Fund Description
The First Trust Flexible Municipal High Income ETF (the "Fund") (formerly First Trust Municipal CEF Income Opportunity ETF) seeks to provide current income. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal debt securities are generally issued by or on behalf of states, territories or possessions of the United States and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities. The Fund may invest in a range of municipal securities, including, but not limited to, municipal lease obligations (and certificates of participation in such obligations),municipal general obligation bonds, municipal revenue bonds, municipal notes, municipal cash equivalents, private activity bonds (including without limitation industrial development bonds), and pre-refunded and escrowed to maturity bonds.
Fund Profile
Fund Name First Trust Flexible Municipal High Income ETF
Fund Exchange Ticker MFLX
Fund Sponsor First Trust
Fund ISIN US33740F5089
Net Expense Ratio 0.66 %
Fund Inception Date 27 September 2016
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 14.95 Million (USD)
1 Month Total Return -3.37 %
Year To Date Return -20.34 %
1 Year Total Return -19.62 %
3 Year Annualized Total Return -1.64 %
NAV 16.61
Share Outstanding 900,002
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
PALM BEACH CNTY FL HLTH FACS AUTH 5% due 11/01/2041 BOND 0.0250000000
LONG BEACH CA ARPT REVENUE 5% due 06/01/2037 BOND 0.0223000000
OREGON ST FACS AUTH REVENUE 5% due 06/01/2052 BOND 0.0213000000
CHICAGO IL BRD OF EDU N/C 5% due 12/01/2030 BOND 0.0212000000
KENTUCKY ST PUBLIC ENERGY AUTH Variable rate due 12/01/2050 PREF 0.0204000000
SAN FRANCISCO CITY & CNTY CA PUB UTIL COMMN 4% due 11/01/2042 BOND 0.0199000000
MONTGOMERY CNTY OH HOSP REVENUE 4% due 08/01/2041 BOND 0.0194000000
MUNI ELEC AUTH OF GEORGIA N/C 5% due 01/01/2029 BOND 0.0190000000
FAIRFAX CNTY VA ECON DEV AUTH 5% due 10/01/2039 BOND 0.0190000000
ILLINOIS ST FIN AUTH ACADEMIC FACS 5% due 10/01/2034 BOND 0.0187000000