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MFLX
+0.26 · +1.55%
$17.07 · NASDAQ

First Trust Flexible Municipal High Income ETF (MFLX) ETF Analysis | Muni National Long

First Trust · USA
AUM:$18.2M
#– of – in Muni National Long ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 5.1% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.88% — above average for this category.

What is MFLX?

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal debt securities are generally issued by or on behalf of states, territories or possessions of the United States and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Positive 1-Year Return
MFLX returned 5.1% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 0.88% is above average. Verify whether the strategy justifies the cost.
Broadly Diversified
Top 10 holdings represent just 5.6% of the ETF — exposure spread across many positions.
ETF Information
AUM$18.2M
Expense Ratio0.88%
Dividend Yield4.04%
Holdings17
Inception DateSept 2016
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta1.10
CategoryMuni National Long
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.9%
1Y
+4.5%
3Y
+14.2%
5Y
-6.6%
OpenBook InsightIf you had invested £10,000 in MFLX 5 years ago, it would have fallen to £9,339 — a loss of £661.

Annual Returns

Calendar year performance

MFLX delivered positive returns in 3 of the last 5 calendar years.
YearMFLX
2026 YTD-0.3%
2025+4.5%
2024+4.7%
2023+8.9%
2022-19.6%
CAGR 4yr-1.1%
3/5 positive yearsAvg return: -0.4%Worst year: -19.6% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
4.4%
Low
Momentum
-2.7%
30-day change
Support Level
16.79
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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