MFLX
First Trust Flexible Muncpl Hgh Inc ETF
Bloomberg Municipal Long 22+ Yr TR USD
NAV as of
4 Week: 16.26 - 16.60
52 Week: 15.31 - 18.07
Latest Closing Price
16.52
Premium / Discount
0.18
Expense Ratio
0.83%
Investment Objective
The investment 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.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 1.63 | 0.86 | 1.90 |
| 1 Day | 0.21 | 0.00 | 0.00 |
| 1 Week | 0.39 | 0.35 | 1.13 |
| 1 Month | 0.76 | 1.65 | 0.46 |
| 3 Months | 0.82 | 6.79 | 0.12 |
| 6 Months | 4.79 | 10.20 | 0.47 |
| 1 Year | -6.69 | 12.54 | -0.53 |
| 2 Years | -18.28 | 14.61 | -1.25 |
| 3 Years | -6.42 | 17.19 | -0.37 |
| 5 Years | -7.26 | 29.73 | -0.24 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.2449 | -4.2885 | 16.6517 | 7.0549 | 8.1119 | -19.5328 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 11.0000 | 100.0000 | 1.0000 | 12.0000 | 6.0000 | 99.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 23/03/2023 | 30/03/2023 | 0.0540 |
| 21/02/2023 | 27/02/2023 | 0.0540 |
| 23/01/2023 | 30/01/2023 | 0.0540 |
| 22/12/2022 | 29/12/2022 | 0.0540 |
| 21/11/2022 | 29/11/2022 | 0.0540 |
| 20/10/2022 | 30/10/2022 | 0.0540 |
| 22/09/2022 | 29/09/2022 | 0.0540 |
| 22/08/2022 | 30/08/2022 | 0.0540 |
| 20/07/2022 | 28/07/2022 | 0.0575 |
| 23/06/2022 | 29/06/2022 | 0.0575 |
Portfolio Data
Total Number of Holdings: 62
Number of Bond Holdings: 46
Number of Equity Holdings: 0
Total Market Value: 12,264,079
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | Nuveen AMT-Free Muni Credit Inc | 4.8145 | 31,006 | 0 | 511,909 |
| 2 | BlackRock Municipal 2030 Target Term | 4.5582 | 20,236 | 0 | 484,652 |
| 3 | Nuveen Quality Muni Income Fund | 4.5227 | 33,302 | 0 | 480,881 |
| 4 | Nuveen AMT-Free Quality Muni Inc | 4.5113 | 33,708 | 0 | 479,665 |
| 5 | Nuveen Municipal Value | 4.0855 | 41,569 | 0 | 434,396 |
| 6 | BlackRock Muni Inter Duration | 3.8937 | 29,487 | 0 | 413,997 |
| 7 | BlackRock MuniYield Qty III | 3.6365 | 28,963 | 0 | 386,656 |
| 8 | Nuveen Municipal Credit Income | 3.5157 | 23,363 | 0 | 373,808 |
| 9 | Nuveen Enhanced Muni Value | 3.4529 | 25,215 | 0 | 367,130 |
| 10 | Invesco Quality Muni Income Trust | 3.4387 | 29,438 | 0 | 365,620 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 0.00 |
| Large | 0.00 |
| Medium | 0.01 |
| Small | 0.00 |
| Micro | 0.00 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
79.3651
Price/Sales*
0.0934
Price/Cash Flow*
1.0918
Dividend Yield*
3.8100
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
3.8724
Sales Growth
11.7131
Cash-Flow Growth
10.2938
Book-Value Growth
-64.5979
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
46
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 8.39 |
| Average Effective Maturity (Years)* | 16.01 |
| Average Credit Quality | 0 |
| Average Weighted Coupon* | 4.76 |
| Average Weighted Price* | 97.95 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 9.08 |
| AA | 27.83 |
| A | 27.47 |
| BBB | 18.75 |
| BB | 5.33 |
| B | 2.71 |
| Below B | 1.47 |
| Not Rated | 7.37 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 0.11 |
| 3 to 5 Years | 2.27 |
| 5 to 7 Years | 2.62 |
| 7 to 10 Years | 8.48 |
| 10 to 15 Years | 18.21 |
| 15 to 20 Years | 35.90 |
| 20 to 30 Years | 22.63 |
| Over 30 Years | 7.72 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.01 |
| 183 to 364 Days | 0.02 |
Data Source: Morningstar
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