# MFLX (First Trust Flexible Municipal High Income ETF)

First Trust · Bond ETFs · Municipal, national, long · data as of Oct 2, 2026

MFLX is actively managed and returned −2.1% over the past year.

## Key facts

- MFLX, total return, 1 year: −2.1%, as of Oct 2, 2026.
- MFLX, expense ratio: 1.01%, as of Oct 2, 2026.
- MFLX, holdings: 80, as of Oct 2, 2026.
- MFLX, below its high: −10.1%, as of Oct 2, 2026.
- MFLX, net assets: $20m (issuer page, as of Oct 2, 2026).

## MFLX over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −7.7% | +3.6% | −11.3 pts | −13.0 pts |
| 6 months | −3.9% | +17.9% | −21.9 pts | −32.4 pts |
| 1 year | −2.1% | +16.2% | −18.4 pts | −26.5 pts |
| 3 years | +13.2% | +89.3% | −76.1 pts | −101.6 pts |
| Since listing | +14.7% | +320.1% | −305.4 pts | −567.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, long | ETFIQ |
| Expense ratio | 1.01% | 485BPOS XBRL, Dec 29, 2025 |
| Price | $15.88 | ETFIQ |
| Listed since | Sep 29, 2016 | ETFIQ |
| Net assets | $20m | issuer page, as of Oct 2, 2026 |
| Below its high | −10.1% | ETFIQ |
| Holdings | 80 | ETFIQ |
| Top ten weight | 20.1% | ETFIQ |
| Holdings published for | Oct 2, 2026 | the issuer’s daily file |

## Questions

### How has MFLX performed?

Over the year to Oct 2, 2026, MFLX returned −2.1% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +13.2%.

### What does MFLX cost?

The prospectus expense ratio is 1.01% a year.

### How far is MFLX below its high?

10.1% below its high of Aug 24, 2021, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, MFLX, data as of Oct 2, 2026. https://etfiq.com/funds/mflx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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