First Trust Flexible Municipal High Income ETF
Name
As of 10/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.1%
1 yr return
18.1%
3 Yr Avg Return
-2.1%
5 Yr Avg Return
1.5%
Net Assets
$15.9 M
Holdings in Top 10
20.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFLX - Profile
Distributions
- YTD Total Return 5.1%
- 3 Yr Annualized Total Return -2.1%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust Flexible Municipal High Income ETF
-
Fund Family NameFirst Trust Advisors L.P
-
Inception DateSep 27, 2016
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKen Fincher
Fund Description
MFLX - Performance
Return Ranking - Trailing
Period | MFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -86.8% | 7.5% | N/A |
1 Yr | 18.1% | -48.9% | 15.3% | 96.89% |
3 Yr | -2.1%* | -21.5% | 51.9% | 24.99% |
5 Yr | 1.5%* | -5.9% | 29.0% | 21.19% |
10 Yr | N/A* | -3.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | MFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | -91.1% | 101.7% | N/A |
2022 | -23.1% | -79.2% | 102.5% | N/A |
2021 | 4.5% | -66.1% | 60.0% | N/A |
2020 | 3.6% | -57.4% | 7.6% | N/A |
2019 | 13.4% | -35.9% | 3.2% | N/A |
Total Return Ranking - Trailing
Period | MFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -86.8% | 7.5% | 96.30% |
1 Yr | 18.1% | -48.9% | 15.4% | 96.93% |
3 Yr | -2.1%* | -21.5% | 51.9% | 25.40% |
5 Yr | 1.5%* | -5.9% | 29.0% | 17.71% |
10 Yr | N/A* | -3.6% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.0% | -91.1% | 101.7% | 0.19% |
2022 | -19.9% | -79.2% | 102.5% | 9.00% |
2021 | 8.4% | -66.1% | 60.0% | 0.89% |
2020 | 7.2% | -57.4% | 7.6% | 96.65% |
2019 | 15.2% | -35.9% | 3.2% | 0.56% |
MFLX - Holdings
Concentration Analysis
MFLX | Category Low | Category High | MFLX % Rank | |
---|---|---|---|---|
Net Assets | 15.9 M | 2.87 M | 73.9 B | 98.09% |
Number of Holdings | 75 | 1 | 14000 | 72.24% |
Net Assets in Top 10 | 3.27 M | -317 M | 8.64 B | 79.91% |
Weighting of Top 10 | 20.48% | 2.4% | 100.0% | 53.56% |
Top 10 Holdings
- County of Jefferson AL Sewer Revenue 3.06%
- New York City Transitional Finance Authority 2.04%
- Indianapolis Local Public Improvement Bond Bank 2.04%
- Chicago Board of Education 1.98%
- California Health Facilities Financing Authority 1.97%
- Skagit County Public Hospital District No 1 1.97%
- Dutchess County Local Development Corp 1.92%
- San Francisco City County Public Utilities Commission Power Revenue 1.90%
- New Hampshire Business Finance Authority 1.85%
- Capital Projects Finance Authority/FL 1.74%
Asset Allocation
Weighting | Return Low | Return High | MFLX % Rank | |
---|---|---|---|---|
Bonds | 89.78% | 0.00% | 150.86% | 86.95% |
Stocks | 7.34% | -0.03% | 4.63% | 3.06% |
Cash | 2.89% | -50.86% | 100.00% | 11.46% |
Preferred Stocks | 0.00% | -1.79% | 0.04% | 99.68% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 51.78% |
Other | -0.01% | -13.03% | 30.01% | 51.74% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MFLX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MFLX % Rank | |
---|---|---|---|---|
US | 7.34% | -0.03% | 4.63% | 3.06% |
Non US | 0.00% | 0.00% | 0.00% | 51.64% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MFLX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 10.91% |
Securitized | 0.00% | 0.00% | 5.93% | 52.37% |
Corporate | 0.00% | 0.00% | 9.99% | 14.98% |
Municipal | 0.00% | 0.00% | 100.00% | 88.08% |
Government | 0.00% | 0.00% | 52.02% | 54.70% |
Derivative | -0.01% | 0.00% | 21.68% | 51.60% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MFLX % Rank | |
---|---|---|---|---|
US | 89.78% | 0.00% | 142.23% | 89.59% |
Non US | 0.00% | 0.00% | 62.14% | 9.77% |
MFLX - Expenses
Operational Fees
MFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.88% | 0.02% | 3.60% | 37.85% |
Management Fee | 0.75% | 0.00% | 1.10% | 98.69% |
