First Trust Flexible Municipal High Income ETF MFLX
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 1.01%
- Net assets
- $18.9M
- Holdings
- 79
- 12-month distribution yield
- 4.46%
- Asset class
- Fixed income
First Trust Flexible Municipal High Income ETF (MFLX) is an exchange-traded fund listed on the Nasdaq in the United States, issued by First Trust. Its category is Fixed income · US (fixed income). Its last price was US$16.17 on 20 Oct 2026. Its expense ratio is 1.01% a year, from its prospectus dated 2 Jan 2026. It reported net assets of US$18.9 million as of 31 May 2026. Its latest holdings report lists 79 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$0.72 a unit, a 12-month distribution yield of 4.46%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 1.01%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.75%
- Prospectus date
- 2 Jan 2026
- Filed with the SEC
- 29 Dec 2025
Size and reporting
- Net assets
- $18,901,724
- Total assets
- $19,159,538
- Holdings as of
- 31 May 2026
- Report made public
- 22 Jul 2026 (52 days after the month end)
Top holdings
Largest 25 of 79 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | COLUMBUS REGIONAL AIRPORT AUTHORITY (OH) OH COLAPT 5.5 01/01/2050 | US199546DC38 | 2.80% | $529K | Debt | United States | USD |
| 2 | JEFFERSON (AL), COUNTY OF AL JEFUTL 5.25 10/01/2042 | US472682ZM84 | 2.58% | $488K | Debt | United States | USD |
| 3 | CHARLESTON CNTY S C ARPT DIST SC CHAAPT 5.25 07/01/2042 | US160070EF14 | 1.73% | $327K | Debt | United States | USD |
| 4 | DUTCHESS CNTY N Y LOC DEV CORP NY DUTMFH 5 10/01/2040 | US26704AAA97 | 1.70% | $321K | Debt | United States | USD |
| 5 | MAINE FINANCE AUTHORITY (ME) ME MESPOL 5 08/01/2035 | US56042CAZ86 | 1.67% | $316K | Debt | United States | USD |
| 6 | INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK (IN) IN INPGEN 6 03/01/2053 | US45528U6X43 | 1.65% | $312K | Debt | United States | USD |
| 7 | TEXAS WATER DEVELOPMENT BOARD (TX) TX TXSWTR 5 10/15/2060 | US88285AKF48 | 1.65% | $311K | Debt | United States | USD |
| 8 | HAMILTON (OH), COUNTY OF OH HAMMED 5.25 01/01/2045 | US40727RDG02 | 1.64% | $309K | Debt | United States | USD |
| 9 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA) MA MASDEV 5.25 06/01/2060 | US57585BMW53 | 1.63% | $309K | Debt | United States | USD |
| 10 | ERIE PA SWR AUTH PA ERIUTL 5 12/01/2046 | US295533RY11 | 1.63% | $309K | Debt | United States | USD |
| 11 | VERMONT ECONOMIC DEVELOPMENT AUTHORITY (VT) VT VTSDEV 4 05/01/2037 | US92415TCA88 | 1.62% | $307K | Debt | United States | USD |
| 12 | UTAH CITY WEST PUB INFRASTRUCTURE DIST NO 1 UTAH UT UCWGEN 5.88 12/01/2055 | US91735EAD22 | 1.62% | $306K | Debt | United States | USD |
| 13 | PUBLIC HOSPITAL DISTRICT N.1 (WA) WA SKAMED 5.5 12/01/2054 | US830227EP53 | 1.61% | $305K | Debt | United States | USD |
| 14 | NEW HAMPSHIRE ST BUSINESS FIN AUTH NH NHSDEV 5.38 04/01/2049 | US644684GJ50 | 1.60% | $302K | Debt | United States | USD |
| 15 | CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA) CA CASFIN 6 01/01/2055 | US13048V6W31 | 1.55% | $294K | Debt | United States | USD |
| 16 | IOWA FINANCE AUTHORITY (IA) IA IASGEN 12/01/2050 | US46246SAV79 | 1.50% | $283K | Debt | United States | USD |
| 17 | CAPITAL PROJECTS FINANCE AUTHORITY (FL) FL CPPEDU 6.5 06/15/2054 | US14043FAH91 | 1.49% | $281K | Debt | United States | USD |
