CWAIX

About CWAIX

First Trust Managed Municipal Fund is a fixed income mutual fund focused primarily on investing in municipal bonds within the United States. Its primary objective is to generate current income that is exempt from federal income taxes, appealing to investors seeking tax-advantaged income streams. The fund employs active management, applying a variety of investment techniques and risk assessments to navigate shifting market conditions and credit environments. By targeting municipal securities, it plays a significant role in financing local and state government projects, which can support infrastructure, education, and public services. The fund’s structure may provide diversification across different municipalities and credit qualities within the municipal bond sector, though it remains subject to risks such as interest rate fluctuation, changes in tax law, and potential credit events in municipal issuers. Its focus on tax-exempt income positions it as a relevant component for investors managing tax liability, and it contributes to the broader fixed income market by supporting municipal funding and offering liquidity to this segment.