First Trust Municipal CEF Income Opportunity ETF (MCEF)
MCEF is an actively managed ETF by First Trust. MCEF launched on Sep 27, 2016 and has a 2.65% expense ratio.
ETF Info
| ISIN | US33740F5089 |
|---|---|
| CUSIP | 33740F508 |
| Issuer | First Trust |
| Inception Date | Sep 27, 2016 |
| Region | North America (U.S.) |
| Category | Total Bond Market, Actively Managed |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Bond |
Expense Ratio
MCEF has a high expense ratio of 2.65%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Municipal CEF Income Opportunity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 11.29% |
| 1 month | N/A | 4.87% |
| 6 months | N/A | 17.88% |
| 1 year | N/A | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of MCEF, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.11% | 0.00% | -1.11% | ||||||||||
| 2023 | 2.52% | -1.62% | 0.98% | 0.24% | -1.75% | 1.44% | 0.21% | -4.16% | -0.94% | -0.89% | 4.42% | 4.73% | 4.92% |
| 2022 | -7.75% | -2.00% | -4.21% | -6.03% | 1.56% | -3.00% | 3.66% | -3.50% | -6.12% | -0.96% | 4.06% | 0.81% | -21.77% |
| 2021 | 1.09% | -1.81% | 2.09% | 2.03% | 1.83% | 2.06% | 1.21% | 0.50% | -3.28% | -0.71% | 1.76% | 1.14% | 8.02% |
| 2020 | 2.76% | -1.63% | -8.14% | -3.54% | 5.99% | 1.76% | 4.99% | -1.24% | -0.13% | -0.48% | 4.64% | 2.89% | 7.19% |
| 2019 | 3.85% | 2.00% | 2.04% | 0.41% | 1.66% | 1.28% | 1.51% | 2.60% | -0.72% | -0.89% | 0.91% | 1.18% | 16.91% |
| 2018 | -3.29% | -0.89% | 0.11% | 0.09% | 1.33% | -0.25% | 0.52% | 0.53% | -1.81% | -2.90% | 1.87% | 0.07% | -4.66% |
| 2017 | 0.62% | 1.13% | -0.26% | 1.10% | 1.91% | -0.11% | 1.83% | 0.40% | 0.22% | -1.81% | -0.18% | 0.64% | 5.57% |
| 2016 | -0.09% | -5.03% | -4.67% | 2.13% | -7.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCEF is 68, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MCEF (First Trust Municipal CEF Income Opportunity ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Municipal CEF Income Opportunity ETF (MCEF) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Municipal CEF Income Opportunity ETF granted a 3.31% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.62 | $0.66 | $0.75 | $0.65 | $0.58 | $0.64 | $0.71 | $0.18 |
Dividend yield | 3.31% | 3.65% | 4.05% | 3.56% | 3.21% | 2.94% | 3.74% | 3.80% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Municipal CEF Income Opportunity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.15 | |||||||||
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.02 | $0.05 | $0.05 | $0.05 | $0.05 | $0.66 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.75 |
| 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 | $0.64 |
| 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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Municipal CEF Income Opportunity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Municipal CEF Income Opportunity ETF was 27.98%, occurring on Oct 20, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.98% | Aug 25, 2021 | 542 | Oct 20, 2023 | — | — | — |
| -26.76% | Feb 25, 2020 | 17 | Mar 18, 2020 | 141 | Nov 25, 2020 | 158 |
| -10.1% | Sep 30, 2016 | 22 | Dec 1, 2016 | 429 | Mar 26, 2019 | 451 |
| -4.45% | Feb 12, 2021 | 8 | Feb 24, 2021 | 32 | Apr 14, 2021 | 40 |
| -3.82% | Sep 5, 2019 | 8 | Sep 16, 2019 | 54 | Dec 11, 2019 | 62 |
Volatility
Volatility Chart
The current First Trust Municipal CEF Income Opportunity ETF volatility is 0.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.