MFLX First Trust Flexible Municipal High Income ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 15.74 | Day Range | 15.88 – 15.98 |
| 52-Week Range | 15.57 – 17.95 | Volume | 14.62K |
| Avg Volume | 6.42K | AUM | $19.8M (Oct 10, 2026) |
| Expense Ratio | 0.49% | Yield (TTM) | 4.53% |
| NAV | 15.84 | Premium/Discount | +0.25% indicative |
| Inception | Sep 27, 2016 | Holdings | 78 |
| Issuer | First Trust | Exchange | NASDAQ |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 33740F508 | ISIN | US33740F5089 |
| Management | Not stated in source data | ||
About this ETF
The First Trust Flexible Municipal High Income ETF (MFLX), formerly known as the First Trust Municipal CEF Income Opportunity ETF, aims to generate current income. Under typical market conditions, the Fund endeavors to meet this goal by allocating a minimum of 80% of its net assets (plus any borrowed capital) to municipal debt securities. These investments feature interest payments that are exempt from regular federal income taxes. Municipal debt securities are commonly issued by or on behalf of U.S. states, territories, and possessions, along with the District of Columbia, and their associated political entities, agencies, and authorities. The Fund may invest in a broad spectrum of municipal instruments, including, but not limited to, municipal lease obligations (and their certificates of participation), general obligation bonds, revenue bonds, municipal notes, municipal cash equivalents, private activity bonds (including industrial development bonds), and bonds that are pre-refunded or escrowed to maturity.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -4.16% | -8.26% | -6.92% | -6.59% | -6.53% | +0.42% | -5.15% | -2.24% | -2.34% |
| Total return | -4.16% | -7.89% | -5.59% | -4.28% | -3.29% | +4.29% | -1.45% | +1.43% | +1.32% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.49% | Annual cost of a $10,000 investment | $49.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 82 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | MONROE CNTY GA DEV AUTH POLL CTRL REV Variable… | — | 2.57% | 500.00K | $500.0K |
| 2 | MOBILE AL INDL DEV BRD REVENUE Variable rate… | — | 2.57% | 500.00K | $500.0K |
| 3 | COLUMBUS OH REGL ARPT AUTH REV 5.50%, due… | — | 2.52% | 500.00K | $491.0K |
| 4 | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP 5%… | — | 2.38% | 500.00K | $462.3K |
| 5 | JEFFERSON CNTY AL SWR REVENUE 5.25%, due… | — | 2.31% | 450.00K | $449.4K |
| 6 | NEW YORK CITY NY MUNI WTR FIN AUTH Variable… | — | 1.80% | 350.00K | $350.0K |
| 7 | MET GOVT NASHVILLE & DAVIDSON CNTY TN 6%, due… | — | 1.62% | 300.00K | $314.8K |
| 8 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK 6%… | — | 1.55% | 300.00K | $301.7K |
| 9 | SAN ANTONIO TX WTR REVENUE Variable rate, due… | — | 1.54% | 300.00K | $300.0K |
| 10 | CHARLESTON CNTY SC ARPT DIST 5.25%, due… | — | 1.54% | 300.00K | $299.4K |
| 11 | MAINE ST FIN AUTH SOL WST DISP N/C, 5%, due… | — | 1.53% | 300.00K | $297.8K |
| 12 | COLORADO ST HLTH FACS AUTH REV 5%, due… | — | 1.52% | 300.00K | $296.4K |
| 13 | OMAHA NE ARPT AUTH 5.50%, due 12/15/2051 | — | 1.50% | 300.00K | $292.7K |
| 14 | ERIE PA SWR AUTH 5%, due 12/01/2046 | — | 1.49% | 300.00K | $290.0K |
| 15 | DUTCHESS CNTY NY LOCAL DEV CORP N/C, 5%, due… | — | 1.47% | 297.77K | $286.3K |
| 16 | HAMILTON CNTY OH HLTH CARE REV 5.25%, due… | — | 1.46% | 300.00K | $284.1K |
| 17 | VERMONT ST ECON DEV AUTH MTGE REV 4%, due… | — | 1.46% | 315.00K | $283.7K |
| 18 | MASSACHUSETTS ST DEV FIN AGY REV 5.25%, due… | — | 1.46% | 300.00K | $283.4K |
| 19 | UTAH CITY WEST PUBLIC INFRASTR DIST 1 UT… | — | 1.45% | 300.00K | $282.1K |
| 20 | SKAGIT CNTY WA PUBLIC HOSP DIST 1 5.50%, due… | — | 1.45% | 300.00K | $281.9K |
| 21 | CALIFORNIA ST MUNI FIN AUTH REV 6%, due… | — | 1.44% | 280.00K | $279.4K |
| 22 | NEW HAMPSHIRE ST BUSINESS FIN AUTH 5.375%, due… | — | 1.39% | 300.00K | $270.5K |
| 23 | IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REV… | — | 1.37% | 250.00K | $267.0K |
| 24 | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS 6.50%… | — | 1.35% | 275.00K | $263.2K |
| 25 | POLK CNTY FL UTILITY SYS REVENUE 5.50%, due… | — | 1.33% | 250.00K | $259.4K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.53% | Paid (last 12 months) | $0.7195 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 24, 2026 | Last payment | $0.0620 (Sep 30, 2026) |
| Growth 1Y | +3.90% | Growth 3Y / 5Y (ann.) | +4.42% / -0.76% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 24, 2026 | Sep 24, 2026 | Sep 30, 2026 | $0.0620 |
| Aug 21, 2026 | Aug 21, 2026 | Aug 31, 2026 | $0.0620 |
| Jul 21, 2026 | Jul 21, 2026 | Jul 31, 2026 | $0.0610 |
| Jun 25, 2026 | Jun 25, 2026 | Jun 30, 2026 | $0.0610 |
| May 21, 2026 | May 21, 2026 | May 29, 2026 | $0.0610 |
| Apr 21, 2026 | Apr 21, 2026 | Apr 30, 2026 | $0.0600 |
| Mar 26, 2026 | Mar 26, 2026 | Mar 31, 2026 | $0.0600 |
| Feb 20, 2026 | Feb 20, 2026 | Feb 27, 2026 | $0.0600 |
| Jan 21, 2026 | Jan 21, 2026 | Jan 30, 2026 | $0.0600 |
| Dec 12, 2025 | Dec 12, 2025 | Dec 31, 2025 | $0.0575 |
| Nov 21, 2025 | Nov 21, 2025 | Nov 28, 2025 | $0.0575 |
| Oct 21, 2025 | Oct 21, 2025 | Oct 31, 2025 | $0.0575 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 4.93% / 9.18% | Sharpe 1Y / 3Y | -1.52 / 0.066 |
| Max drawdown 1Y / 3Y | -9.46% / -9.46% | Sortino 1Y | -1.93 |
| Beta vs S&P 500 (3Y) | -0.023 | Correlation vs S&P 500 (1Y) | 0.268 |
| Downside deviation 1Y | 3.89% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 14.62K | Average volume | 6.42K |
| AUM | $19.8M | Premium/Discount | +0.25% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$5.3K | -0.03% | $19.8M → $19.8M |
| 1 Month | -$398.4K | -1.92% | $20.8M → $19.8M |
| 1 Week | -$241.1K | -1.20% | $20.0M → $19.8M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for MFLX
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.