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First Trust Flexible Municipal High Income ETF (MFLX)

16.81 -0.01 (-0.03%)
At close: April 18 at 4:00 PM EDT

ETF Summary

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.

ETF Overview

Category Muni National Long
Fund Family First Trust Advisors L.P.
Net Assets 16.19M
YTD Daily Total Return -0.53%
Yield 3.60%
Legal Type Exchange Traded Fund

ETF Operations

Attributes MFLX Category Average
Annual Report Expense Ratio (net) 0.88% 0.80%
Holdings Turnover 27.00% 41.56%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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