Morningstar

First Trust Flexible Municipal High Income ETF MFLX

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis MFLX

Will MFLX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MFLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MFLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MFLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Trust Flexible Muncpl Hgh Inc ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings MFLX

More MFLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

2.56 511,780
Cash and Equivalents

MOBILE ALA INDL DEV BRD REV 1.85%

2.50 500,000
municipal

MONROE CNTY GA DEV AUTH POLLUTION CTL REV 1.7%

2.50 500,000
municipal

COLUMBUS OHIO REGL ARPT AUTH REV 5.5%

2.45 490,970
municipal

TARRANT CO CULTURAL-A 5 9/1/2047

2.31 462,270
municipal

JEFFERSON CNTY ALA SWR REV 5.25%

2.24 449,388
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 2.05%

1.75 350,000
municipal

NASHVILLE ETC CO MET 6 12/1/2051

1.57 314,793
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 6%

1.51 301,703
municipal

SAN ANTONIO TEX WTR REV 1.4%

1.50 300,000
municipal

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