| 18 | TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP IV (TX) TX TMGUTL 01/01/2054 | US88256PAT75 | 1.45% | $274K | Debt | United States | USD |
| 19 | HOUSTON TEX TX HOUAPT 5.5 07/01/2045 | US442349JT44 | 1.45% | $274K | Debt | United States | USD |
| 20 | DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY) NY NYSGEN 5.25 03/15/2047 | US64990KJB08 | 1.43% | $270K | Debt | United States | USD |
| 21 | PATRIOTS ENERGY GROUP FINANCING AGENCY (SC) SC PEGUTL 02/01/2054 | US70342PAR55 | 1.43% | $270K | Debt | United States | USD |
| 22 | ILLINOIS (IL), STATE OF IL ILS 5.5 04/01/2051 | US452153RJ08 | 1.41% | $267K | Debt | United States | USD |
| 23 | ARIZONA INDL DEV AUTH AZ AZSEDU 5.5 11/01/2051 | US04052FFY60 | 1.40% | $264K | Debt | United States | USD |
| 24 | PUBLIC FINANCE AUTHORITY (WI) WI PUBFIN 5.25 06/15/2055 | US74439YFV83 | 1.40% | $264K | Debt | United States | USD |
| 25 | MAINE FIN AUTH ME MESGEN 5.5 07/01/2055 | US56042BCS43 | 1.40% | $264K | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 94.26% | |
| Equity (common) | 5.49% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 98.41% | |
| Australia | 1.33% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 99.75% |
Sector
| Sector | Weight | Bar |
|---|---|---|
| Finance | 2.38% |
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $0.7210
- 12-month yield
- 4.46%
- Frequency
- Monthly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($0.7210) ÷ latest price ($16.17) × 100 = 4.46%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (59 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.0620 |
| 21 Aug 2026 | $0.0620 |
| 21 Jul 2026 | $0.0610 |
| 25 Jun 2026 | $0.0610 |
| 21 May 2026 | $0.0610 |
| 21 Apr 2026 | $0.0600 |
| 26 Mar 2026 | $0.0600 |
| 20 Feb 2026 | $0.0600 |
| 21 Jan 2026 | $0.0600 |
| 12 Dec 2025 | $0.0580 |
| 21 Nov 2025 | $0.0580 |
| 21 Oct 2025 | $0.0580 |
| 25 Sep 2025 | $0.0580 |
| 21 Aug 2025 | $0.0580 |
| 22 Jul 2025 | $0.0580 |
| 26 Jun 2025 | $0.0580 |
| 21 May 2025 | $0.0580 |
| 22 Apr 2025 | $0.0580 |
| 27 Mar 2025 | $0.0580 |
| 21 Feb 2025 | $0.0580 |
| 22 Jan 2025 | $0.0580 |
| 13 Dec 2024 | $0.0580 |
| 21 Nov 2024 | $0.0580 |
| 22 Oct 2024 | $0.0580 |
| 26 Sep 2024 | $0.0580 |
| 21 Aug 2024 | $0.0580 |
| 23 Jul 2024 | $0.0550 |
| 27 Jun 2024 | $0.0510 |
| 21 May 2024 | $0.0510 |
| 23 Apr 2024 | $0.0510 |
| 21 Mar 2024 | $0.0510 |
| 21 Feb 2024 | $0.0510 |
| 23 Jan 2024 | $0.0510 |
| 22 Dec 2023 | $0.0510 |
| 21 Nov 2023 | $0.0510 |
| 24 Oct 2023 | $0.0500 |
| 22 Sep 2023 | $0.0500 |
| 22 Aug 2023 | $0.0500 |
| 21 Jul 2023 | $0.0500 |
| 27 Jun 2023 | $0.0500 |
| 23 May 2023 | $0.0540 |
| 21 Apr 2023 | $0.0540 |
| 24 Mar 2023 | $0.0540 |
| 22 Feb 2023 | $0.0540 |
| 24 Jan 2023 | $0.0540 |
| 23 Dec 2022 | $0.0540 |
| 22 Nov 2022 | $0.0540 |
| 21 Oct 2022 | $0.0540 |
| 23 Sep 2022 | $0.0540 |
| 23 Aug 2022 | $0.0540 |
| 21 Jul 2022 | $0.0580 |
| 24 Jun 2022 | $0.0580 |
| 24 May 2022 | $0.0580 |
| 12 Apr 2022 | $0.0580 |
| 11 Mar 2022 | $0.0650 |
| 11 Feb 2022 | $0.0650 |
| 11 Jan 2022 | $0.0650 |
| 14 Dec 2021 | $0.0940 |
| 12 Nov 2021 | $0.0630 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000053970) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- MFLX and BND Vanguard Total Bond Market ETF
- MFLX and AGG iShares Core U.S. Aggregate Bond ETF
- MFLX and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- MFLX and BSV Vanguard Short-Term Bond ETF