Under ordinary market conditions, this fund endeavors to achieve its financial goals by allocating at least 80% of its overall portfolio (which includes any borrowed capital) to municipal debt securities. The interest income generated by these securities is exempt from regular federal income taxes. These municipal bonds are typically issued by or on behalf of U.S. states, territories, the District of Columbia, and their associated political subdivisions, agencies, and other governmental entities.

Nuveen AMT-Free Municipal Credit Income Fund

BlackRock MuniHoldings Quality Fund II, Inc.

VanEck High Yield Muni ETF

Nuveen Municipal Credit Opportunities Fund

BlackRock Municipal Income Fund, Inc.

Invesco Trust for Investment Grade Municipals

Western Asset Municipal Partners Fund Inc.

Invesco Municipal Trust

Nuveen Select Tax-Free Income Portfolio

Invesco Value Municipal Income Trust

Cash & Others

Industrials

First Trust Flexible Municipal High Income ETF

MCEF Holdings & Sector Breakdown

MCEF Holdings & Sector Breakdown