MFLXFirst Trust Flexible Municipal High Income ETF

Get income9y track recordRanked #1,288 of 1,622 in this goal

Seeks to provide current income.

By First Trust · Launched 2016

Annual Cost

0.75%

#3,765 of 5,562 · expensive

Fund Size

$19M

#4,389 of 5,562 · small

Dividend YieldGoal

4.09%

Track Record

9 years

#1,487 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,905+9.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 19.7% of fund✓ well diversified

COLUMBUS OH REGL ARPT AUTH REV

3.0%

JEFFERSON CNTY AL SWR REVENUE

2.7%

DUTCHESS CNTY NY LOCAL DEV COR

1.8%

CHARLESTON CNTY SC ARPT DIST A

1.8%

INDIANAPOLIS IN LOCAL PUBLIC I

1.8%

MASSACHUSETTS ST DEV FIN AGY R

1.7%

TEXAS WTR DEV BRD REVENUE

1.7%

MAINE ST FIN AUTH SOL WST DISP

1.7%

ERIE PA SWR AUTH

1.7%

SKAGIT CNTY WA PUBLIC HOSP DIS

1.7%

Asset allocation

Bonds

100.1%

Cash

0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.1%Low

Year-on-year price swings

Max drawdown

-26.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.26Below average

Sortino (3Y)

0.35Moderate downside risk

Bond profile

Duration

5.1 years

Avg maturity

10.1 years

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to provide 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 various municipal securities, including general obligation bonds, revenue bonds, and lease obligations. The Fund can invest up to 10% in distressed securities and closed-end investment companies focused on municipal debt. Derivatives may also be used.
Inception date: September 27, 2016
Fund family: First Trust