Key stats
About First Trust Flexible Municipal High Income ETF
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Inception date
Sep 27, 2016
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740F5089
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 MCEFs 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal85.10%
Cash8.44%
Mutual fund6.46%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MFLX last dividends amounted to 0.06 USD. The month before, the issuer paid 0.06 USD in dividends,
MFLX assets under management is 17.66 M USD. It's risen 7.87% over the last month.
MFLX fund flows account for 2.42 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MFLX pays dividends to its holders with the dividend yield of 4.08%. The last dividend (Sep 30, 2025) amounted to 0.06 USD. The dividends are paid monthly.
MFLX shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Sep 27, 2016, and its management style is Active.
MFLX expense ratio is 0.88% meaning you'd have to pay 0.88% of your investment to help manage the fund.
MFLX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MFLX invests in bonds.
MFLX price has risen by 2.36% over the last month, and its yearly performance shows a −3.29% decrease. See more dynamics on MFLX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.83% increase in three-month performance and has decreased by −0.66% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.83% increase in three-month performance and has decreased by −0.66% in a year.
MFLX trades at a premium (0.47%) meaning the ETF is trading at a higher price than the calculated NAV.