MFLX First Trust Flexible Municipal High Income ETF

*Unless otherwise stated, data provided by FactSet.

MFLX Fund Description

MFLX is an actively managed fund that invests in tax-exempt US municipal bonds of any maturity and credit quality. The fund’s objective is to provide current income.

MFLX Factset Analytics Insight

MFLX seeks to provide current income through an actively managed portfolio of US municipal debt securities whose interests are exempted from federal income taxes. The fund spans a wide range of municipal bonds, including lease obligations, general obligation bonds, revenue bonds, notes, cash equivalents, private activity bonds, as well as pre-refunded and escrowed to maturity bonds. The fund is diversified to invest in municipal bonds of any maturity and credit quality. In addition, the fund may invest, without limitation, in municipal securities that pay interest and generate income subject to federal and state alternative minimum tax. Prior to April 14, 2022, the fund traded as the First Trust Municipal CEF Income Opportunity ETF (Ticker: MCEF). Unlike MCEF’s fund-of-CEFs (closed-end funds) structure, MFLX invests in US municipal bonds directly. Although, the fund may still invest in municipal CEFs for up to 10% of its net assets.

PERFORMANCE [as of 10/05/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MFLX -- -- -- -- -- -- --
MFLX (NAV) -3.60% -4.24% -21.71% -19.15% -2.96% 0.12% --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays Municipal Bond Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MFLX Summary Data

First Trust
09/27/16
Open-Ended Fund
0.66%
$12.82M
$70.35K
0.97%

MFLX Portfolio Data

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N/A
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MFLX Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays Municipal Bond Index

MFLX Portfolio Management

0.66%
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MFLX Tax Exposures

20.00% / 39.60%
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Ordinary income
No

MFLX Fund Structure

Open-Ended Fund
No
No
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N/A
N/A
High
Daily

MFLX Factset Analytics Block Liquidity

As of 10/06/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MFLX. MFLX is rated a N/A out of 5.

MFLX Tradability

4,397
$70.35K
1,581
$25.71K
0.97%
$0.16
-0.04%
0.67% / -1.74%
None
100.00%
50,000
0.03
0.05%
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0
$16.02
N/A

MFLX Sector/Industry Breakdown


MFLX
Segment Benchmark
77.41%
--
6.76%
--
5.60%
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3.06%
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2.40%
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2.10%
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1.89%
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0.79%
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MFLX Top 10 Holdings[View All]

3.06%
2.81%
2.56%
2.40%
2.39%
2.35%
2.30%
2.16%
2.15%
2.13%
24.31%

MFLX Performance Statistics

0.45
1.42
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MFLX Holdings Statistics

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MFLX Avg Life Maturity Distribution

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MFLX OAS Breakdown

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