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First Trust Municipal Closed-End Fund Index (MNCEF)
Components as of 3/31/2025

Security Name Ticker or CUSIP Weighting Descending sort
Nuveen AMT-Free Quality Municipal Income Fund NEA 9.49%
Nuveen Quality Municipal Income Fund NAD 7.65%
Nuveen AMT-Free Municipal Credit Income Fund NVG 7.48%
Nuveen Municipal Credit Income Fund NZF 6.73%
Nuveen Municipal Value Fund, Inc. NUV 5.18%
BlackRock Municipal 2030 Target Term Trust BTT 3.97%
Nuveen Municipal High Income Opportunity Fund NMZ 3.51%
BlackRock MuniYield Quality Fund, Inc. MQY 2.42%
BlackRock MuniYield Quality Fund III, Inc. MYI 2.07%
Nuveen Select Tax-Free Income Portfolio NXP 2.07%
Invesco Municipal Opportunity Trust VMO 1.84%
BlackRock MuniHoldings Fund, Inc. MHD 1.73%
Nuveen Dynamic Municipal Opportunities Fund NDMO 1.73%
Nuveen Municipal Credit Opportunities Fund NMCO 1.67%
Western Asset Managed Municipals Fund Inc. MMU 1.61%
Invesco Value Municipal Income Trust IIM 1.61%
Invesco Trust for Investment Grade Municipals VGM 1.55%
Eaton Vance Municipal Bond Fund EIM 1.55%
PIMCO Municipal Income Fund II PML 1.55%
Invesco Municipal Trust VKQ 1.50%
Invesco Quality Municipal Income Trust IQI 1.44%
BlackRock Municipal Income Trust II BLE 1.44%
BlackRock MuniYield Fund, Inc. MYD 1.38%
BlackRock Municipal Income Trust BFK 1.21%
BlackRock MuniAssets Fund, Inc. MUA 1.21%
BlackRock MuniVest Fund, Inc. MVF 1.15%
Eaton Vance Municipal Income Trust EVN 1.15%
Invesco Advantage Municipal Income Trust II VKI 1.09%
BNY Mellon Strategic Municipals, Inc. LEO 1.09%
DWS Municipal Income Trust KTF 1.04%
RiverNorth Flexible Municipal Income Fund II RFMZ 0.92%
Putnam Municipal Opportunities Trust PMO 0.86%
Neuberger Berman Municipal Fund Inc. NBH 0.86%
AllianceBernstein National Municipal Income Fund, Inc. AFB 0.86%
BlackRock Municipal Income Quality Trust BYM 0.81%
BNY Mellon Strategic Municipal Bond Fund, Inc. DSM 0.81%
Invesco Municipal Income Opportunities Trust OIA 0.81%
RiverNorth Managed Duration Municipal Income Fund RMM 0.81%
Putnam Managed Municipal Income Trust PMM 0.81%
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD 0.81%
Eaton Vance National Municipal Opportunities Trust EOT 0.75%
PIMCO Municipal Income Fund III PMX 0.69%
Nuveen AMT-Free Municipal Value Fund NUW 0.69%
PIMCO Municipal Income Fund PMF 0.63%
MFS Municipal Income Trust MFM 0.63%
BlackRock MuniYield Quality Fund II, Inc. MQT 0.63%
BlackRock MuniHoldings Quality Fund II, Inc. MUE 0.63%
BlackRock MuniVest Fund II, Inc. MVT 0.63%
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%
Pioneer Municipal High Income Advantage Fund, Inc. MAV 0.58%
Pioneer Municipal High Income Fund, Inc. MHI 0.58%
Pioneer Municipal High Income Opportunities Fund MIO 0.58%
Western Asset Municipal High Income Fund Inc. MHF 0.46%
BNY Mellon Municipal Income, Inc. DMF 0.40%
BlackRock Long-Term Municipal Advantage Trust BTA 0.35%
abrdn National Municipal Income Fund VFL 0.35%
Federated Hermes Premier Municipal Income Fund FMN 0.35%
MFS High Income Municipal Trust CXE 0.35%
RiverNorth Managed Duration Municipal Income Fund II RMMZ 0.35%
Nuveen Select Maturities Municipal Fund NIM 0.35%
Nuveen Municipal Income Fund, Inc. NMI 0.29%
Western Asset Intermediate Muni Fund Inc. SBI 0.29%
MFS High Yield Municipal Trust CMU 0.23%

 
 
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