First TrustMuni National LongMFLX · Nasdaq

First Trust Flexible Municipal High Income ETF (MFLX)

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Price: $16.40; —30 Oct 2026
Assets: $19.9M; Total net assets
Expense ratio: 0.49%; Category 0.75%
Yield: 4.51%; Trailing distributions

1Y return: 0.2%+0.5%; Category -0.2%
3Y CAGR: 5.9%+0.2%; Category 5.7%
5Y CAGR: -0.6%0.0%; Category -0.5%

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First Trust Flexible Municipal High Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+3.9%	-1.9%	-1.8%	0.0%	+0.2%	+5.9%	-0.6%	+2.2%	+1.7%
Muni National Long average	3.7%	-1.4%	-1.8%	-0.3%	-0.2%	5.7%	-0.5%	1.6%	2.1%
Difference	+0.2%	-0.5%	0.0%	+0.4%	+0.5%	+0.2%	0.0%	+0.5%	-0.4%

Holdings

Allocation as last published by the fund.

Asset mix

What the fund is invested in.

Bonds96.2%
Cash3.8%

ETF details

Issuer: First Trust
Category: Fixed Income · Muni National Long
Ticker: MFLX
Exchange: Nasdaq
Inception: 27 Sept 2016 (10.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.49% (category 0.75%)
Holdings turnover: 33% (category 32%)
Distribution yield: 4.51%
Beta, 3 years: 1.14
Total net assets: $19.9M
Average duration: 5.01 years
Average maturity: 9.35 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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