First Trust Flexible Municipal High Income ETFMFLX

First TrustBonds & CashMunicipal#388 of 786 by YTD

$16.52

+0.4% last session

+0.7% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026MFLXS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	+4.8%	−1.6%	+0.7%	+0.9%	+19.5%	−1.1%	+19.9%
Peer average	+0.3%	+3.3%	−0.5%	+0.6%	+1.0%	+15.1%	+2.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $20M
Expense ratio: 0.49%
Distribution yield: 4.4%
NAV: $16.48
Volume: 2K
Avg. volume 30D: 6K
High today: $16.57
Low today: $16.52
Previous close: $16.45
52-week high: $17.95
52-week low: $15.57
Our risk indicator: 2/5

MFLX in One Breath

MFLX Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.6%$59.6M

#2OVMOverlay Shares+2.4%$46.0M

#3MYMGSPDR+2.2%$8.6M

#4TAXTFlexShares+2.1%$197M

#5SMMUPIMCO+2.1%$1.3B

#6FTMSFranklin Templeton+2.0%$265M

#7MYMFSPDR+1.9%$8.7M

#8IBMOiShares+1.9%$498M

#63MFLXFirst Trust+0.7%$19.8M

End-of-day Nov 5, 2026 · 141 Municipal ETFs by YTD

$10,000 in MFLX

$10,000 in MFLX became

$9,892

In the S&P 500 (VOO)

$18,115

Total return, dividends in · Oct 27, 2021 – Nov 4, 2026 · S&P 500 uses VOO

MFLX’s Top Holdings

Today

COLUMBUS OH RECOLUMBUS OH REGL ARPT AUTH REV 5.50%, due 01/01/20502.6%MOBILE AL IN2.6%TARRANT CNTY2.5%JEFFERSON CN2.4%MET GOVT NAS1.7%OMAHA NE ARP1.6%INDIANAPOLIS1.6%MAINE ST FIN1.6%ERIE PA SWR 1.6%COLORADO ST 1.6%DUTCHESS CNT1.5%MONROE CNTY 1.5%HAMILTON CNT1.5%MASSACHUSETT1.5%UTAH CITY WE1.5%SKAGIT CNTY 1.5%NEW HAMPSHIR1.5%CALIFORNIA S1.5%CAPITAL PROJ1.4%POLK CNTY FL1.4%TEXAS ST MUN1.4%HOUSTON TX A1.3%

First Trust MFLX · 76 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What MFLX Holds

Today

All holdings100.0%

COLUMBUS O 2.6 · MOBILE AL 2.6 · TARRANT CN 2.5 · JEFFERSON 2.4 · MET GOVT N 1.7 · OMAHA NE A 1.6 · INDIANAPOL 1.6

First Trust MFLX · share of the fund · as of Nov 4, 2026

COLUMBUS’s Share of MFLX

Today

2.6%

$26 of every $1,000 in MFLX is COLUMBUS

COLUMBUS held by MFLX

$516K

First Trust MFLX · each square = $10 of $1,000 · as of Nov 4, 2026

MFLX’s Share of Municipal ETFs

Today

0.0%

of the $244B in 166 Municipal ETFs

MFLX$19.8M0.0%

MUB$54.7B22.4%

VTEB$49.6B20.3%

163 others$140B57.3%

Municipal ETF AUM · Nov 5, 2026

MFLX Fee per $100 vs Peers

Today

$0.49a year
per $100

$49 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

MFLX$0.49

Expense ratio · Municipal peers · Nov 5, 2026

Inside MFLX

76 holdings · as of Nov 4, 2026

MFLX

First Trust Flexible Municipal High Income ETF

Today

All holdings100.0%COLUMBUS O2.6%MOBILE AL 2.6%TARRANT CN2.5%JEFFERSON 2.4%63 more holdings74.4% of the fund

