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First Trust Flexible Municipal High Income (MFLX) ETF Holdings & Analysis
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What MFLX does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| COLUMBUS OH REGL ARPT AUTH REV 5.50%, due 01/01/2050 | 2.62% | |
| MOBILE AL INDL DEV BRD REVENUE Variable rate, due 09/01/2031 | 2.58% | |
| TARRANT CNTY TX CULTURAL EDU FACS FIN CORP 5%, due 09/01/2047 | 2.51% | |
| JEFFERSON CNTY AL SWR REVENUE 5.25%, due 10/01/2042 | 2.38% | |
| MET GOVT NASHVILLE & DAVIDSON CNTY TN 6%, due 12/01/2051 | 1.67% | |
| MAINE ST FIN AUTH SOL WST DISP N/C, 5%, due 08/01/2035 | 1.58% | |
| OMAHA NE ARPT AUTH 5.50%, due 12/15/2051 | 1.57% | |
| INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK 6%, due 03/01/2053 | 1.57% | |
| COLORADO ST HLTH FACS AUTH REV 5%, due 05/15/2045 | 1.56% | |
| ERIE PA SWR AUTH 5%, due 12/01/2046 | 1.56% |
Sector allocation
| Cash & Others | 100.00% |
Geographic allocation
| United States | 99.36% |
| Puerto Rico | 2.42% |
PortView Portfolio Insights
PortView analyzes how MFLX fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does MFLX track?
- MFLX is the First Trust Flexible Municipal High Income ETF, a Other ETF.
- What is the expense ratio of MFLX?
- Expense ratio data for MFLX is shown on the page when available from our data provider.
- What are the largest holdings in MFLX?
- Top holdings include COLUMBUS OH REGL ARPT AUTH REV 5.50%, due 01/01/2050, MOBILE AL INDL DEV BRD REVENUE Variable rate, due 09/01/2031, TARRANT CNTY TX CULTURAL EDU FACS FIN CORP 5%, due 09/01/2047, JEFFERSON CNTY AL SWR REVENUE 5.25%, due 10/01/2042, MET GOVT NASHVILLE & DAVIDSON CNTY TN 6%, due 12/01/2051.
- How can PortView analyze MFLX overlap with other ETFs?
- PortView computes the holdings overlap between MFLX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.