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
US33740F5089
33740F508
Sep 27, 2016
North America (U.S.)
1x
No Index (Active)
Expense Ratio
MCEF has a high expense ratio of 2.65%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
MCEF
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^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 0.00% | 0.00% | 0.00% | 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, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
First Trust Municipal CEF Income Opportunity ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.62 | $0.66 | $0.75 | $0.65 | $0.58 | $0.64 | $0.71 | $0.18 |
Dividend yield | 0.00% | 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 | $0.05 | $0.05 | $0.05 | $0.31 | ||||||
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 chart below shows the rolling one-month volatility.
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