All holdings100.0%71 more holdings86.7% of the fund

#	Ticker	Company	Weight ▼
1	—	COLUMBUS OH REGL ARPT AUTH REV 5.50%, due 01/01/2050	2.61%
2	—	MOBILE AL INDL DEV BRD REVENUE Variable rate, due 09/01/2031	2.56%
3	—	TARRANT CNTY TX CULTURAL EDU FACS FIN 5%, due 09/01/2047	2.50%
4	—	JEFFERSON CNTY AL SWR REVENUE 5.25%, due 10/01/2042	2.37%
5	—	MET GOVT NASHVILLE & DAVIDSON CNTY TN 6%, due 12/01/2051	1.67%
6	—	OMAHA NE ARPT AUTH 5.50%, due 12/15/2051	1.57%
7	—	INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK 6%, due 03/01/2053	1.56%
8	—	MAINE ST FIN AUTH SOL WST DISP N/C, 5%, due 08/01/2035	1.56%
9	—	ERIE PA SWR AUTH 5%, due 12/01/2046	1.56%
10	—	COLORADO ST HLTH FACS AUTH REV 5%, due 05/15/2045	1.55%

First Trust MFLX · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 34.3%

How It Compares

MFLX

First Trust Flexible Municipal High Income ETF’s Peers


MUB	iSharesRead Desk	0.05%	+0.7%	+0.1%	$54.7B
VTEB	VanguardRead Desk	0.03%	+0.7%	+0.2%	$49.6B
SUB	iSharesRead Desk	0.07%	+2.3%	+1.5%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.8%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+1.4%	+0.8%	$7.5B
MFLX	First TrustThis fundRead Desk	0.49%	+0.9%	+0.7%	$20M

Municipal peers · Past-year and ytd returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put MFLX head to head with MUB →

MUB vs MFLX

YTD

MUBiShares · MunicipalMFLXFirst Trust · Municipal

Year to date

+0.1%

+0.7%

MFLX wins+0.6 pts

Past year

+0.7%

+0.9%

MFLX wins+0.2 pts

Fee

0.05%

0.49%

MUB winslower fee

Yield

3.3%

4.4%

MFLX wins+1.1 pts

AUM

$54.7B

$19.8M

MUB2762.9× more

3–1MFLX wins

iShares MUB and First Trust MFLX · year-to-date · as of Nov 5, 2026 · AUM not scored

MFLX vs VOO

MFLX · First Trust Flexible Municipal High Income

+0.9%

VOO · S&P 500

+13.5%

Gap

12.6 pts

First Trust MFLX and Vanguard VOO · 1Y total return · as of Nov 5, 2026

MFLX vs Its Peer Average

YTD

MFLXAvsBPeer average

1D+0.4%+0.3%

1M+4.8%+3.3%

3M−1.6%−0.5%

YTD+0.7%+0.6%

1Y+0.9%+1.0%

3Y+19.5%+15.1%

5Y−1.1%+2.7%

4–3MFLX wins

165 Municipal peers · each row scaled to its leader

The Details

MFLX

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y5.21%

Deepest drop · 1Y−8.8%

Lowest point · 5Y−21.9%

52-week range

$16.52

$15.57−8.0% from the high$17.95

First Trust MFLX · past-year price moves · as of Nov 5, 2026

MFLX

Fund Facts

Today

2016launched Sep 27

Tracks[…]

Exchange · CUSIPNASDAQ · 33740F508

StructureETF

Leverage1x

Cost on $10,000$49 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust MFLX · fund facts · as of Nov 5, 2026

MFLX

Payouts by Year

$0.0620per share, Oct 2026

Distribution yield4.4%

PaidEvery month

Latest ex-date · paidOct 21 · Oct 30, 2026

12 payouts added up$0.72 a share

First Trust MFLX · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗

Trading & Liquidity

Net asset value$16.48

Premium / discount[…]

Median spread · 30D[…]

Volume today2K

Average volume · 30D6K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.49%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$49.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 21, 2026	Oct 30, 2026	$0.0620
Sep 24, 2026	Sep 30, 2026	$0.0620
Aug 21, 2026	Aug 31, 2026	$0.0620
Jul 21, 2026	Jul 31, 2026	$0.0610
Jun 25, 2026	Jun 30, 2026	$0.0610
May 21, 2026	May 29, 2026	$0.0610
Apr 21, 2026	Apr 30, 2026	$0.0600
Mar 26, 2026	Mar 31, 2026	$0.0600
Feb 20, 2026	Feb 27, 2026	$0.0600
Jan 21, 2026	Jan 30, 2026	$0.0600
Dec 12, 2025	Dec 31, 2025	$0.0575
Nov 21, 2025	Nov 28, 2025	$0.0575

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