MFLXFirst Trust Flexible Municipal High Income ETF
Seeks current income.
By First Trust · Launched 2016
Annual Cost
0.75%
#4,069 of 6,040 · expensive
Fund Size
$21M
#4,526 of 6,040 · small
Return (1Y)
+0.2%
Track Record
9 years
#1,471 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,002+0.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 19.7% of funddiversified
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
100.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.0%Low
Year-on-year price swings
Max drawdown
-26.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.16Below average
Sortino (3Y)
0.23Moderate downside risk
Bond profile
Duration
5.0 years
Avg maturity
9.9 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
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18