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First Trust Flexible Municipal High Income ETF
MFLX performance and flow charts
Performance
Flows
Historic performance and flows
Data as of July 16, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +0.13% | +2.46% | +4.28% | +10.59% | +17.03% | -1.46% |
| Flows | +$3M | +$3M | +$3M | +$6M | +$8M | +$11M |
Characteristics
This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
| Management strategy | Active |
| Strategy | Long Only |
| Provider | First Trust |
| N° of holdings | 57 |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | September 27, 2016 |
| ESG | No |
More data and info about MFLX on Trackinsight
Exposure
Data as of May 31, 2026Diversification
Total weight of top 15 holdings out of 57
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.94% | +3.06% | +4.63% | +5.48% |
Max drawdown | -1.04% | -3.15% | -7.06% | -25.12% |
Max drawdown duration | 16d | 86d | 305d | 1782d |
Time to recover | 9d | 61d | 184d | N/A |
What type of ETF is MFLX?
MFLX is a Active ETF that provides exposure to Fixed Income assets. It is managed by First Trust.
What does MFLX invest in?
This ETF provides exposure to North American Mixed Ratings Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of MFLX?
The total expense ratio (TER) of MFLX is 0.75%, representing the annual fee charged by the fund manager.
When was MFLX launched?
MFLX was launched on September 27, 2016, marking its entry into the ETF market.
Who is the issuer of MFLX?
MFLX is issued by First Trust.
What is the AUM of MFLX?
As of July 16, 2026, MFLX manages $21.53 M, reflecting the total assets held in the fund.
How has MFLX performed recently?
As of July 16, 2026, MFLX delivered a return of 0.13% over the past month (1M performance), 2.46% over the past three months (3M), and 4.28% year-to-date (YTD).
What are the recent fund flows for MFLX?
As of July 16, 2026, MFLX has seen net flows of +$3M in the past month (1M flow) and +$3M year-to-date (YTD).
Does MFLX pay dividends?
As of July 16, 2026, MFLX has a trailing 12-month distribution yield of 4.82%.
How many holdings are in MFLX
As of May 31, 2026, MFLX holds 57 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is MFLX?
As of May 31, 2026, MFLX holds 57 securities, with 25.74% of its assets concentrated in its top 15 holdings.
What are the top holdings of MFLX?
As of May 31, 2026, MFLX holds a portfolio of 57 underlyings, with its largest positions including US199546DC38, US472682ZM84 and US56042CAZ86. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does MFLX invest in?
As of May 31, 2026, MFLX has its largest geographic exposures in USA.
What sectors or themes does MFLX focus on?
As of May 31, 2026, MFLX is primarily exposed to Municipal.
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