12b-1 Fee | N/A | 0.00% | 1.00% | 9.37% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
MFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.90% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
MFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | N/A |
MFLX - Distributions
Dividend Yield Analysis
MFLX | Category Low | Category High | MFLX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.96% | 0.00% | 35.27% | 0.82% |
Dividend Distribution Analysis
MFLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MFLX | Category Low | Category High | MFLX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.53% | 24.00% | 5.45% |
Capital Gain Distribution Analysis
MFLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.058 | OrdinaryDividend |
Aug 21, 2024 | $0.058 | OrdinaryDividend |
Jul 23, 2024 | $0.055 | OrdinaryDividend |
Jun 27, 2024 | $0.051 | OrdinaryDividend |
Apr 23, 2024 | $0.051 | OrdinaryDividend |
Mar 21, 2024 | $0.051 | OrdinaryDividend |
Feb 21, 2024 | $0.051 | OrdinaryDividend |
Jan 23, 2024 | $0.051 | OrdinaryDividend |
Dec 22, 2023 | $0.051 | OrdinaryDividend |
Nov 21, 2023 | $0.051 | OrdinaryDividend |
Oct 24, 2023 | $0.050 | OrdinaryDividend |
Sep 22, 2023 | $0.050 | OrdinaryDividend |
Aug 22, 2023 | $0.050 | OrdinaryDividend |
Jul 21, 2023 | $0.050 | OrdinaryDividend |
Jun 27, 2023 | $0.050 | OrdinaryDividend |
May 23, 2023 | $0.054 | OrdinaryDividend |
Apr 21, 2023 | $0.054 | OrdinaryDividend |
Mar 24, 2023 | $0.054 | OrdinaryDividend |
Feb 22, 2023 | $0.054 | OrdinaryDividend |
Jan 24, 2023 | $0.054 | OrdinaryDividend |
Dec 23, 2022 | $0.054 | OrdinaryDividend |
Nov 22, 2022 | $0.054 | OrdinaryDividend |
Oct 21, 2022 | $0.054 | OrdinaryDividend |
Sep 23, 2022 | $0.054 | OrdinaryDividend |
Aug 23, 2022 | $0.054 | OrdinaryDividend |
Jul 21, 2022 | $0.058 | OrdinaryDividend |
Jun 24, 2022 | $0.058 | OrdinaryDividend |
May 24, 2022 | $0.058 | OrdinaryDividend |
Apr 12, 2022 | $0.058 | OrdinaryDividend |
Mar 11, 2022 | $0.065 | OrdinaryDividend |
Feb 11, 2022 | $0.065 | OrdinaryDividend |
Jan 11, 2022 | $0.065 | OrdinaryDividend |
Dec 14, 2021 | $0.094 | OrdinaryDividend |
Nov 12, 2021 | $0.063 | OrdinaryDividend |
Oct 13, 2021 | $0.063 | OrdinaryDividend |
Sep 14, 2021 | $0.063 | OrdinaryDividend |
Aug 11, 2021 | $0.063 | OrdinaryDividend |
Jul 13, 2021 | $0.063 | OrdinaryDividend |
Jun 11, 2021 | $0.063 | OrdinaryDividend |
May 11, 2021 | $0.063 | OrdinaryDividend |
Apr 13, 2021 | $0.063 | OrdinaryDividend |
Mar 11, 2021 | $0.063 | OrdinaryDividend |
Feb 11, 2021 | $0.063 | OrdinaryDividend |
Jan 12, 2021 | $0.063 | OrdinaryDividend |
Dec 11, 2020 | $0.063 | OrdinaryDividend |
Nov 12, 2020 | $0.063 | OrdinaryDividend |
Oct 14, 2020 | $0.060 | OrdinaryDividend |
Sep 11, 2020 | $0.055 | OrdinaryDividend |
Aug 11, 2020 | $0.055 | OrdinaryDividend |
Jul 14, 2020 | $0.055 | OrdinaryDividend |
Jun 11, 2020 | $0.053 | OrdinaryDividend |
May 12, 2020 | $0.050 | OrdinaryDividend |
Apr 13, 2020 | $0.050 | OrdinaryDividend |
Mar 11, 2020 | $0.050 | OrdinaryDividend |
Feb 11, 2020 | $0.050 | OrdinaryDividend |
Jan 14, 2020 | $0.048 | OrdinaryDividend |
Dec 11, 2019 | $0.001 | OrdinaryDividend |
Nov 13, 2019 | $0.001 | OrdinaryDividend |
Oct 11, 2019 | $0.001 | OrdinaryDividend |
Sep 11, 2019 | $0.001 | OrdinaryDividend |
Aug 13, 2019 | $0.001 | OrdinaryDividend |
Jul 11, 2019 | $0.001 | OrdinaryDividend |
Jun 11, 2019 | $0.048 | OrdinaryDividend |
May 14, 2019 | $0.048 | OrdinaryDividend |
Apr 11, 2019 | $0.048 | OrdinaryDividend |
Mar 12, 2019 | $0.048 | OrdinaryDividend |
Feb 12, 2019 | $0.050 | OrdinaryDividend |
Jan 11, 2019 | $0.050 | OrdinaryDividend |
Dec 11, 2018 | $0.054 | OrdinaryDividend |
Nov 09, 2018 | $0.054 | OrdinaryDividend |
Oct 11, 2018 | $0.054 | OrdinaryDividend |
Sep 11, 2018 | $0.050 | OrdinaryDividend |
Aug 10, 2018 | $0.050 | OrdinaryDividend |
Jul 11, 2018 | $0.054 | OrdinaryDividend |
