Fund Evaluator:
First Trust Flexible Muncpl Hgh Inc ETF (MFLX)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
Muni National Long
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.75% F
Expense Ratio
$19 Mil
Assets
Open
Status
0.00%
12b-1 Fee
4.04%
TTM Yield
0.00%
Max Load
33%
Portfolio Turnover
Best Performing in Muni National Long Over the Last Year
| 9.2% | Victory Tax Exempt Long-Term (USTEX) |
| 8.6% | Vanguard High-Yield Tax-Exempt Adm (VWALX) |
| 8.5% | Vanguard High-Yield Tax-Exempt (VWAHX) |
| 8.3% | T. Rowe Price Tax-Free Income Inv (PRTAX) |
| 8.2% | T. Rowe Price Summit Municipal Inc Inv (PRINX) |
Data as of 6/30/2026
1.2% B
1-Mo Return
3.8% A
3-Mo Return
3.8% A
YTD Return
9.5% A
1-Yr Return
5.5% A
3-Yr Return
-0.2% D
5-Yr Return
0.86 A
Category Risk Index
0.53
Total Risk Index
Fund Details
Fund Family
First Trust
Inception Date
9/27/2016
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg Municipal Long 22+ Yr TR USD: 100%
Additional Fund Details
First Trust Flexible Muncpl Hgh Inc ETF Overview
MFLX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MFLX Return (NAV) | 1.2% | 3.8% | 9.5% | 5.5% | -0.2% | na |
| MFLX Grade | B | A | A | A | D | na |
| +/- Category | 0.2% | 0.9% | 2.0% | 1.5% | -0.8% | na |
| Muni National Long Avg | 1.0% | 2.9% | 7.5% | 4.0% | 0.6% | 1.9% |
| MFLX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
MFLX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MFLX Return (NAV) | 3.8% | 4.0% | 4.6% | 8.0% | -19.5% | 8.1% | 7.1% | 16.7% | -4.3% | 6.2% | na |
| MFLX Grade | A | C | A | B | F | A | B | A | F | D | na |
| +/- Category | 1.1% | 1.0% | 2.2% | 1.2% | -7.9% | 5.3% | 2.3% | 8.6% | -5.0% | 0.4% | na |
| Muni National Long Avg | 2.8% | 3.0% | 2.5% | 6.8% | -11.6% | 2.8% | 4.7% | 8.1% | 0.7% | 5.8% | 0.2% |
| Risk Measures | |
| Standard Deviation: | 6.5% |
| Total Risk Index: | 0.53 - Low |
| Category Risk Index: | 0.86 - Below Average |
| Category Risk Grade: | B (27% Rank) |
| Beta: | 1.13 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $19 Mil |
| Fund Total Assets: | $ 20 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 33% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 9.8 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Fincher Ken (2016), Wilhelm Johnathan (2022), Byron Thomas (2022), O'Leary Shawn (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 79 |
| % in Top 10 Holdings: | 18.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.6% |
Portfolio Allocation |
|
| Domestic Stock: | -0.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 93.8% |
| Foreign Bond: | 2.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.8% |
Purchase Information
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: |
| Status: | Open |
| Inception Date: | September 27, 2016 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.78% |
| Share Class: | First Trust Flexible Muncpl Hgh Inc ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.