First Trust Flexible Municipal High Income ETF

Price: $15.98
Change: $0.18 (-0.01%)
Category: New York Munis
Last Updated:


Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 0.83%
ETF Home Page Home page
Inception Sep 27, 2016
Index Tracked ACTIVE - No Index

Analyst Report


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ETF Database Themes

Category New York Munis
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Municipal Bond

FactSet Classifications

Segment Fixed Income: U.S. Government, Local Authority/Municipal Broad Credit
Category Government, Local Authority/Municipal
Focus Broad Credit
Niche Broad Maturities
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $14.80
  • 52 Week Hi $18.75
  • AUM $12.2 M
  • Shares 0.8 M

Historical Trading Data

  • 1 Month Avg. Volume 1,570
  • 3 Month Avg. Volume 1,972

Alternative ETFs in the ETF Database New York Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest NYF 0.25% $642.6 M 77,957 1.05%
Largest (AUM) NYF 0.25% $642.6 M 77,957 1.05%
Most Liquid (Volume) NYF 0.25% $642.6 M 77,957 1.05%
Top YTD Performer PZT 0.28% $87.8 M 13,186 1.18%

Alternative ETFs in the FactSet Fixed Income: U.S. Government, Local Authority/Municipal Broad Credit Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CGMU 0.27% $230.1 M 102,202 1.91%
Largest (AUM) TAXF 0.29% $337.3 M 31,477 2.00%
Most Liquid (Volume) CGMU 0.27% $230.1 M 102,202 1.91%
Top YTD Performer MINO 0.39% $82.2 M 14,926 3.04%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

MFLX ETF Database Category Average FactSet Segment Average
Number of Holdings 63 297 397
% of Assets in Top 10 23.84% 22.30% 15.19%
% of Assets in Top 15 34.56% 31.08% 20.81%
% of Assets in Top 50 96.71% 76.92% 52.02%

Size Comparison

MFLX ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

MFLX Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

MFLX Dividend

This section compares the dividend yield of this ETF to its peers.

MFLX ETF Database Category Average FactSet Segment Average
Dividend $ 0.05 $ 0.07 $ 0.10
Dividend Date 2023-08-22 N/A N/A
Annual Dividend Rate $ 0.64 $ 0.83 $ 1.09
Annual Dividend Yield 3.98% 3.10% 3.29%

MFLX Price and Volume Charts

View charts featuring MFLX price and volume data.

MFLX Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 0 1 Year Net Flows: -753.25 K 3 Year Net Flows: 7.68 M 5 Year Net Flows: 2.74 M 10 Year Net Flows: 14.76 M

MFLX Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -17.25 K
1 Month Net AUM Change: -150 K
3 Month Net AUM Change: -171 K
6 Month Net AUM Change: -157.5 K
1 Year Net AUM Change: -916.85 K
3 Year Net AUM Change: 3.56 M
5 Year Net AUM Change: -1.02 M
10 Year Net AUM Change: 12.23 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for MFLX on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the New York Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B PZT
Expenses B NYF

A+ Overall Rated ETF:

MFLX Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

MFLX does not have an ESG score. There are no ESG themes that map to this ETF.

MFLX Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

MFLX ETF Database
Category Average
Factset Segment
1 Month Return -1.89% -1.01% -0.69%
3 Month Return -3.04% -2.13% -1.36%
YTD Return 0.80% 0.89% 1.94%
1 Year Return 2.22% 3.27% 2.75%
3 Year Return -2.35% -1.54% -0.82%
5 Year Return 1.65% 1.05% 0.86%

Geographic Exposure

The following charts reflect the geographic spread of MFLX's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of MFLX's underlying holdings.

Asset Percentage
Municipal 94.27%
Closed-ended Fund 4.01%
CASH 1.69%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 94.27%
Closed-ended Fund 4.01%
CASH 1.69%

MFLX Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 85.23%
20 Day Volatility 20.58%
50 Day Volatility 17.43%
200 Day Volatility 13.20%
Beta 0.31
Standard Deviation 0.45%
5 Day Volatility
1 of 4

20 Day Volatility
1 of 4

50 Day Volatility
1 of 4

200 Day Volatility
1 of 4

1 of 4

Standard Deviation
4 of 4


  • 20 Day MA $16.12
  • 60 Day MA $16.30
  • MACD 15 Period -0.11
  • MACD 100 Period -0.34
  • Williams % Range 10 Day 57.31
  • Williams % Range 20 Day 57.31
  • RSI 10 Day 45
  • RSI 20 Day 46
  • RSI 30 Day 47
  • Ultimate Oscillator 37

Bollinger Bands

  • Lower Bollinger (10 Day) $15.90
  • Upper Bollinger (10 Day) $16.34
  • Lower Bollinger (20 Day) $15.90
  • Upper Bollinger (20 Day) $16.37
  • Lower Bollinger (30 Day) $15.93
  • Upper Bollinger (30 Day) $16.44

Support & Resistance

  • Support Level 1 $15.91
  • Support Level 2 $15.84
  • Resistance Level 1 $16.11
  • Resistance Level 2 $16.23


  • Stochastic Oscillator %D (1 Day) 20.30
  • Stochastic Oscillator %D (5 Day) 33.07
  • Stochastic Oscillator %K (1 Day) 32.37
  • Stochastic Oscillator %K (5 Day) 46.03


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) -0.22
  • Maximum Premium Discount (%) 3.22
  • Average Spread (%) 29.85
  • Average Spread ($) 29.85

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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