Jun 12, 2018 | $0.054 | OrdinaryDividend |
May 11, 2018 | $0.055 | OrdinaryDividend |
Apr 11, 2018 | $0.055 | OrdinaryDividend |
Mar 13, 2018 | $0.055 | OrdinaryDividend |
Feb 13, 2018 | $0.055 | OrdinaryDividend |
Jan 11, 2018 | $0.055 | OrdinaryDividend |
Dec 21, 2017 | $0.058 | OrdinaryDividend |
Nov 21, 2017 | $0.058 | OrdinaryDividend |
Oct 20, 2017 | $0.058 | OrdinaryDividend |
Sep 21, 2017 | $0.060 | OrdinaryDividend |
Aug 22, 2017 | $0.060 | OrdinaryDividend |
Jul 21, 2017 | $0.060 | OrdinaryDividend |
Jun 22, 2017 | $0.060 | OrdinaryDividend |
May 23, 2017 | $0.060 | OrdinaryDividend |
Apr 21, 2017 | $0.060 | OrdinaryDividend |
Mar 23, 2017 | $0.060 | OrdinaryDividend |
Feb 22, 2017 | $0.060 | OrdinaryDividend |
Jan 20, 2017 | $0.060 | OrdinaryDividend |
Dec 21, 2016 | $0.060 | OrdinaryDividend |
Nov 22, 2016 | $0.060 | OrdinaryDividend |
Oct 21, 2016 | $0.060 | OrdinaryDividend |
MFLX - Fund Manager Analysis
Managers
Ken Fincher
Start Date
Tenure
Tenure Rank
Sep 27, 2016
5.68
5.7%
Ken Fincher is a Senior Vice President and Portfolio Manager at First Trust. His current responsibilities include management of separately managed accounts that invest primarily in closed-end funds. He has also helped develop new product structures in the closed-end fund space. Mr. Fincher has been named Outstanding Individual Contributor to the Closed-End Fund Sector in 2007, 2006, 2005 and 2004 by financial analysts and his peers in the closed-end fund community and also served on the Closed-End Fund committee of the Investment Company Institute. Mr. Fincher received a B.A. in financial administration from Michigan State University and an M.B.A. from Loyola University Graduate School of Business.
Johnathan Wilhelm
Start Date
Tenure
Tenure Rank
Apr 14, 2022
0.13
0.1%
Johnathan N. Wilhelm was born in 1966. Mr. Wilhelm joined First Trust in September 2013 as Senior Vice President and Senior Portfolio Manager for the First Trust Advisors Municipal Securities Team and has over 30 years of credit research and portfolio management experience in corporate and municipal securities. Prior to joining First Trust, Mr. Wilhelm was a Portfolio Manager for Municipal Bonds at Performance Trust Investment Advisors for two and one-half years and Senior Vice President and Portfolio Manager at Nuveen Investments for 11 years. Mr. Wilhelm has a BS in Business from Miami University of Ohio and his JD from DePaul University College of Law.
J. Thomas Futrell
Start Date
Tenure
Tenure Rank
Apr 14, 2022
0.13
0.1%
J. Thomas Futrell, CFA was born in 1955. Mr. Futrell earned a B.A. in Economics from Wheaton College and an M.B.A. from Northern Illinois University. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Futrell held various positions in portfolio management and research. Mr. Futrell earned the Chartered Financial Analyst (CFA) charter designation in 1989. The CFA charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.
Thomas Byron
Start Date
Tenure
Tenure Rank
Apr 14, 2022
0.13
0.1%
Tom Byron is a Senior Vice President and Senior Portfolio Manager at First Trust. He joined First Trust in 2022 and has over 40 years of experience in municipal unit trust and municipal bond portfolio management. Prior to joining First Trust, Mr. Byron was a Director and senior portfolio manager on the Tax-Exempt Fixed Income Team at BMO Global Asset Management for over six years. Before joining BMO Global Asset Management in 2015, Tom was an Executive Director and senior portfolio manager at Invesco for five years and Morgan Stanley for thirteen years. He began his career in the investment industry as a unit trust administrator for Invesco in 1981. Tom holds an M.B.A. in finance from DePaul University and a B.S. in finance from Marquette University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.21 | 1.58 |