CWAIX Mutual Fund

NAV$20.15

Fund Essentials - as of Apr 30, 2026

Net Assets
$50M
Expense Ratio
0.50%
Dividend Yield (Current)
3.63%
Holdings
104
Inception Date
Jun 15, 2022
Fund Family
First Trust Portfolios (US)
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
Dividend Frequency
Monthly

Performance

YTD+1.92%
1 Year+6.38%
3 Year+3.52%

Asset Allocation

Bonds: 100.00%

Price Chart (6M)

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Top Holdings

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TickerNameWeight
CA KERHGR 5.25 08/01Kern Community College District2.05%
-Yonkers Ny 5% 11/15/392.02%
PA PASDEV 5.5 06/30/Pennsylvania St Econ Dev Fing Regd B/E Amt 5.500000002.01%
-Consolidated Municipalities Electric Power Systems Joint Powers Board 5.25% 06/01/20402.01%
CO DENAPT 5.5 11/15/Denver City & Cnty Co Arpt Rev Regd B/E Amt 5.500000001.89%
Top 10 Concentration: 18.65%Report Date: Apr 30, 2026
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Dividend Summary

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Dividend Yield (Current)
3.63%
Frequency
Monthly

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This Mutual Fund
PRO
Peer Avg
PRO
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CWAIX Mutual Fund Overview

CWAIX Mutual Fund (First Trust Managed Municipal Fund Class I) is managed by First Trust Portfolios (US) with $50.4M in net assets. CWAIX expense ratio is 0.50%, holding 104 positions across sectors including Financials, Real Estate, Utilities. Inception date: 2022-06-15.

CWAIX performance shows a YTD return of 1.92%. The 1-year return is 6.38%. CWAIX dividend yield stands at 3.63%, paid monthly.

CWAIX top holdings include Kern Community College District (2.0%), Yonkers Ny 5% 11/15/39 (2.0%), Pennsylvania St Econ Dev Fing Regd B/E Amt 5.50000000 (2.0%), Consolidated Municipalities Electric Power Systems Joint Powers Board 5.25% 06/01/2040 (2.0%), Denver City & Cnty Co Arpt Rev Regd B/E Amt 5.50000000 (1.9%). View all CWAIX holdings, sector breakdown, or dividend history.

CWAIX can be compared against other funds using the overlap calculator or side-by-side comparison tool. CWAIX alternatives are available via the screener, along with tax-loss harvesting opportunities.