CWAAX — First Trust Managed Municipal Fund
Data updated: 2026-06-22
CWAAX — First Trust Managed Municipal Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $54.36M AUM · 0.90% expense ratio · 5.9% 1-yr return. From SEC regulatory filings.
CWAAX Fund Overview
CWAAX — First Trust Managed Municipal Fund is a US mutual fund managed by First Trust Series Fund, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: First Trust Series Fund
- Category: Long Municipal - National Bond
- Assets under management: $54.36M
- 1-year return: 5.9%
- Ticker: CWAAX
- SEC CIK: 0001497778
- SEC series ID: S000074778
- Share class ID: C000232962
CWAAX Holdings
Top 10 holdings of First Trust Managed Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Kern Community College District (ca) | 2.05% |
| Yonkers (ny), City Of | 2.02% |
| Consolidated Wyo Municipalties Elec Pwr Sys Jt Pwrs Brd | 2.01% |
| Pennsylvania Economic Development Financing Authority (pa) | 2.01% |
| Port Of Portland The (or) | 1.89% |
| Denver Colo City & Cnty | 1.89% |
| Maryland Economic Development Corp. (md) | 1.88% |
| New Hope Cultural Ed Facs Fin Corp. | 1.84% |
| California Community Choice Financing Authority (ca) | 1.55% |
| Pennsylvania Turnpike Commission (pa) | 1.51% |
CWAAX Portfolio Allocation
Asset-class allocation of First Trust Managed Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.6% |
CWAAX Performance
Total returns for CWAAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 5.9% |
CWAAX Risk Information
Risk metrics for CWAAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
CWAAX Costs and Fees
CWAAX costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 6.56%
- Portfolio turnover: 33%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
CWAAX Cashflows
Over the 12 months to 2026-04, First Trust Managed Municipal Fund had net outflows of $17.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$762.82K |
| 2026-03 | −$1.97M |
| 2026-02 | −$642.56K |
| 2026-01 | $766.31K |
| 2025-12 | −$2.09M |
| 2025-11 | −$2.51M |
CWAAX Debt Constituents
Largest debt holdings of First Trust Managed Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Kern Community College District (ca) | 2.05% |
| Yonkers (ny), City Of | 2.02% |
| Consolidated Wyo Municipalties Elec Pwr Sys Jt Pwrs Brd | 2.01% |
| Pennsylvania Economic Development Financing Authority (pa) | 2.01% |
| Port Of Portland The (or) | 1.89% |
| Denver Colo City & Cnty | 1.89% |
| Maryland Economic Development Corp. (md) | 1.88% |
| New Hope Cultural Ed Facs Fin Corp. | 1.84% |
| California Community Choice Financing Authority (ca) | 1.55% |
| Pennsylvania Turnpike Commission (pa) | 1.51% |
CWAAX Prospectus and SEC Filings
Official First Trust Managed Municipal Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.