MFLXFirst Trust Flexible Municipal High Income ETF
Seeks current income.
By First Trust · Launched 2016
Annual Cost
0.75%
#3,918 of 5,854 · average
Fund Size
$20M
#4,460 of 5,854 · small
Dividend YieldGoal
4.04%
Track Record
9 years
#1,460 of 5,854 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,775+7.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 19.7% of fund✓ well diversified
COLUMBUS OHIO REGL ARPT AUTH
2.9%
JEFFERSON CNTY ALA
2.7%
DUTCHESS CNTY N Y LOC DEV CORP
1.8%
CHARLESTON CNTY S C ARPT DIST
1.8%
MAINE FINANCE AUTHORITY (ME)
1.8%
INDIANAPOLIS IND LOC PUB IMPT BD BK
1.7%
MASSACHUSETTS ST DEV FIN AGY
1.7%
VERMONT ECONOMIC DEV AUTH
1.7%
TEXAS WATER DEV BRD
1.7%
HAMILTON CNTY OHIO
1.7%
Asset allocation
Bonds
96.4%
Cash
3.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.1%Low
Year-on-year price swings
Max drawdown
-26.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.13Below average
Sortino (3Y)
0.18Moderate downside risk
Bond profile
Duration
5.1 years
Avg maturity
10.2 years
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks current income.
- Strategy
- Invests primarily in municipal debt securities that pay interest exempt from federal income taxes, focusing on longer duration, higher yielding securities, including those rated below investment grade. May invest in distressed securities and derivatives instruments.
- Inception date
- September 27, 2016
- Fund family
- First Trust
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Data updated on 2026-08-03