{
 "ticker": "MFLX",
 "name": "First Trust Flexible Municipal High Income ETF",
 "issuer": "First Trust",
 "desk": "core",
 "url": "https://etfiq.com/funds/mflx",
 "html": "https://etfiq.com/funds/mflx",
 "markdown": "https://etfiq.com/funds/mflx.md",
 "as_of": "2026-10-02",
 "verdict": "MFLX is actively managed and returned \u22122.1% over the past year.",
 "category": {
  "id": "bonds",
  "name": "Bonds",
  "label": "Bond ETFs",
  "url": "https://etfiq.com/bonds/",
  "group": {
   "id": "municipal-bonds",
   "name": "Municipal bonds"
  },
  "segment": {
   "id": "muni-national-long",
   "name": "Municipal, national, long",
   "url": "https://etfiq.com/bonds/muni-national-long/"
  },
  "status": "classified",
  "as_of": "2026-10-03",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22122.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MFLX, total return, 1 year: \u22122.1%, as of Oct 2, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MFLX, expense ratio: 1.01%, as of Oct 2, 2026."
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "80",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MFLX, holdings: 80, as of Oct 2, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u221210.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MFLX, below its high: \u221210.1%, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$20m",
   "source": "issuer page, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "MFLX, net assets: $20m (issuer page, as of Oct 2, 2026)."
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Bond fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Bonds \u00b7 Municipal, national, long",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$15.88",
   "source": null
  },
  {
   "key": "listed_since",
   "label": "Listed since",
   "value": "Sep 29, 2016",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$20m",
   "source": "issuer page, as of Oct 2, 2026"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u221210.1%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "80",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "20.1%",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Oct 2, 2026",
   "source": "the issuer\u2019s daily file"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22127.7%",
   "S&P 500": "+3.6%",
   "Gap to S&P 500": "\u221211.3 pts",
   "Gap to Nasdaq-100": "\u221213.0 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22123.9%",
   "S&P 500": "+17.9%",
   "Gap to S&P 500": "\u221221.9 pts",
   "Gap to Nasdaq-100": "\u221232.4 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u22122.1%",
   "S&P 500": "+16.2%",
   "Gap to S&P 500": "\u221218.4 pts",
   "Gap to Nasdaq-100": "\u221226.5 pts"
  },
  {
   "window": "3 years",
   "Total return": "+13.2%",
   "S&P 500": "+89.3%",
   "Gap to S&P 500": "\u221276.1 pts",
   "Gap to Nasdaq-100": "\u2212101.6 pts"
  },
  {
   "window": "Since listing",
   "Total return": "+14.7%",
   "S&P 500": "+320.1%",
   "Gap to S&P 500": "\u2212305.4 pts",
   "Gap to Nasdaq-100": "\u2212567.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How has MFLX performed?",
   "a": "Over the year to Oct 2, 2026, MFLX returned \u22122.1% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +13.2%."
  },
  {
   "q": "What does MFLX cost?",
   "a": "The prospectus expense ratio is 1.01% a year."
  },
  {
   "q": "How far is MFLX below its high?",
   "a": "10.1% below its high of Aug 24, 2021, measured on the reinvested series to Oct 2, 2026."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}