MFLX

First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF

$17.07

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The First Trust Flexible Municipal High Income ETF (MFLX) seeks to provide current income that is generally exempt from regular federal income taxes.

Overview

ETF tracking First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF

Category Municipal Bonds

Issuer First Trust

Inception Date 2016-09-28

Market Cap $17.1M

Average Volume N/A

Dividend Yield 3.37%

52-Week Range $16.04 - $17.55

VWAP $17.09

Performance

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Investment Summary

📎 Investment Objective

The First Trust Flexible Municipal High Income ETF (MFLX) seeks to provide current income that is generally exempt from regular federal income taxes.

🎯 Investment Strategy

The fund invests primarily in municipal debt securities, focusing on high-yield municipal bonds. The portfolio managers have flexibility to adjust the fund's duration and credit exposure based on market conditions.

✨ Key Features

Invests in a diversified portfolio of municipal bonds, with a focus on high-yield issues
Actively managed approach allows for tactical adjustments to interest rate and credit risk exposure
Distributions are generally exempt from regular federal income taxes
Low current assets under management and expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk as bond prices generally decline when interest rates rise
Credit risk if municipal issuers experience financial difficulties or downgrades
Liquidity risk for less actively traded high-yield municipal bonds
Tax-related risks if the fund's income becomes subject to federal income taxes

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and willing to take on the additional risks of a high-yield municipal bond portfolio. It is best suited for investors with a medium to long-term time horizon who can tolerate the volatility associated with the high-yield municipal bond market.