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ETF screener
MFLX
US33740F5089
Active ETFFixed Income

MFLX ETF · First Trust Flexible Municipal High Income ETF

The MFLX Exchange Traded Fund (ETF) is provided by First Trust. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update 4/24/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofMunicipal Bonds1M perf.+1.07%
Last price
$17.15
1M perf.
+2.00%
1M flows
+€724K
AuM
€16M
E/R
0.93%
Rating
Not rated
ESG Consensus®
esg grade icon
MFLX
$17.15

Performance & flows

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January 23, 2026 → April 23, 2026
0-1.00-0.500.000.501.001.502.002.503.00%FEBMARAPRFEBMARAPR
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MFLX
$17.11
+2.05%
Municipal Bonds
+0.57%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
+2.00%
icon
+2.05%
icon
+9.65%
icon
+16.35%
icon
+0.52%
icon
+2.08%
+2.08%
+2.47%
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Flows

Key fund info

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This ETF's jurisdiction country is not in your region (Europe and Middle East) · 
Main characteristics
CUSIP
33740F508
ISIN
US33740F5089
AuM
€16M
icon
E/R
0.93%
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ESG Consensus®
esg grade icon
More details
NAV
4/23/2026
$17.11
1D NAV change
-0.02%
Dividend policy
No. of holdings
N/A
Inception date
9/27/2016
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

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Historical risk/return profile

3M1Y3Y5Y
Returns
+2.05%
icon
+9.65%
icon
+16.35%
icon
+0.52%
icon
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

Countries
Unavailable
100.00%
Sectors
Unavailable
100.00%
Diversification
This fund does not provide direct exposure to underlying securities.
Top 15 holdings
0
This fund does not provide direct exposure to underlying securities
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Sustainability

Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise

Issuer

First Trust
First Trust ID Card
Number of funds
410
Total AuM
€222.17B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.8035%

Frequently asked questions about MFLX

What does First Trust Flexible Municipal High Income ETF, MFLX, invest in?

MFLX is a Active ETF. This ETF provides exposure to North American Mixed Ratings Municipal Bonds.

What is the Total Expense ratio (TER) of MFLX?

MFLX carries a total expense ratio (TER) of 0.93%, indicating the annual cost for holding the fund.

When was MFLX launched?

MFLX was introduced to the market on September 27, 2016. It trades on United States

Who is the ETF issuer of MFLX?

First Trust Flexible Municipal High Income ETF, MFLX, is provided by First Trust. Learn more about First Trust here.

What is the current assets under management (AUM) of MFLX?

MFLX oversees €16M in assets as of April 23, 2026.

How has MFLX performed lately?

Based on data from April 23, 2026, MFLX returned 2.00% over the past month, 2.05% over the last three months and 2.47% year-to-date.

What are the latest inflows or outflows for MFLX?

As of April 23, 2026, MFLX recorded net flows of +€729K over the last month and +€729K year-to-date.

Does MFLX distribute dividends?

MFLX follows a distributing dividend policy, meaning it pays out income to investors. As of April 23, 2026, its 12-month trailing yield was 4.46%.

What is the base currency of MFLX?

The base currency of MFLX is USD.

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