First Trust Flexible Municipal High Income ETF (MFLX)
MFLX is an actively managed ETF by First Trust. MFLX launched on Sep 27, 2016 and has a 0.88% expense ratio.
ETF Info
| ISIN | US33740F5089 |
|---|---|
| Issuer | First Trust |
| Inception Date | Sep 27, 2016 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
MFLX features an expense ratio of 0.88%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MFLX vs. HYMU, MFLX vs. SUB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Flexible Municipal High Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Flexible Municipal High Income ETF had a return of 4.20% year-to-date (YTD) and 13.57% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.20% | 25.82% |
| 1 month | -0.62% | 3.20% |
| 6 months | 3.25% | 14.94% |
| 1 year | 13.57% | 35.92% |
| 5 years (annualized) | 1.47% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of MFLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.64% | 0.72% | 0.24% | -0.99% | -0.30% | 2.44% | 1.36% | 1.39% | 0.97% | -1.36% | 4.20% | ||
| 2023 | 2.85% | -1.30% | 1.31% | 0.57% | -1.42% | 1.75% | 0.51% | -3.87% | -0.64% | -0.57% | 4.75% | 5.04% | 8.98% |
| 2022 | -8.09% | -2.00% | -4.21% | -6.03% | 1.91% | -2.66% | 4.01% | -3.20% | -5.80% | -0.62% | 4.41% | 1.14% | -19.94% |
| 2021 | 1.09% | -1.81% | 2.09% | 2.03% | 1.83% | 2.06% | 1.20% | 0.50% | -3.28% | -0.71% | 1.76% | 1.52% | 8.43% |
| 2020 | 2.76% | -1.63% | -8.14% | -3.54% | 5.99% | 1.76% | 4.99% | -1.24% | -0.13% | -0.48% | 4.64% | 2.89% | 7.20% |
| 2019 | 3.85% | 2.00% | 2.04% | 0.41% | 1.66% | 1.28% | 1.51% | 2.60% | -0.72% | -0.89% | 0.91% | 1.18% | 16.91% |
| 2018 | -3.29% | -0.89% | 0.11% | 0.09% | 1.32% | -0.25% | 0.52% | 0.53% | -1.80% | -2.90% | 1.87% | 0.07% | -4.66% |
| 2017 | 0.62% | 1.13% | -0.26% | 1.10% | 1.91% | -0.11% | 1.83% | 0.40% | 0.22% | -1.81% | -0.18% | 0.64% | 5.57% |
| 2016 | -0.09% | -5.03% | -4.67% | 2.13% | -7.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MFLX is 43, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Flexible Municipal High Income ETF (MFLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Flexible Municipal High Income ETF provided a 3.70% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.62 | $0.70 | $0.79 | $0.65 | $0.58 | $0.65 | $0.71 | $0.18 |
Dividend yield | 3.70% | 3.65% | 4.29% | 3.72% | 3.22% | 2.97% | 3.74% | 3.81% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Flexible Municipal High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.54 | |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.70 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.09 | $0.79 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.65 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.65 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Flexible Municipal High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Flexible Municipal High Income ETF was 26.76%, occurring on Mar 18, 2020. Recovery took 176 trading sessions.
The current First Trust Flexible Municipal High Income ETF drawdown is 10.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.76% | Feb 25, 2020 | 17 | Mar 18, 2020 | 176 | Nov 25, 2020 | 193 |
| -25.88% | Aug 25, 2021 | 297 | Oct 27, 2022 | — | — | — |
| -10.1% | Sep 30, 2016 | 44 | Dec 1, 2016 | 580 | Mar 26, 2019 | 624 |
| -4.45% | Feb 12, 2021 | 8 | Feb 24, 2021 | 34 | Apr 14, 2021 | 42 |
| -3.82% | Sep 5, 2019 | 8 | Sep 16, 2019 | 61 | Dec 11, 2019 | 69 |
Volatility
Volatility Chart
The current First Trust Flexible Municipal High Income ETF volatility is 2.66%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.