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Morningstar

First Trust Flexible Muncpl Hgh Inc ETF MFLX

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

Morningstar’s Analysis MFLX

Will MFLX outperform in 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.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit First Trust Flexible Muncpl Hgh Inc ETF to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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 21.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JEFFERSON CNTY ALA SWR REV 5.25%

3.18 489,799
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 6%

2.15 330,751
municipal

SKAGIT CNTY WASH PUB HOSP DIST NO 001 REV 5.5%

2.08 320,408
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5.25%

2.08 319,853
municipal

DUTCHESS CNTY N Y LOC DEV CORP MULTIFAMILY TAX EXEMPT MTG BKD BDS 5%

2.06 317,405
municipal

CHICAGO ILL BRD ED 5%

2.06 317,058
municipal

PUBLIC FIN AUTH WIS TAX INCREMENT REV 5%

1.98 303,997
municipal

NEW HAMPSHIRE ST BUSINESS FIN AUTH WTR FAC REV 5.375%

1.97 303,118
municipal

VERMONT ECONOMIC DEV AUTH MTG REV 4%

1.87 287,510
municipal

CAPITAL PROJS FIN AUTH FLA EDL FACS REV 6.5%

1.84 282,848
municipal