0.000% | 0.088% | 0.396% | 0.125% | 0.488% | 0.197% |
| AUM | $15,033,000 | $274,552,000 | $509,156,000 | $159,973,000 | $57,857,900 | $139,661,000 |
| Shares | 946,660 | 6,048,736 | 7,756,477 | 3,341,832 | 2,822,335 | 6,873,076 |
| Average Daily Volume | 4,385 | 78,379 | 340 | 72,273 | 23,827 | 49,393 |
| Home page | Visit external site | Visit external site | Visit external site | Visit external site | Visit external site | Visit external site |
| Inception Date | 2016-09-27 | 2017-11-01 | 2020-04-08 | 2018-09-10 | 2019-12-02 | 2011-07-12 |
| Index Tracked | No Underlying Index | MSCI Kokusai Index | No Underlying Index | Victory International Volatility Weighted BRI Index | S-Network Municipal Bond Closed-End Fund Index | |
| Category | Total Bond Market | National Munis | Large Cap Growth Equities | National Munis | Foreign Large Cap Equities | Total Bond Market |
| Asset Class | Bond | Bond | Equity | Bond | Equity | Bond |
| Asset Class Size | Large Caps | Large/Mid Caps | ||||
| Value or Growth | Blend | Blend | ||||
| Region | North America | Europe | ||||
| Countries | U.S. | U.S. | Broad | U.S. | Broad | U.S. |
| Annual Dividend Rate | $0 | $1.594 | $1.633 | $0.879 | $0.684 | $1.148 |
| Annual Dividend Yield | 0.000% | 0.035% | 0.025% | 0.018% | 0.033% | 0.056% |
| Number of Holdings | 337 | 1248 | 352 | 383 | 0 | |
| YTD Return | -24.90% | -17.14% | -23.46% | -12.18% | -27.98% | -28.93% |
| Beta | 0.26 | 0.17 | 0.95 | 0.12 | 0.72 | 0.07 |
| Upside Beta | 0.14 | 0.12 | 0.50 | 0.05 | 0.40 | 0.04 |
| Downside Beta | 0.03 | 0.02 | -0.18 | 0.02 | -0.51 | -0.02 |
| Volatility 1Y | 9.86% | 5.01% | 22.00% | 4.06% | 19.60% | 11.54% |
| Sharpe Ratio 3Y | -0.82 | -0.83 | 0.00 | -0.87 | 0.00 | -0.79 |
| Treynor Ratio 3Y | -0.03 | -0.02 | 0.00 | -0.03 | 0.00 | -0.11 |